the important thing for firms to outlive the pandemic


5 min learn

This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist because of this course of.


One 12 months after the World Well being Group (WHO) formally declared SARS-CoV-2 a pandemic, the enterprise sector continues to face the good challenges posed by the virus that was first recognized in Wuhan, China, a finish of 2019.

On the one hand, firms have needed to take severe transformation and adaptation measures at a strategic degree and of their enterprise fashions. Some research point out that firms with a too vertical construction have made a horizontal conversion on the organizational degree, taking for instance the persona of startups and know-how firms. It’s evident that the chance of not adapting could be very excessive, and it’s already mirrored: In Colombia, the closure of firms elevated by 63% within the first half of final 12 months, in accordance with the Bogotá Chamber of Commerce, and the fact of 2021 ongoing shouldn’t be promising.

Alternatively, the identical enterprise sector, by censuses and surveys, has expressed that there are 5 major areas by which they’re dealing with difficulties for the reason that starting of the pandemic:

Financial-financial space

The instant impact of the coronavirus disaster has been the devaluation of currencies worldwide, particularly in Latin America, which makes the acquisition of imported uncooked supplies and provides dearer. This generates a sense of uncertainty in firms, to which is added the shortage of liquidity because of delays in buyer funds, fastened working bills and the cost of taxes.

Manufacturing space

The lower in gross sales ensuing from the inactivity of some shoppers, whether or not because of cancellation of providers, funds cuts or presence in different nations, has put the manufacturing line in verify. With manufacturing on maintain, the destructive results within the medium or long run are mirrored in precariousness and expiration of inputs.

Well being and safety

For employers, the well being and security of their staff is a excessive precedence in the course of the pandemic, which is why firms have taken steps to stop the unfold of the coronavirus. These measures have been an funding but in addition studying when it comes to the adaptability and innovation of their companies.

Provide and sourcing

The manufacturing and provide chains of products, providers, supplies, amongst others, have radically modified on account of the pandemic, so firms have needed to adapt to present circumstances. The scarcity and enhance in price of uncooked supplies and provides, the slowdown of production-delivery processes and guaranteeing the hygiene of merchandise continues to be a serious problem.

Labor space

Relating to human capital, employers have tailored their execution processes with distant and versatile work choices for his or her staff, along with coaching that enables them to be taught to have fast response-adaptation capability in unconventional or disaster eventualities, such because the one that’s lived right this moment worldwide. Typically, firms have prevented mass layoffs.

Photograph: hachU

Studying: the technique to beat challenges and develop sooner or later

It’s clear then that on account of the pandemic, the realm of alternative for a lot of firms (particularly not digitized or with little progressive manufacturing processes) continues to be the implementation of technological sources that enable them to reply to the calls for of the disaster present, each on the degree of infrastructure and human capital. On this sense, the coaching of labor groups by digital means is a necessity that firms didn’t take into account important earlier than the coronavirus, and that has change into a precedence to extend their capability for adaptation and resilience.

For this, there are initiatives equivalent to hackU , a Colombian startup that gives firms on-line training for his or her staff and collaborators. The service consists of utilizing WhatsApp as a coaching channel, sending instructional microcapsules of a most period of quarter-hour.

As soon as the person receives the content material, they’re accompanied by an academic coach. On the finish of every research module, the identical person can measure the information acquired by a studying evaluation.

This confirms that, on account of the pandemic, the demand for ultra-accelerated response processes has led the enterprise sector to extend its studying capability to deploy efficient options that assist emerge from the disaster and guarantee future development. As well as, the uncertainty about the true penalties of the pandemic at a social and financial degree, continues to push firms to increase their areas of experience to strengthen internally and in addition mission themselves safely in direction of what the post-covid situation could convey.

Surely, the capacities of adaptation, studying, innovation and restoration are rising because the spine for the survival of firms throughout and after the pandemic. Corporations that embrace and strengthen these qualities will have the ability to meet the challenges of financial restoration with better ease and management.

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