The COVID-19 crisis has disrupted supply chains around the world. The last several months have seen massive drops in industrial production, widespread export restrictions, and renewed discussions on the need to rethink supply chain business models. Travel restrictions, lockdowns, and facility closures have also prevented certification of supplier practices and products. Our research has studied how technology can be […]
Moving entire offices to work from home has presented organisations with many and often unexpected challenges. Technology alone is not the solution; different approaches to leadership, communications and corporate policy are required to maintain productivity and staff wellbeing. For affected staff, balancing work with varied and escalating personal demands is a substantial ongoing dilemma.
My research to understand how members […]
The current health crisis, with its long-term repercussions on the political structure of countries, offers new avenues for researchers to understand how political systems interact with financial actors. The topic was recently discussed in the first London Political Finance (POLFIN) workshop, which reached an international audience of more than 200 scholars interested in the topics at the intersection of […]
COVID-19 has upended the world of work, but societal disparities have not changed. In fact, the pandemic has amplified gender, race, ethnic and socioeconomic inequities. East Asian communities are documenting a rise in racism, women are facing a disproportionate loss of jobs, and domestic abuse is on the rise. The pandemic is unevenly affecting people and nowhere is this […]
In the midst of the global COVID-19 pandemic, Sequoia Capital, one of the largest and most influential venture capital (VC) firms in the world, issued a grim letter of warning. They warned their portfolio companies of deals falling through, with slowing sales and a tough fundraising environment. They encouraged reducing expenses, spending “wisely” and “raising productivity” by reducing headcount.
What do Tesla and British Petroleum have in common? And how are Walmart and Patagonia similar? On most dimensions, these pairs of firms have little in common with one another—Tesla is widely recognised as a pioneering sustainability company, while BP has long been a target of environmental activism. Yet both companies have had a strong presence in the solar […]
The COVID-19 crisis led to severe restrictions in mobility across borders, concerning both individuals and goods. Borders were closed, international travel made almost impossible, and final and intermediate goods were unable to get from one country to another. Massive disruptions of global value chains were caused by inputs not being manufactured due to lockdowns or not being delivered.
While the […]
An important message throughout the COVID-19 crisis has been to “stay home”. Our analysis based on debit card purchase data until 15 June shows that this has a profound impact on where consumers spend their money. Cities have been hit hard, while in peripheral commuting zones, consumption expenditures have been even higher than in 2019. An interesting side-effect of staying […]
Many businesses across the world have already laid off their workers, furloughed them, or shortened their work hours. Governments have used a variety of job retention programs, most fashioned after the German Kurzarbeit program of the previous Eurozone crisis. These require massive budget allocations and are hardly sustainable over a longer period of time. Differentiated policies to deal with […]
The UK is largely seen as a ‘service-based’ economy, which means that services – such as financial, legal, research & development (R&D), real estate and so on – account for the bulk of economic output and employment. Manufacturing, on the other hand, only formally accounts for around 10% of the economy and 9% of employment.
However, manufacturing’s importance for the […]
“Never let a crisis go to waste!”, People may say this when facing some sort of significant challenge, and trying to turn it to their advantage. As COVID-19 has become a global crisis, it presents enormous opportunities to some people. In fact, this crisis is no idle time for many entrepreneurs. They are among the first to offer and […]
The Covid-19 lockdowns brought a huge drop in demand for goods and services and unprecedented levels of excess productive capacity – idle factories, machines, and workers. Excess capacity is normally harmful, but there can be a silver lining. When machines and workers are idle, their time can be put to alternative uses. In a healthy economy, time spent on […]
Fiscal crises such as the one spurred by the COVID-19 pandemic motivate regulatory reform, which in turn can speed up the economic recovery. Past evidence suggests that this acceleration takes place through two main channels: new local entrepreneurship and increased foreign direct investment (FDI).
Entrepreneurship is critical for the continued dynamism of the modern economy, as forcefully argued by Austrian […]
While remote working has been available to many employees for many years, the COVID-19 pandemic has clearly accelerated its scalability beyond what could have been imagined. From our research in Australia, most organisations had only a specialised few or no employees working from home before the pandemic. Over the last two months, however, these organisations have had to make […]
In the last few weeks, CEOs of large American companies have publicly condemned the death of George Floyd while in the custody of the Minneapolis police. In the last few years, CEOs have been increasingly speaking on social issues, which are not directly related to their core business interests. Why are CEOs speaking on social issues, and what are […]