How did governments deal with digital tools in their battles against the epidemic? Did any country fare significantly better than others? In the long run of the pandemic, Germany has made several important decisions and developed relatively successful procedures to manage the COVID-19.
In response to an unprecedented global pandemic, our client – one of the pharma industry leaders- set out to develop, test, mass produce and organize the global distribution of a COVID-19 vaccine.
Availability of ICUs is one of the key factors to keep the death toll as low as possible. ICU-M has been one of the reasons Germany has been managing the pandemic relatively well, keeping the number of deaths per 1M population at the low end compared with other EU states.
The COVID-19 pandemic is a phenomenon that drastically impacted the functioning
of societies, markets and the business world all over the world. It keeps growing in scale,
and the effective curbing of the virus's spread is yet to come.
Companies have picked up the speed of the digitization process by three to four years, with the share of digital or digitally enabled products in their portfolios being accelerated by seven years. This rapid pace is perfectly justified, as an effective transformation into digital has become necessary for the survival of many companies.
Scientists are working on new ways to develop vaccines, with the so-called reverse vaccinology (or Vaccinology 3.0) being one of the main trends. This method of vaccine development is fast, but it requires screening the entire pathogen genome. It's a world of huge volumes of data.
The current pandemic should become an impulse to prepare for future times of unpredictability. It could be an opportunity if companies consciously work with data and build a solid foundation for decision making. But it could also be a threat if data management is based on solutions that are poorly adjusted to the business model.
Business-wise, one of the biggest challenges in times of any crisis is to pay attention to crucial aspects of your company, strengthen the compliance division, and ensure it is ready to function in a disrupted, digitized world. Verifying all mechanisms which enable the company to function in disruptive environments is the first step to take.
How to design processes in companies to make sure that these risks will be mitigated not only on the organizations’ level, but in relation to subcontractors/vendors as well? The short answer is: risk profiling.
The computational power of quantum computers is just round the next corner. Much of the information on this subject is part of the PR game, but is the technology mature enough to help humanity to fighting the COVID-19 epidemic?
It is crucial nowadays for companies to do everything they can to maintain business continuity. This includes new work organization, with a massive turn towards telework/remote work and/or home office mode. Most of the market players it’s all new, and they are learning by doing. So are their employees.
As the coronavirus outbreak situation is developing across the Europe it is important we provide clients of our services and products an accurate and timely information on the status and mitigations steps C&F undertakes to avoid or limit the impact of the outbreak to our business.
These will naturally be different for different industries, and in their specifics also for different companies within one industry, but there is a common denominator they all share. Faced with an epidemic, any company may need to contend with (among others) the following scenarios: