There is no industry more severely affected by COVID-19 pandemic than aviation. Travel bans as of late March could represent closer to 98% of global passenger revenue — with a three-month blanket ban equivalent to over USD 250 billion. When will the air travel demand bounce back? How rapidly can the supply side recover? KPMG experts have prepared a document on the current impact of COVID-19 on airport industry and analyzed the possible scenarios of its recovery.
As part of the digitalization of the economy, satellite signals and data play an increasingly pivotal role in economic development. However, with the COVID-19 crisis, this positive trend could be reversed. There is a risk that the crisis could lead to more industry concentration, eliminating smaller and younger firms.
In the context of the global reboot triggered by the coronavirus pandemic, EY experts in their research suggest the concept of EY Megatrends to today’s leaders as a basis for perceiving the unprecedented changes and for updating their development strategy.
A year before the COVID-19 outbreak, we argued in Winning the ’20s that the basis of competitive advantage was shifting. The combination of technology-fueled change, the rise of new learning technologies, and declining long-term growth rates, which require accelerated innovation, called for companies to compete on their rate of learning.
PwC’s experts examines responses taken both before and after the COVID-19 outbreak in an attempt to gain an understanding of consumer behaviour in cities, and to assess the implications for businesses.
