Crisis = Opportunity

The press release published by the world bank "COVID-19 to Plunge Global Economy into Worst Recession since World War II" is the next bad news massage that we have to consume...

This morning I did consume some content send out by Mc Kinsey about the 10 Trillion dollar (yes 10. x 12 Zero's) dollar rescue plan and how governments can deliver a meaningful impact what could your next opportunity in times of this Crisis. I wills ave you some time reading the whole story by the the highlights of the article:

While many of the lessons learned from recovery in earlier economic crises can be helpful in designing a recovery plan for the COVID-19 crisis, there are at least four areas that are specifically relevant to the current context:

1. Green energy. Accelerate government investment in clean energy and incentivize companies to improve energy efficiency.?Why it matters. Although COVID-19 is not directly linked to climate change, public opinion is in favor of recovery actions that also address the green agenda. Close to 70 percent of surveyed respondents say climate change should be prioritized in recovery efforts. Environmental and economic impact can be complementary: creating a low-carbon stimulus program for one European country has been estimated to require an investment of between €75 billion and €150 billion, which would produce €180 billion to €350 billion of gross value added and create up to three million jobs.
2. Digitization and the next technology wave. Accelerate government digitization and support companies in adopting new technologies.?Why it matters. Adoption of digital technology and artificial intelligence (AI) was a fast-accelerating trend even before the COVID-19 crisis. Digital technology is forecasted to rise to 66 percent absorption, from 37 percent, by 2030, whereas AI absorption is expected to increase to 50 percent, from 7 percent, over the same period. The shift to a contactless economy, driven by the pandemic, will contribute to that acceleration. The United States has seen a 20 percent increase in preference for contactless operations, with numerous industries adapting to this change. Payment, retail, food, accommodation, education, and health are among the areas that will be significantly affected by the trend.
3. Shaping the workforce of the future. Upskill the workforce to be able to remain productive in a future of increased automation.?Why it matters. Automation and AI will prompt large-scale workforce transition over the coming years. Even with today’s technologies and knowledge, 60 percent of occupations have around 30 percent of tasks that are technically automatable. Many occupations will see growing demand, while others will shrink, leading to 75 million to 375 million workers potentially needing to switch occupational groups by 2030.
4. Resilience of supply chains and security of essential goods. Support the creation of local industries that will increase countries’ resilience.?Why it matters. From early on in the COVID-19 crisis, governments and businesses alike were forced to go into emergency mode to mitigate the impact on supply chains. The crisis revealed weaknesses or risks in various market segments, such as governments banning exports of food or medical products and businesses struggling to maintain production. Looking ahead, governments and businesses will seek to build resilience against future shocks. (End of Mc Kinsey content).

Now the headline and the content reflects the significance of the crisis en the impact with the opportunity you now have a good story to tell and together with the below chart you have a good story to tell for engagement with the stakeholders to turn the crisis into your new opportunity.