Post Covid-19: Business unusual
WHILE the urgency of now, not only in Zimbabwe, but the world over, is to contain, mitigate and end the scourge of the killer coronavirus, post Covid-19 will not be business as usual.
The pandemic will not only reconfigure global economy, but also geo-politics as typified recently by accusations and counter-accusations between super-powers on the origin of Covid-19.
While global politics of geometry is a subject for another day, global economic configuration post coronavirus will have devastating consequences to the Zimbabwean economy, which has been tottering on the brink of collapse for years due to acute foreign currency shortages, liquidity crunch and dearth of lines of credit, among a battery of other teething problems.
Already, several industries in the country are reeling from the effects of coronavirus and chances that they would emerge from Covid-19 and continue to operate as before the pandemic are zilch.
The tourism industry is the most affected. Hotels, resorts and recreational facilities across the country have been shut and chances are high that even if the pandemic is ended soon, the sector would take ages to recover. What with reports that most countries will close their boarders for a year or so to recover.
Already, reports suggest that Zimbabwe will this year lose 40 percent of tourist arrivals as a result of Covid-19. This entails massive job losses in the sector.
Equally this trend will hit other industries with devastating consequences. Among other sectors set to feel the hit from coronavirus are entertainment, media, advertising and non-core manufacturing sectors.
It will not be business as usual, but business unusual.
Many companies that thought they had future-proofed their investments would find themselves wobbling on the brink of collapse if they do not innovate and adapt to the changing times.
The pandemic will reshape our education sector amid high demand to move learning from classrooms to digital platforms. While this will create employment in the information communication technology sector, it will kill thousands of jobs. Most teachers and ancillary staff will have to be retrenched.
The majority of people will be the hardest hit by the configuration of doing business post Covid-19. They will find themselves without jobs and, therefore, wallowing in abject poverty.
Companies and people who will quickly adjust to the changing times and innovate will be successful. Opportunities will arise, but only for those who today understand that post Covid-19 business will be unusual.