Join the k-shaped economic recovery with adoption of technology
Economist Dr David Skilling of Landfall Strategy Group argues that a k-shaped economic recovery is more likely than the v-shaped one often purported. Why K? The upper leg reflects those businesses that adopt technology in the workplace thus reducing physical effort and adding more virtual activity provided by technology platforms. So for instance, replacing paper based systems in a warehouse or old warehouse management systems with modern WMS software will allow firms in distribution not only to operate during lockdowns but will create greater efficiency and productivity during normal times. Regardless of industry, firms that invest in tech will reap a revenue growth and cost saving dividend more quickly and sustainably compared to those that don’t ending up on the lower leg of the k. For more on staying on the upper leg