We should not expect that the resolution of the Covid-19 epidemic will be a return to a 2019 reality. Many organizations are understandably focused on reacting to and coping with the short term challenges presented by the unfolding epidemic.  A rebound of demand is inevitable, and using high-frequency data proxies for the movement of goods and people, production and confidence, we can see that it is already beginning to happen in China. In China, the stock indices of all sectors dipped sharply in parallel, but after this initial shock, different sectors recovered at different speeds. Some, such as transportation and consumer durables, continue to be depressed; most are already recovering to pre-crisis levels; and others, like software and healthcare equipment and services, have already exceeded their pre-crisis levels.  There is opportunity in adversity in every business. It may seem callous to stress opportunity in the midst of a humanitarian crisis, but leaders have an obligation to look ahead, to anticipate and meet new customer needs, to evolve their strategies and organizations, and in so doing sustain the prosperity of their enterprises.  Read More >>