Global economy:
The fourth industrial revolution accelerates
Companies look to establish virtual operations as the norm.
Leisure travel bounces back
Leisure travel will return, but business journeys are likely to lag.
New wave of innovation
A new generation of entrepreneurs could make their mark
Return of confidence
“Revenge shopping” will lead a consumer rebound
Business:
Consumer Shift online continues
The pandemic-driven boom in shopping online will likely remain.
The future of work arrives
Much remote working set to be entrenched with companies rethinking office space
Supply chains rebalance
Multinationals reshoring production still looks unlikely, but security and resilience will loom larger in their decisions
The biopharma revolution
Vaccines should prove a shot in the arm for medical innovation
Portfolio restructuring
Divergencies between industries will narrow, but guffs will remain between winners and losers.
A green recovery
Governments stimulus packages will focus on environmental priorities
Society:
Healthcare systems take stock
Governments will review the covid-19 crisis with an emphasis on future preparedness.
Governments tackle rising debt
With high levels of debt, governments will assess how to confront their fiscal problems.
Stakeholder capitalism comes of age
Businesses will recognize the need to serve a wider group of interests beyond shareholders
Source: Mckinsey&Company