The Pandemic's Impact on Business

Some of the big consulting firms are examining the past, present, and possible future impact of the COVID-19 pandemic on the business world.

Here's what they are thinking right now, in mid-2021:

• McKinsey: Many countries will see higher GDP growth in 2021, with key consumer behavior trends (like shopping online for groceries) continuing into the future.
• PWC: Global businesses surveyed said their crisis response management needs to be improved. 
• KPMG: CEOs are using scenario planning to understand how vaccine shortages and timing might affect their personnel, key functional areas, and supply-chain management.
• BCG: Business leaders are looking at hybrid working models with lessons learned from pandemic operations, and finding ways to adapt more quickly to crisis situations.