Business Impact of COVID

Related Expertise: Leadership Development, Public Sector, Health Care Payers, Providers, Systems & Services

The Business Impact of COVID-19

The world has changed forever. Organizations that embrace this new reality—and reimagine how to operate in it—will outperform and outlast the competition.

    It’s unclear when the pandemic will come to an end. But its effects on business and society are increasingly clear to leaders everywhere. Topics that were considered almost niche just two years ago—such as hybrid working models, remote-collaboration tools, and employee vaccination status—have risen to the top of executives’ agendas. Even those long-term hallmarks of business strategy, like innovation and resilience, have taken on a new tenor, and new urgency, in today’s uncertain landscape. The business impact of COVID-19 is far-reaching and deeply felt in every industry. The challenge for organizations is to weather the current storm while charting a course for the future. BCG’s insights are intended to help leaders on this journey.


    BCG Executive Perspectives Special Edition: Is Omicron Signaling a Shift to Endemic COVID?

    Is Omicron Signaling a Shift to Endemic COVID

    If the latest variant has taught us anything, it’s that we’ve still got a ways to go in the fight against COVID-19. Though it is less severe than previous variants, Omicron has dwarfed previous peaks quickly because of its high transmissibility. The good news is that we as a society have learned from the past two years and, armed with vaccines and increased public health measures, have it within our power to reduce hospitalizations and deaths. Still, we need to be ready to live with COVID in the years ahead. Managing this coexistence will require governments to accelerate their support for global equity in testing, vaccine distributions, and therapeutics. Businesses, for their part, should continue to work closely with the public sector in the interest of public health and safety. Explore our full analysis about the effects of COVID-19 over the last two years in our BCG Executive Perspectives series.

    Creating a Healthier World

    Vaccines are the best chance we have in putting a stop to the pandemic. For this reason, combatting hesitancy and promoting distribution are paramount. But the fight can’t stop there. The pandemic has shown that every organization has a meaningful role to play in bringing about a healthier and more equitable future for all.

    Building-Health-Tech-Advantage-hero-rectangle (1).jpg
    Article

    Building Health Tech Advantage

    To deliver superior outcomes at scale, companies need to invest in ecosystems. Forging strong connections with patients and partners will be key.

    The COVID-19 US Vaccine Sentiment Series
    Collection

    The COVID-19 US Vaccine Sentiment Series

    As the vaccine rollout continues across the United States, BCG is surveying individuals to learn what’s preventing or discouraging people from getting their shots and to uncover the insights that will help business and government chart a path to the postpandemic future.

    Thinkers & Ideas Podcast

    Moonshot with Dr. Albert Bourla

    Dr. Albert Bourla, chairman and CEO of Pfizer, discusses his new book Moonshot: Inside Pfizer’s Nine-Month Race to Make the Impossible Possible, chronicling the creation of a high efficacy, safe, and producible-at-scale mRNA vaccine within a tenth of the expected time.

    Thinkers & Ideas presents inspiring and thought-provoking conversations with leading thinkers about influential ideas on business, technology, economics, and science. Hosted by Martin Reeves, chairman of the BCG Henderson Institute, and Philipp Carlsson-Szlezak, global chief economist of BCG.

    LISTEN NOW

    Rebuilding Work for the Future

    Perhaps the biggest business impact of COVID-19 has been to show us that the old ways of working aren’t working today. They certainly won’t work tomorrow. It’s high time for organizations everywhere to rethink their business models, talent, operations, and more.

    Decoding Global Talent Collection of Publication and Reports
    Collection

    Decoding Global Talent

    Making a decision to pursue work abroad is in some ways very individual: a person’s life circumstances, education, and work experience all play into it. But there are larger forces too, including economics and immigration politics.

    The-So-What-Podcast-Hero

    The So What from BCG: A Business Strategy Podcast

    From COVID-19 to social inequity, this business strategy podcast series looks around business and social trends and ideas that will disrupt the future.

    Crafting a Long-Term Business Agenda

    The prepandemic playbooks won’t cut it anymore. Businesses have to radically reimagine their strategies to account for the formative business impact of COVID-19. They must be ready for whatever challenges and crises lie ahead—and prepared for reinvention in their wake.

    Priorities for the C-Suite in 2022
    Collection

    Priorities for the C-Suite in 2022

    CEOs face complex disruptions—climate change, rapid advances in technology, and the ongoing pandemic, to name a few. Where should they focus? BCG experts share their thoughts on an agenda for the future.

    Investor-Pulse-Survey-Hero_tcm-244739.jpg
    Collection

    BCG Investor Perspectives Series

    BCG’s latest research finds investors increasingly bearish on the economy and the stock market—and they want businesses to focus on both liquidity and long-term advantage.

    Meeting Consumer Demands

    What matters most to consumers today? What will matter most tomorrow? Answering these questions is no small feat in such a rapidly changing environment. Businesses that are able to monitor and meet consumer needs will maintain the competitive edge—and build long-term relationships for the future.

    The Consumer Sentiment Series Rectangle
    Collection

    The Consumer Sentiment Series

    The late summer rise of the Delta variant in the US has reduced optimism, but participation in various activities has actually increased since May.

    Person holding leaf up in front of cliffside ocean view
    BCG EXECUTIVE PERSPECTIVES

    The Future of Sales and Marketing Is Here

    Today, people are spending more time—and more money—online than ever before. Consumers are expecting the quality of their experiences to grow alongside their engagement, and businesses are rising to the challenge.

    How to Meet Customers’ Needs in Uncertain Times
    How to By BCG

    How to Meet Customers’ Needs in Uncertain Times

    Customers’ needs and preferences are changing at lightning speed. Simply tracking sales trends is no longer sufficient to serve customers and stay competitive. Businesses need real-time insights into the nuances of customer behavior.

    protected by reCaptcha

    Subscribe to read our latest insights on next-gen work.

    Featured Insights

    SUBSCRIBE