Large multinationals are very busy handling the coronavirus crisis. Behind the scenes, however, company strategists are considering what the world will look like after the coronavirus crisis. “I do foresee some major trends. We will see consolidations in aviation, travel, and in the hotel sector. But small tech companies could also get hit because the cash flow dries up. Hospitals are going to cooperate more. They have to do that now more than ever, but they've been battling with costs for a long time.
For Wolters Kluwer, I see an acceleration of working in the cloud because of this crisis. A country like Germany is not yet as developed as it should be in that field. That will give us some business. Everyone has also been focused on growth in recent years. This is going to change now.”
The pandemic also brings certain opportunities to companies. “As Wolters Kluwer, we need to make the pitch that companies and institutions can work faster, better, and cheaper with our products. And I expect more regulation from the government. That's good for Wolters Kluwer, because we provide in-depth information about this,” Atul concluded.