Despite the harmful effects produced by the pandemic (COVID-19), no company has been able to discover the magic formula to solve the problems brought by COVID-19. Regardless of this, it is important to examine some trends that we present below:
Cybersecurity: During the implementation of remote work, high-tech crimes become more vulnerable than ever. For this reason, cybersecurity experts are advising companies to focus even more on protecting their data. If they have not done so already, they should definitely consider incorporating cybersecurity expertise into their budgets for the times to come.
Business Bankruptcy: The business restrictions and rigid measures implemented by governments in response to the pandemic have marked a growing problem in the economic development of the private sector. This is likely to continue and the availability of subsidies by the State has a deadline. Some suggestions would be: cut expenses and postpone them, renegotiate with suppliers, seek short-term financing and redesign the business model to the current reality.
Timely Information Management: The lack of timely information is a constant rule in the life of every business owner, especially in times of crisis. This must be mitigated by maintaining visibility in the implementation of laws and public policies related to their sector. For this reason, it is recommended to actively participate in business associations relevant to their economic activity and maintain a presence in the working committees of the Government and the National Congress. In this way, companies can be agile when making an important decision and be ready to address the challenges and opportunities that lie ahead.
