COVID-19 Pandemic and the Tech Industry.

April 8, 2020
5
Minutes Read
Faisal Rashid
COVID-19

The impacts of COVID-19 are having a big impact on the technology market, impacting the availability of raw materials, disrupting the value chain of electronics and generating an inflationary risk for goods. More positively, the disruption has caused remote work to intensify, and a fast emphasis on assessing and de-risking the end-to-end value chain. Furthermore, possible reductions in carbon emissions may result in a renewed emphasis on sustainable practises.

Most businesses do have business continuity plans, but those do not completely address an outbreak's fast-moving and unpredictable variables such as COVID-19. Following events such as natural disasters, cyber attacks and power outages, among others, traditional contingency plans are intended to insure organisational effectiveness. Generally, the widespread quarantines, extended school closures and added travel limitations that could arise in the case of a global health emergency are not taken into account.

We need to shed light on how technology can and will find solutions for many of these scenarios. More and more opportunities are arising due to this pandemic and appropriate authority should identify and facilitate these opportunities.

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