In a report by KPMG Professional Services, titled: “COVID-19, and Global Mobility – Outlook for the Future,” the firm said there is a need for companies to stay ahead of the curve by embracing the new normal to ensure survival. According to the report, COVID-19 among others, have made it imperative for entities to refocus their value propositions.
“There is no gainsaying the fact that the COVID-19 pandemic has changed the world forever. However, it is not all doom and gloom as people will become resilient and will continue to evolve to address this challenge and future challenges to ensure continued survival,” it stated. It said with the easing of travel restrictions and lockdown policies, there are signs of greater dependence on technology, cost optimisation, and reduced need for travel, among others, which would ultimately impact businesses and disrupt operations across sectors.
Consequently, these would also lead to cuts in travel budgets, as greater dependence is placed on using cutting-edge technology to facilitate virtual meetings and collaboration.