COVID-19 in 2020: Reshaping a Decade of New Practices and Principles

Nevertheless, we must understand that this is only half of the picture. It represents only current dynamics, with people and markets struggling to combat the virus day-on-day.

The other half is all about the aftermath; the change. It is about paying homage to the precious life we have lost in this crisis and taking lessons learnt to shape the macro trajectory in the years to come. Some sectors will go down and some new ones will emerge. People will demand some things less but some things more. Organizations will find new, or even novel ways of getting work done.

Mazars believes that the shifts brought about by COVID-19, from markets to government focus to organizational planning, can be analyzed through a three-pronged lens:

Ultimately, these short, mid and long-term agendas will go onto shape a decade of new practices and principles, which will take us ahead in our journeys going forward. Survivors will be the ones that live through this change; winners will be the ones who become it.

Tune into our report to know more!