In addition to the surge in demand for public health care systems, the immediate impact of Covid-19 has led to massive demand for video conferencing, digital collaboration tools, e-commerce activities, electronic payments and delivery services as millions of people work from home. At the same time, many industries have been hard hit including airlines, hotels, restaurants, but also the retail industry, entertainment industry, sports, which ground to a halt and are not expected to return to pre-pandemic levels any time soon. Other industries that have suffered include crude oil, construction, real estate, travel and transportation. The knock on effect has been a significant loss in jobs and employees being put on furlough.
In the education sector, governments are prioritising the return to normal school for children whereas the situation for higher education is somewhat different. Several universities have announced different modes of learning.
For example, Cambridge University has announced that lecture style teaching will be online for the next academic year with only seminars and small groups being taught in person. There are already signs that management education is gravitating towards increasingly flexible, modular programs with some MBA programs already converted to online only delivery.