World Economic Forum: COVID-19, Explore the latest strategic trends, research and analysis

COVID-19, the potentially deadly coronavirus that emerged in China in late 2019, poses a serious threat to vulnerable populations. It also presents a challenge to the global economy on par with the financial crisis that spread slightly more than a decade earlier, according to the Organisation for Economic Co-operation and Development. In the worst case scenario, a broad spread of COVID-19 may grind global growth down to 1.5% in 2020 – a sharp decline from the 2.9% increase registered for 2019, according to the OECD. Around the world, desperate efforts are underway to contain the spread of what has become a profoundly disruptive outbreak.

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How to navigate the transition to remote work during the COVID-19 pandemic

-More and more businesses are asking their employees to work from home during the COVID-19 pandemic.

-Here are some insights on how leaders make the most of remote working.

Remote working is increasing as a means of practising social distancing during the COVID-19 pandemic. Led by business in response to calls from the World Health Organization, it is having a daily impact in helping manage the novel coronavirus.

Remote working is an example of a business transformation that works on multiple levels. It serves the needs of individual employees, it provides businesses with new resilient and adaptive ways to engage with their ecosystem and deliver economic value, and it serves the larger community by addressing public health needs. With these mutually supportive returns, the rapid pivot to remote working demonstrates stakeholder capitalism in practice.

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