COVID-19 and changing business landscape

&NewLine;<p><strong><em>As of the last account&comma; precisely on April 24&comma; about 2&comma; 631&comma; 839 cases of coronavirus have been confirmed out of which 182&comma; 100 recorded as deaths in 213 countries around the world&period; That is the shocking statistics of Covid-19&comma; a disease which broke out in December 2019 in Wuhan&comma; a 11 million Hubei Province in China’s 7th largest city&period;<&sol;em><&sol;strong> <strong><em>The disease&comma; named Covid-19&comma; which has been declared pandemic by World Health Organization&comma; WHO&comma; has negatively impacted economies&comma; disrupting financial structures&period;<&sol;em><&sol;strong> <strong><em>In the unbelievable prevailing circumstance came assurance from Dr&period; David O&period; Israel&comma; Chief Executive Officer&comma; SIECAFRICA&comma;who posits&comma; in this piece&comma; &nbsp&semi;that &OpenCurlyDoubleQuote; The future has more opportunities in store than you might think&period;”<&sol;em><&sol;strong> <em><strong>SIECAFRICA is the organizers of <&sol;strong><&sol;em><strong><em>Super Intelligence Entrepreneurship Conference&comma; holding on Saturday October 12&comma; 2019 &nbsp&semi;at Radisson Hotel&comma; Ikeja&comma; Lagos&period;<&sol;em><&sol;strong> <strong><em>The event with a theme&colon; Emerging Trends and Challenges in Business Development&comma; &OpenCurlyDoubleQuote;is a proposed avenue for every innovation-driven entrepreneur and business professional to master the art of mental relevance&comma; critical thinking&comma; problem solving techniques and industrial relevance&period;”<&sol;em><&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Covid-19 has traveled like wildfire&comma; as it has cut through the world in a few months&comma; with thousands of people dead and economies grounded&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The lockdown is placing pressure on the global economy&comma; and we are on the brink of a serious economic recession&period; Though it is unpredictable&comma; the future is still in our hands&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>There are several possible futures&comma; all subject to how the government and society respond to the pandemic and its economic consequence&period; Hopefully&comma; some businesses will come out of this crisis with new methodologies to rebuild and produce something better&period; But others may slide into something worse&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><em>Are you worried about how this pandemic might impact your business&quest;<&sol;em> <em>Do you feel out of touch with the world and how it’s changing&quest;<&sol;em><br><br>I know how it feels&comma; but it doesn’t have to be this way&period; The future has more opportunities in store than you might think&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>As usual&comma; the doom and gloom will overshadow the good news&comma; as businesses are crumbling and shutting down&period; But the truth is&comma; lots of businesses aren’t sitting idle either&period; They have adjusted to the circumstances&comma; developed their brand&comma; reshuffled their production&comma; and catered to new demands&period; The majority of shopping has moved online&comma; and businesses that don’t have an online option may face financial ruin&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Many have used COVID-19 as the main inspiration for new growth in some sectors and while reviving dormant potential in others&period; We&&num;8217&semi;ve also seen opportunities in the healthcare and health technology industry&comma; food&comma; entertainment&comma; education&comma; sports &amp&semi; well-being&comma; service industry&comma; event management&comma; etc&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>So what you need right now is a different economic mindset&period; The economy is beyond buying and selling alone&period; At its essence&comma; it’s the way we take our resources and turn them into the things we need to live&period; Surviving this crisis requires creative solutions&period; Use this pandemic as a wake-up call to reconsider how you have been doing business&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Can you digitize any of your products or services&comma; and start offering them online&quest; Can you implement technology to balance any loss of earnings by offering new ways to connect with your customers&quest; While we remain optimistic that the pandemic will be over soon&comma; stay safe&period;<br><br>&nbsp&semi;<&sol;p>&NewLine;