Description
Prior to the Covid19 outbreak, local brick and mortar commerce was suffering. The global economy rendered online shopping as desirable, economically viable and offered a greater array of products. Corporate mergers, a preponderance of low wage workers in retail and production widened an economic wedge between fulfillment center shopping and in-perrson purchasing.
This has been exacerbated prodigiously by the Covid lockdown. Obstacles in global supply chains and production-on-demand models precluded access to basic necessities. The ‘fear’ of shopping pushed the global population to purchasing and delivery apps. Small and large business models failed to prepare for the vagaries of an instantaneous global shutdown.
While disaster capitalism works for natural disasters, global shutdowns have no prior example. This class outlines which changes will become permanent and who the winners and losers will be.