Due to the coronavirus pandemic, a third of the world’s population is locked down. Millions of workers were on leave. Many have even lost their jobs. The economic consequences of the crisis cannot yet be fully predicted.
In the meantime, the corona virus has already affected every aspect of our lives. The way we work, how we deal with each other, how we shop, pay and how we do things in our free time – everything changed in a few weeks and months.
Also read: NASA engineers in the home office: what it’s like to control the Mars rover from home in the corona pandemic
To understand how the pandemic is transforming the business world, NewsABC.net spoke to 28 executives from different industries. We wanted to know from you: How will the way your company works will change due to the corona virus? How will your industry develop? And how will that affect the world?
Here you will find the answers from the most famous bosses in the world – from Brian Chesky from Airbnb, to Dara Khosrowshahi from Uber, to Julia Hartz from Eventbrite.
The bosses’ responses show that the pandemic primarily acts as an accelerator. Trends that emerged before the crisis are now being implemented in record time. “The future that we envisioned for 2030 has been catapulted into the present, with everything now being digitized as standard,” Tobias Lütke, boss of Shopify, told us.
28 CEOs explain: This is how the business world will look after the Corona crisis
Brian Chesky, CEO of Airbnb: “We used to travel a lot for work and have fun with screens in our free time. In the future, it will be the other way around. ”
Mike Segar / Reuters
Katia Beauchamp, founder and CEO of Birchbox: “Even digital brands will have to question their own status quo in order to adapt to this new normal.”
Courtesy of Birchbox
Matthew Prince, co-founder and CEO of Cloudfare: “We are trying to figure out how we can return better.”
The head of the cybersecurity company says he and his company do not strive to return to normal. Instead, it is about finding ways to start in a better and new reality.
Markus Steilemann, CEO of Covestro: “There may never be a better opportunity to tackle and solve global problems.”
Mike Parra, CEO of DHL Express America: “Many of our customers will say that they prefer contactless delivery.”
Courtesy of DHL
Julia Hartz, CEO of Eventbrite: “Overnight, organizers have converted their offline events into online events.”
James Park, Fitbit CEO: “The pandemic has accelerated the use of digital health technologies.”
Booonsri Dickinson / NewsABC.net
David Brickman, CEO of mortgage bank Freddie Mac: “The rumors about the end of office work and the radical change in life in the city seem somewhat exaggerated.”
Courtesy of Freddie Mac
Guo Ping, rotating chairman of Huwaei: “The pandemic has brought the problem of supply chain interruptions to the fore.”
Javier Quiñones, Ikea boss in the USA: “Problems such as climate change and a lack of equality are exacerbated in this crisis. We do our best to do our part to solve it. ”
Courtesy of Ikea
Stacey Cunningham, President of the New York Stock Exchange (NYSE): “One thing we will remember is how we dealt with each other in this time of need.”
Hollis Johnson / NewsABC.net
Dan Schulman, President and CEO of PayPal: “We will use much less cash in the future.”
Albert Bourla, CEO and Chairman of Pfizer: “The companies in our industry, all the other pharmaceutical and biotechnology companies, have moved closer together than ever before.”
Tim Ryan, CEO of PwC: “We should resist the urge to go back to business as usual.”
Steve Huffman, CEO of Reddit: “Even if we return to normalcy, this normalcy will not be the one we left behind.”
Martin Fritsches, CEO of Rolls-Royce in North America: “We see this as a time of discretion.”
According to Martin Fritsches, the corona crisis will change the way companies treat their customers. Above all, it will be much more about personal, albeit digital, contact. Especially in the luxury sector, in which Rolls-Royce can be classified.
Paul Hudson, CEO of Sanofi: “We need to apply the same sense of urgency to other acute but less obvious threats like climate change.”
Tobias Lütke, CEO of Shopify: “The future that we expected for 2030 has been catapulted into the present.”
Stewart Butterfield, CEO of Slack: “I hope that we can use the crisis as an opportunity to think about what kind of world we want to live in.”
Mark King, CEO of Taco Bell: “It is clear that the virus knows no limits. It showed us that the world is even smaller than we thought. ”
Vanessa Pappas, Managing Director of Tiktok in the USA: “Our need to develop empathy and to exchange ideas will continue long after the pandemic.”
Jerod Harris / Getty Images
Elie Seidman, CEO of Tinder: “The youngest users of Tinder, those from Generation Z, have expanded the way in which they build connections and maintain them.”
Dara Khosrowshahi, CEO of Uber: “We need partnerships between our governments to improve standards for the entire gig economy.”
Gig economy describes that part of the labor market in which the self-employed or marginally employed perform small work orders at short notice. For example with delivery services or transport services like Uber.
Richard Drew / AP
Doug McMillan, CEO of Walmart: “This crisis has made it clear that there are other people who fight on the front lines – tens of thousands of people who are normally not seen as heroes and heroes.”
Medical professionals, the police and the fire brigade can always be recognized by their uniform. Respect is paid to them. According to McMillan, this crisis has shown above all that employees in supermarkets also make an important contribution to the functionality of our society.
Danny Johnston / AP Images
John Krafcik, Waymo CEO: “We need strong leaders and a lot of international collaboration to help us treat our planet better after the crisis.”
Eric Yuan, CEO of Zoom: “The work from the home office and the use of video communication will occupy a larger place in the day-to-day business.”