- Weeks of shelter-in-place provisions globally have caused a deep economic challenge, straining governments’ ability to save lives while safeguarding livelihoods
- Governments are now considering options and timing for a gradual re-opening, with the US being the most recent announcement.
- Many of these re-openings are occurring in very different environments. Some geographies are considering opening after they have plateaued, while others are seeking to return after additional verifications are complete (e.g., hospital capacity, testing capacity, other)
- These variations are driving concerns within businesses around risks associated with a return-to-work, and whether these risks can be adequately managed
- Additionally, COVID-19 has changed many realities for businesses. Remote first may be a goal achievable in months, consumers have structurally adopted digital channels, and the prospect of the largest economic recession since the second World War could quickly challenge the business
The section goes on to discuss ‘Return planning’ which is relevant to all Malaysians as we enter the phase of conditional MCO.
Download the report here (McKinsey & Co, April 24, 2020)
