A seismic shift globe and mail

You're referring to the article "A seismic shift: How the pandemic is reshaping the global economy" published in The Globe and Mail.

The article discusses how the COVID-19 pandemic has brought about a significant shift in the global economy, with far-reaching consequences for businesses, governments, and individuals. Here are some key points from the article:

  1. Global supply chains are being reevaluated: The pandemic has exposed the vulnerabilities of global supply chains, leading companies to rethink their reliance on distant suppliers and consider more local and resilient options.
  2. Remote work is here to stay: The shift to remote work has accelerated, and many companies are realizing that it's not just a temporary solution but a long-term reality. This has implications for urban planning, transportation, and the way we design our cities.
  3. E-commerce is booming: The pandemic has driven a surge in online shopping, with many consumers turning to e-commerce as a safer and more convenient way to shop. This has created new opportunities for online retailers and logistics companies.
  4. The rise of the gig economy: The pandemic has accelerated the growth of the gig economy, with more people turning to freelance or contract work to make a living. This has implications for employment, taxes, and social benefits.
  5. Government policies are being reevaluated: The pandemic has highlighted the need for governments to rethink their policies on issues like taxation, regulation, and social support. Governments are being forced to adapt to a new reality and find ways to support their citizens in a rapidly changing world.
  6. The importance of resilience and adaptability: The pandemic has shown that businesses and individuals need to be more resilient and adaptable in the face of uncertainty. This requires a willingness to pivot and adjust to changing circumstances.

Overall, the article argues that the pandemic has brought about a seismic shift in the global economy, with far-reaching consequences for businesses, governments, and individuals. As we navigate this new reality, it's essential to be adaptable, resilient, and open to change.