But it isn’t the only crisis businesses today face. The talent crunch continues to wreak havoc as well. Korn Ferry recently forecast that by 2030, there will be a shortage of 85.2 million workers globally, and that it will result in lost revenue opportunities of $8.452 trillion. That’s a serious problem. But with digital workspaces, companies can overcome it too.
“From a disaster recovery perspective, we’d like our employees to able to work from anywhere,” says Kyle Edgeworth, Deputy CIO, City of Corona.
Coronavirus is clearly taking a toll on the global economy. Productivity is lagging as companies restrict travel and workers in affected areas remain quarantined. Supply chains are being disrupted as manufacturing in key markets has ground to a halt. And corporate forecasts are being revised downward as a result.
