COVID virus

How the Virus is Changing Businesses Worldwide. Are You Ready for Change?

A global pandemic.  What does it mean in a global economy?

Things are changing fast. There will not be a “normal” in a few weeks as we knew it.

The epidemic will change business relationships.

And since this site covers the financial services industry, it should impact portfolios and investment advice and communications.  No need for more happy-talk client letters. Your clients will not believe you.  Or, if you just stick to the same old client advice, your client will know you are out-of-touch or not authentic. Your firm’s and personal credibility will be at stake if you stick to the old “things will be alright soon” and “market rebound” message.  Your clients know that will not happen.

So, be creative. Be flexible. Many businesses will have to re-invent themselves.

Here are the articles on the changes that are happening now:

From the Wharton School:

https://knowledge.wharton.upenn.edu/article/post-crisis-world-changes-coming/?utm_source=kw_newsletter&utm_medium=email&utm_campaign=2020-05-05

https://knowledge.wharton.upenn.edu/article/apocalypse-supernova-pandemic-changing-u-s-retail/?utm_source=kw_newsletter&utm_medium=email&utm_campaign=2020-05-05

From Politico:

https://www.politico.com/news/magazine/2020/03/19/coronavirus-effect-economy-life-society-analysis-covid-135579

Business Statistics:

https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/

STATISTICS ON THE TOPIC:

From Accenture and McKinsey Consulting:

https://www.accenture.com/us-en/about/company/coronavirus-business-economic-impact

https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business

From a Global Perspective:

https://www.aljazeera.com/indepth/opinion/impact-coronavirus-compare-great-depression-200420070542882.html

World Economic Forum:

https://www.weforum.org/agenda/2020/02/why-is-coronavirus-a-global-business-risk/

 

Most Americans Say Coronavirus Outbreak Has Impacted Their Lives

 

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Chuck Epstein

Chuck Epstein

Chuck Epstein has managed marketing communications and public relations departments for major global financial institutions and participated in the launch of industry-changing financial products. He also has written by-lined articles for over 50 publications, five books and served as editor and publisher of nation’s first newsletter on the topic of using the PC for personal investing and trading. (“Investing Online, 1994-1999). He also is a marketing consultant, writer and speaker on topics related to investor protection and opportunities in the very dynamic cannabis industry.

He has held senior-level marketing, PR and communications positions at the New York Futures Exchange, Chicago Mercantile Exchange, Lind-Waldock, Zacks Investment Research, Russell Investments and Principal Financial.

He has won national awards from the Mutual Fund Education Alliance (MFEA) and his web site, www.mutualfundreform.com, was named best small blog in 2009 by the Society of American Business Editors and Writers (SABEW).

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