Covid-19 has impacted work in the short term, but what will happen in the long term?
The impact of Covid-19 on work
In response to increasing restriction on travel, growing calls to embrace a more digital workspace and self-isolation protocols, global investment manager, Schroders is re-evaluating the necessity of many face-to-face meetings due to the Covid-19 outbreak.
Indeed, many businesses have moved to remote working and meetings and conferences are being switched to virtual ones.
Tools to facilitate meetings and conferences virtually are widely available and enable businesses to continue working productively during the pandemic.
It also means companies are forced to lower carbon footprint as air travel usage plummets and commuters stay at home.
The increase in remote working could, in fact, dramatically increase productivity – reducing all the unproductive time and cost associated with airports, planes, hotels and taxis.
The changing working landscape
Schroders reports that it did not see the trend they expected to 10-15 years ago when the technology for virtual meetings first became available, indeed, business travel has been a major growth industry for the aviation and high-end hotel business.
However, Covid-19 is changing this.
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