invest in tech creatio ebook
ZARZĄDZANIE BIZNESEM

5 powodów, dla których właśnie teraz warto zainwestować w technologię [EN]

5 REASONS WHY INVESTING IN TECH IS THE BEST THING YOU COULD DO RIGHT NOW

CONTENT

  • #1 The Impact of COVID-19 on Business
  • #2 React
  • #3 Adapt
  • #4 Overcome
  • #5 Outgrow
  • #6 Protect
  • Conclusion
  • About Creatio

#1 THE IMPACT OF COVID-19 ON BUSINESS

The COVID-19 outbreak is proving to be one of the biggest challenges of the decade and is perhaps a defining moment of the 21st century. Its impact on our lives is felt by nearly everyone; grocery store rations to lockdown curfews and regulations have changed the way we live and work. For businesses, the story is no different. Nearly every company in every industry has felt the pressure from the outbreak, and some have already began to crumble as their business model proves to be too inflexible to accommodate for these drastic changes. Though these changes can differ greatly from organization to organization, nearly every company is currently facing one or more of the following core challenges:

WORKPLACE DISRUPTIONS. Social distancing and quarantine measures have required many businesses to shut down their physical office locations. Luckier businesses have models that enable employees to work remotely, while others struggle to find new ways for employees to interact with each other as well as with business partners and customers. Few have been able to escape the need for remote interaction and are entering a new reality in which their business processes and employee tasks must be able to continue out of office.

A pandemic can result in a possible staff absenteeism exceeding 40% for extended and sequential periods, and organizations must understand what that means for their business operations and be prepared to make some hard decisions, if needed.


(Gartner) Overcoming the COVID-19 Crisis Through Pandemic
Preparedness, 24 February 2020 by Analysts Roberta Witty, Venecia Liu

SUPPLY CHAIN MANAGEMENT ISSUES. Several companies now must question vital aspects of their business processes like supply chain management as unprecedented restrictions have started to strain them. Panic buying and forced shutdowns have led to severe shortages of various goods on both the consumer and manufacturing level. Vital business operations needed to maintain distribution networks of several organizations have come to a grinding halt as employees are forced to stay home. All of these factors have made supply chain management not only a priority for many, but have shown many businesses that it is their potentially largest weak point as well.

ACUTE CHANGES IN DEMAND. Naturally, the COVID-19 outbreak has changed the way many consumers buy and what they prioritize. This is true for businesses of any kind, from B2B, B2C, or G2C. Some like brick-and-mortar retailers are experiencing an extreme slowdown due to severely decreased foot traffic and mandatory shutdowns, while others like healthcare organizations are seeing a daunting increase in demand. Regardless of where your business is on this dramatic pendulum swing of demand, it’s likely that your entire business has had to change somewhat to accommodate these changes accordingly, with many finding themselves struggling to adapt.


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