TradeBriefs Editorial

From the Editor's Desk

CFOs Plan To Permanently Shift Significant Numbers Of Employees To Work Remotely - Survey

Finance leaders, scouring balance sheets for costs to cut, are considering reducing the need for office space by permanently shifting a portion of employees to working remotely, according to a survey released Friday.

Allowing employees to work from home, which was once considered a perk for senior employees or hotly sought after hires, is now a lifeline for countless companies hoping to keep operations running amid social-distancing measures aimed at slowing the COVID-19 outbreak.

It's becoming increasingly likely, however, that many workers, who have hastily converted guest rooms and breakfast nooks into home offices, won't return to company headquarters even after the public health crisis is over.

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TradeBriefs Editorial

From the Editor's Desk

Dharavi vs Virus

It was heartening to hear the stories of people from Dharavi fighting the spread of the virus. They took it upon themselves to help each other. Some residents pooled their resources to feed starving labourers. For many, the fear of death due to starvation is more real than the threat from the virus itself.

Local youth and leaders are organising food and other essentials for people as grocery stores are running low on supplies. Ration shops are being advised to take stock of listed mobile numbers and message ration card owners to come in allotted time slots. These precautions are being taken to prevent large gatherings of people in the narrow lanes outside these shops. Dharavi's multiple small scale manufacturing industries have diverted their resources to manufacturing masks that can be used during the crisis. These are all self-organized, local, user-driven responses to implement the mandate.

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TradeBriefs Editorial

From the Editor's Desk

Does COVID-19 Prove Women Are Best Suited to Lead in a Crisis?

There are many lessons to be learnt from the COVID-19 pandemic and one of them might be how the world is in desperate need of a greater number of women at the highest level of politics.

In the global fight against the Coronavirus, New Zealand and Germany are notable exceptions, with the former having almost completely "squashed" the virus after recording only one death, and the latter experiencing nowhere near the level of suffering that’s occurring in France, Italy, Spain, Russia, the Netherlands and the UK.

New Zealand and Germany are also notable for the fact that both have female leaders - Prime Minister Jacinda Ardern and Chancellor Angela Merkel, an all too rare reality in the sphere of international politics.

Ardern's handling of the crisis has been described as a "masterclass" in political leadership, with Professor Michael Baker - one of the world's leading epidemiologists - describing New Zealand as a "huge standout as the only Western country that's got an elimination goal" for the virus, while Merkel has been lauded for pulling out the "bazooka" against the threat.

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