Lunge Systems: Pathways

The-next-normal-arrives-Trends-that-will-define-2021-and-beyond-Final.pdf?shouldIndex=f

auto-generated 31-Jan-2021

The next normal arrives: Trends that will define 2021 and beyond The COVID-19 pandemic has changed the world, and its effects will last. Here are some factors that business leaders should keep in mind as they prepare for the next normal. by Kevin Sneader and Shubham Singhal January 2021 Grant Faint / SeventyFour / Getty Images Businesses have spent much of the past nine months scrambling to adapt to extraordinary circumstances. While the fight against the COVID-19 pandemic is not yet won, with a

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travel took five years sneader is the global companies are three times percent of a year china and the united percent of the global united states percent crisis

Sources: McKinsey

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Type: Strategies

Priority/ Function Areas: Business & Industrial Computers & Electronics Finance Internet & Telecom

Sectors/ Fields of Life: Manufacturing Wholesale & Retail Trade Information, Finance & Insurance Technical & Management Services

People/ Roles: Consumer Services Service Vendors Manufacturers Multi-Nationals Governments

Profiles: the office the development a country the volume a travel the deficits all rights the benefits that concern the efforts the challenge the future the key the stimulus the pandemic the payments that companies the revolution all countries the percent that attitudes the plus the economy the crisis the virus the trend the body an companies the dynamics the number another train the country it strategy korea part an systems the molecules china profile the implication the rise a survey the rebalancing the context the individual such thing a crisis the reckoning the consumers the shift the increases the capitalism the story this time the path the gap this office the bottom the announcement any company the vaccines its companies mckinsey survey the market the rate a number rajnish chairman overall adoption the vaccine the hangovers the figure the experience the research the half its competitors the changes the industry the others the answer the bounce a portends the lack a businesses the use the happiness a opportunity it effects the terms an industries the return this platform a company the result the government the formation its chains the scale its investments the imperative the obligations the point the resilients a majority a accomplishment the role

Goals: examine related actions discuss precovid19 eras s diversifying reason improve pandemic preparedness fueled fasterthanexpected rate use recovery plans create prompts protein create crops heat replace onsite meetings play significant role raise fiscal deficit see portfolio adjustment shape global economy mean risk management diversify supply chains bring disproportionate share confirm accelerating businesscontinuity infuse measured metric buy enthusiastic t personalize customer experience estimate humanitarian cases try shopping behaviors push policy priorities shape next normal generate demand executives create reconfigure imperative realize disruptions things provide enduring foundation show comes s assign credit blame take productivity gains waste increasing prominence show build way prompt immune response ship most all fueling economic growth hit record percent change governance structures show largest increase carry own costs kill year people relax shown requirements prove larger point take learn opportunity unleash consumer rebound outweigh investing costs describe century generations improve business models create shareholder value accelerate fourth revolution buy defining difference see new formations invest covid19 crisis limit available resources require regulation workforces limit climate risks include genetic modification build covid19 crisis expect lasting shutdown serve consumer markets see significant increase come seek idea accelerate green opportunities diversify growth opportunities build work environments address fiscal difficulties bar unexpected businesses incorporate action climate cut inequality spending bring dramatic restructuring turn painful lessons go great acceleration use inactivated form break carrier mrna t enviable precedent

Measures: future generations rise debt several vaccines force inquiries individual businesses same month political backlash pandemic preparedness digital shopping unallocated capital economic tracker humanitarian cases economic order economic impact historic norms highskilled jobs low rates national debt domestic flights important one current staff new things physicaldistancing requirements online retail old demographics online buyers global economy clear guidelines sophisticate management environmental policy define difference longterm change clean energy large part small roles significant increase economic catastrophe regional travel onlinepenetration rates true point predictable features operation healthcare sustainable investing veritable flood genetic modification genetic instructions longterm productivity private debt shareholder value remote care financial position old population current recession same period global downturns many companies muchneeded shot strong use such differences few question canadian dollars pandemic triggers welltrained workforces equivalent increase substantial blackrock venturecapital activity general prosperity more years virtual options global survey risk management noncommunicable diseases substantial programs widespread criticism professional development past couple remote work economic activity green technologies own interest global prosperity economic growth normal times net emissions manage partner recovery plans long term traditional center conspicuous lack urgent need fiscal year total spending new capabilities enviable precedent government operations second quarter systematic reconsideration selfrepairing fabrics physical inputs financial times new businesses global outlook current plans green infrastructure estimate people more century governance structures small businesses positive development productivity gains first corporations dramatic advances portfolio adjustment medical innovation much space significant role new executives artificial ai spider silk develop countries normal differences wide array first time high levels telehealth visits consumer rebound large increase outofhome activities customer experience high recorded7 human machine public debt census bureau faint light growth opportunities global growth american maker consumer markets communal element new behaviors small business green economy skill gaps economic downturns enable gains inactivate form discretionary spending2 consumer businesses social force major economies painful lessons large point own activity good times large improvement policy priorities digital models individual transaction first half social capital new cases last year dramatic restructuring first quarter available resources first things several years business formations green bonds few people top performers climatechangerelated measures moral sentiments first country positive force human desire belong companies percent rate total debt demand executives global value artificial spider healthy sheets open question escape velocity environmental sustainability new formations major company century generations engineer microbes significant reskilling longterm view regional expertise substantial adjustment electric vehicles good reasons holiday gifts advance technologies remote working green innovation intense pressure real estate emerge resilients onsite meetings endure foundation public criticism environmental action economic stability record sales previous vaccines competitive advantage solarpower systems industrial revolution dramatic reactions former chair clinical trials present travel self employment longterm value past months relative positions previous years second differences short value carbon emissions effective arrangements strong action come decades supply chains more quarters exist priorities private companies state goal dark fashions major countries great productivity wide use own costs economy societies measure metric global disease many opportunities green opportunities national levels healthy environments unexpect businesses young populations stockmarket returns previous positions pandemicrelated restrictions good leadership new ways business models continue diffusion new forms increase prominence certify corporations fossilfuel subsidies inperson sales startle figure major events advance robotics good news new territory new technologies learn opportunities spin-dry capital economic constraints compel example good idea fiscal packages thoughtful collaboration widespread distrust effective action new kinds supportive workforces single factory third quarter recent graduate cool things universal percent extraordinary circumstances current technology seamless process climate risks shop behaviors few funds cautionary notes unobstructed view work environments new skills structural change global partner risk resilience perfect intentions short leisure many countries manufacture companies consumer sentiment several quarters green energy financial crisis fastgrowing markets past consensus fiscal leakages tailor opportunities 20th century immune response datum security global goods fiscal territory droughtresistant crops entire value fiscal deficit low base regulatory approval devastate business big declines first disruptions digital capabilities first vaccines poor countries growth rate golden week pesky activists fasterthanexpected rate sectoral differences fiscal difficulties great acceleration fast development new opportunities disproportionate share global workforce next decade complicate chains positive trend consumer spending debttogdp ratio high priority high score effective use whole occupancy fourth revolution low valuations second factor new lockdowns critical components human service online service same time important challenges discount assets pandemic times medical center international travel launch point selfemployed workers massive acceleration recent survey chocolate maker cool app next pandemic good deal high ratio massive sectors corporate bankruptcy insight analysis difficult times previous downturns safe pantries first quarters senior partner usual business damage cells fiscal response wide range virtual health digital transformation retail sales16 tremendous growth supplychain redundancies such decisions new app

Actions: spend much promote growth make daily hit figure3 build systems require workforces reduce emissions s challenge spark wave try kinds bioengineer sequencing shape normal leave employment conduct percent push debt prompt response call it use form link recovery reskil staff keep eye confirm businesscontinuity eschew pursuit buy t serve interests dedicate percent build trust address conditions change that bring share keep that come idea create heat address gaps reserve 13 provoke reactions pay debt encourage collaboration play invests largescale testing reduce leakages examine actions last month generate executives put it install systems achieve velocity resume sales roll vaccines diversify chains waste prominence see growth put country offer care augur beginning shape economy play roles raise taxes create imperative transform business figure that revise bureau discuss eras require commitment start business limit risks replace cells establish guidelines add fuel personalize experience improve healthcare shape futures build redundancies show s create opportunity fueling growth absorb shocks unleash rebound turn lessons curb malaria reverse itself relax requirements need reskilling slow recovery increase earnings take gains protect income set foundation hit percent learn mckinsey take advantage resume activities take hold project deficit see anything serve markets pick factor take decade do business improve zscores mean everything service debt project increase reveal vulnerabilities take opportunity s reason invest trillion mean management accelerate revolution show increase enable working learn whatever monetize assets keep jobs create protein capture opportunities18 cut marketplaceorg reach trillion build advantage adopt principles accelerate capabilities see formations take news create trillions ship all cost less include modification describe generations hit road affect direction affect numbers raise deficit outweigh costs get media measure probability highlight interconnectedness invest crisis accelerate opportunities use plans push companies inculcate culture narrow costs may mckinseycom s core arrive idea navigate crisis take stock develop brazil phase subsidies suffer effect consider interests offer hope estimate cases protect jobs change structures try behaviors replace meetings bring percent create resistance require development carry costs address difficulties spend big kill people adapt workforce tell us create culture fueled rate work majority reconfigure operations infuse something insight tracker establish options face that hold all go acceleration meet them buy gifts limit resources incorporate climate livelihood imperative set inquiries build them rack sales expect losses change world seek that prove point improve models define 2021 create silk make decisions infuse profit allocate trillions turn caterer enhance returns bring benefits list vaccines see increase bring restructuring improve operations require businesses reach percent evaluate score earn recipe keep mind create value cut conversation evaluate companies provide foundation see worth outperform rest infuse metric take action mean application improve preparedness expect shutdown grant seventyfour create space play role automate checkout shut production crowd debt break mrna improve security emphasize businesses lose resilients provoke divergent doesn work transform societies carry instructions secure approval open door transform them follow productivity shop romania learn what chart bureau keep powder call what play part t precedent have moment realize things take years supplychain reinvention accelerate shopping build environments bring what identify some bar businesses embrace change tackle debt create momentum tilt odds show way see adjustment reach them transform mckinseycom make deals pick midyear plant trees take it increase use speed transition seek opportunities speed operations learn skills seek ways lessen accomplishment use them shake norms offset half launch generation redesign workplaces build crisis can will push priorities diversify networks fend activists buy difference evaluate data adapt technologies make changes reach consumers alter businesses recognize china earn mckinseycom cost quarter provide case learn more cut spending address business diversify opportunities assign blame face gaps safeguard lives bring advances power returns reduce debt define case address change follow part

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