The COVID-19 pandemic has caused considerable uncertainty across the business landscape. Depending on the sector, a number of businesses have been in survival mode, hunkering down and waiting for conditions to improve. The survival of those who managed to operate smoothly and those who did not depends to a great extent on the business they are in.
Sectors such as travel and hospitality have been hugely affected, while businesses in sectors such as healthcare and technology have fared much better. Digital business models are thriving as traditional brick and mortar stores struggle.
Many forward-looking businesses are seizing the opportunity to reinvent themselves, identifying new markets, products and ways to serve customers to prevail beyond the pandemic.
For the family business sector, the coronavirus has become an accelerator for confronting difficult planning and decisions that may have been deferred before.
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