The coronavirus could make remote work the norm, what businesses need to know
The coronavirus COVID-19 outbreak could be the catalyst for a dramatic increase in telecommuting. Enterprises should prepare for an increase in remote work and the long-term effects on marketing budgets, corporate travel, and commercial real estate values.
Coronavirus: Business and technology in a pandemic
From cancelled conferences to disrupted supply chains, not a corner of the global economy is immune to the spread of COVID-19.
Read More
The majority of chief financial officers expect the COVID-19 pandemic to hit their businesses, cut into revenue and profit and spur a recession, according to a survey by PwC.
PwC’s survey polled 50 finance leaders from the US and Mexico between March 9 and March 11. The findings are a notable marker as the novel coronavirus pandemic hits businesses, disrupts supply chains and forces remote work and telecommuting as well as office closures. PwC said it will track COVID-19 finance sentiment every two weeks.
IT spending estimates have already been cut. On the bright side, 90% of CFOs are optimistic they can return to normal business operations quickly if the pandemic stops soon.
The high-level findings include:
Article source: https://www.zdnet.com/article/cfos-see-covid-19-novel-coronavirus-financial-hit-ahead-but-optimistic-about-recovery-says-pwc/#ftag=RSSbaffb68