How Coronavirus Will Change The World (Once Its Controlled)

[Jim Lahey]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only), despite the arseholes last weekend who have hopefully now seen the errors in their ways
-Deflation in asset prices propped up by loads of funny money (I’m aware more funny money is coming with the stimulus but for a short period homes and other assets should be cheaper)
-The NHS’ reputation and respect for its workers will increase dramatically
-People learning to live more frugal
-People re-prioritising their health
-Lockdown might be a good opportunity for working parents to hang out more with each other and their kids

Negatives:
-death and illness of elderly loved ones
-fear of bodily contact with others eg. Hugging and kissing as greetings
-hypersensitivity toward people with the common cold
-a lot of good companies will go tits up
-sport is in flux
-kids have missed school for 3 or 4 months
-projects/jobs have been put on hold
-divorce rate sure to go up due to lockdown

[assfly]

International travel will surely change. Health screening at airports will probably remain in place, and business travel will possibly decrease once companies realise how much can be done online.

[Caley_Red]

Most important lesson is that company's will look at their global supply chains and change their procurement procedures to reflect a greater bias toward home grown firms.

The byproduct of that is a weakened China, which can only be a good thing in my view.

[DragsterDriver]

International travel will surely change. Health screening at airports will probably remain in place, and business travel will possibly decrease once companies realise how much can be done online.

Yep, far less flying. Add it to the Greta thing.

Less commuting.

Repatriation of manufacturing, pay a little more but keep it in house.

China will get hammered on all fronts.

A lot of people will change their priorities for the better I think.

[backrow]

Not sure common cold (sneezing) would have an effect as it’s not a symptom of the virus ? Unless you feel people are so stupid or just will be hyper sensitive and worry about all illnessnes not just the virus?

And kids are not missing all learning , just the being at school socialising part - May actually help the learning of some kids who are distracted and prefer online methods of education.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes , or pension, when they can spend time with family on holidays and such.

[DragsterDriver]

Serious danger of agreement here.

[assfly]

Most important lesson is that company's will look at their global supply chains and change their procurement procedures to reflect a greater bias toward home grown firms.

The byproduct of that is a weakened China, which can only be a good thing in my view.

That will vary considerably depending on the region. Some may prefer that, but economically the numbers will dictate that things go back towards China.

Africa will continue to trade with China, and even now we're placing orders with them as our European suppliers are all closed. I'm sure China is going to quite well in the coming weeks.

[J Man]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse.
- We love cheap shit - we will still manufacture everything in China.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes ,

The panic buying has shown that people are still waste money on shit.

[J Man]

Not sure common cold (sneezing) would have an effect as it’s not a symptom of the virus ? Unless you feel people are so stupid or just will be hyper sensitive and worry about all illnessnes not just the virus?
.

Yes, people are stupid. Every cough/sniff now marks you out as a terrorist.

[ID2]

More health checks and screenings at airports which will make them even worse than they are now.

Globalisation will take a big hit as countries look to keep manufacturing of key resources at home.

China will probably take a hammering as companies and countries look to move away from throwing all their eggs in that basket and public sentiment turns to anger instead of just the occaisional tweet

We're heading for a big recession, possibly as bad as 1929. Increased nationalism at the least, full blown revolutions can't be ruled out in some countries if they get hit hard. We're still seeing the effects of 2008 imo, this is going to pile it on.

Possibly less people dying of the normal flu and viruses every year as people take hand washing and other precautions more seriously.

Some countries will continue to monitor their citizens more. Hong Kong has given people bracelets to make sure they don't leave their quarantine zone, other countries in Asia at least have similar phone tracking going on.

We might see masks become prevalent in the west.

[DragsterDriver]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse.
- We love cheap shit - we will still manufacture everything in China.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes ,

The panic buying has shown that people are still waste money on shit.

I don’t know that panic buying pasta shells to eat compares with Armani t shirts and other frivolous items.

[happyhooker]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse.
- We love cheap shit - we will still manufacture everything in China.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes ,

The panic buying has shown that people are still waste money on shit.

I don’t know that panic buying pasta shells to eat compares with Armani t shirts and other frivolous items.

Sports direct certainly think so! Bellends.

[Winnie]

A new threat to our security
If I were a mad terrorist organisation that hated the west I’d be very interested in how much chaos a virus can cause

[J Man]

We might see masks become prevalent in the west.

That'll be weird - I hope not.

[MungoMan]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

[Bindi]

Positives:

Rise of stronger social democracies as people see the importance of safety nets. The absolute failure of rampant capitalism to deal with externalities will take a hundred years to forget.

Negatives:

Concurrent rise of the far Right, with the blame of the all problems associated with the virus shifted to the 'other', whoever that may be. Could be nasty. Expecting to see Seneca calling for public executions by the end of the week.

[DragsterDriver]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse.
- We love cheap shit - we will still manufacture everything in China.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes ,

The panic buying has shown that people are still waste money on shit.

I don’t know that panic buying pasta shells to eat compares with Armani t shirts and other frivolous items.

Sports direct certainly think so! Bellends.

It’s been sunny here, I don’t fancy tackling the nice weather without a new Tap-Out T-shirt.

[DragsterDriver]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

You’ll get swarmed.

[Jim Lahey]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

You’ll get swarmed.

True.
One does not simply question the divine right of the EU.

[Nolanator]

Better general awareness of health amongst the public will be good.

[assfly]

I'm sure this period we're living through right now is going to spawn a whole new sector of studies. There isn't a single field that isn't being effected by this. International relations, medicine, business, the arts and humanities.

[deadduck]

Most important lesson is that company's will look at their global supply chains and change their procurement procedures to reflect a greater bias toward home grown firms.

The byproduct of that is a weakened China, which can only be a good thing in my view.

What's "home grown" for a multi-national?


What may happen is that instead of having these large scale linear supply chains you end up with a more cellular supply chain where there are multiple redundancies to spread the risk. Which of course, will increase costs.

[Enzedder]

Most important lesson is that company's will look at their global supply chains and change their procurement procedures to reflect a greater bias toward home grown firms.

The byproduct of that is a weakened China, which can only be a good thing in my view.

Until the shareholders start demanding better dividends.

Profit forecasts have a short memory

[ID2]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

Can't see those because it's behind a payway, but there definitely will be a threat to the EU. I hope we weather it, but there's going to be increased nationalism and questioning of open borders. The EU leaders were shown to be out of touch at the start with some of their statements too (which I can't remember for some reason but I remember them taking the wrong tack entirely). If Italy is shown to have had it's cases imported because of open borders after stopping their flights to China early there'll be a backlash. Germany seems to be taking some patients from Italy but it's basically been every country for itself so far, and understandably so

[Mick Mannock]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse.
- We love cheap shit - we will still manufacture everything in China.

I would also add that people will re adjust their life priorities perhaps and not waste time and money on the right postcode, car or clothes ,

The panic buying has shown that people are still waste money on shit.

You think all the empty properties resulting from mass evictions will be in mass demand from people without the incomes to buy them?

[Lobby]

A change in focus in the West from efficiency in business and services towards greater robustness. This will mean less reliance on ‘just in time’ supply chains, and more resources to public services to provide some slack in the system, so they are able to respond to emergencies.

[MungoMan]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

You’ll get swarmed.

True.
One does not simply question the divine right of the EU.

[MungoMan]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

Can't see those because it's behind a payway, but there definitely will be a threat to the EU. I hope we weather it, but there's going to be increased nationalism and questioning of open borders. The EU leaders were shown to be out of touch at the start with some of their statements too (which I can't remember for some reason but I remember them taking the wrong tack entirely). If Italy is shown to have had it's cases imported because of open borders after stopping their flights to China early there'll be a backlash. Germany seems to be taking some patients from Italy but it's basically been every country for itself so far, and understandably so

[MungoMan]

Positives:
-companies being more flexible with working from home
-the creation of a bit of national solidarity after Brexit (UK only)

Another change could be a re-evaluation of the EU project, should these these two articles from Der Spiegel foreshadow similar concerns amongst a decent chunk of EU residents.

https://www.spiegel.de/international/eu ... e6795a4d20

https://www.spiegel.de/international/eu ... 48861a4e86

Can't see those because it's behind a payway, but there definitely will be a threat to the EU. I hope we weather it, but there's going to be increased nationalism and questioning of open borders. The EU leaders were shown to be out of touch at the start with some of their statements too (which I can't remember for some reason but I remember them taking the wrong tack entirely). If Italy is shown to have had it's cases imported because of open borders after stopping their flights to China early there'll be a backlash. Germany seems to be taking some patients from Italy but it's basically been every country for itself so far, and understandably so

Apologies. Here in Straya the international edition (in English) isn’t paywalled if you click on ‘continue with adblocker’.

[backrow]

Most important lesson is that company's will look at their global supply chains and change their procurement procedures to reflect a greater bias toward home grown firms.

The byproduct of that is a weakened China, which can only be a good thing in my view.

Until the shareholders start demanding better dividends.

Profit forecasts have a short memory

This

On thing I do have a problem with, is companies for financial reasons trying to reduce their working capital as some kinda of mantra for success. I totally get it for food production which has a shelf life, or high tech that gets obsolete quickly , or large complex items like cars - no point having too much inventory if it will get wasted by going off / becoming unsaleable old shite / physically taking up too much space.

But in the case of something low tech , small, cheap , that doesn’t go off like a hazmat suit or a mask or a ventilator puffer to aid breathing , it does seem daft to me that hospitals and the like do not have some offsite storage where they can just keep these benign things in case of emergency. For companies, it could be the equivalent of not having just one machine in the UK that makes CO2 (last years beer shortage) type critical supply chain links.

I can see the wiser households in future having their own ‘Armageddon stash’ of stuff that doesn’t go off hidden in the loft. And it would include bog roll !

[Nolanator]

We work with a company that my boss co-founded and splits his time with. Shared office and lab space with one of their teams. They make batteries.

One of the managers was saying that they could last almost 18 weeks without resupply of lots of raw materials, so they weren't too fussed about their supply chain being interrupted at the moment. Brexit planning became their Coronavirus plan.

Mind you, I think they've all been sent home now.

[HKCJ]

Estate agents will rebrand small essentially useless spaces as ‘stockpiling rooms’

It will be commonplace to have an emergency kit in the house 90% of which comprises bog roll.

Companies will have contracts where you have to have worked for more than a year say to qualify for salary in the event of national lockdown.

[backrow]

We work with a company that my boss co-founded and splits his time with. Shared office and lab space with one of their teams. They make batteries.

One of the managers was saying that they could last almost 18 weeks without resupply of lots of raw materials, so they weren't too fussed about their supply chain being interrupted at the moment. Brexit planning became their Coronavirus plan.

Mind you, I think they've all been sent home now.

Yes , brexit will have inadvertently helped the uk by increasing inventory . Unfortunately as we’ve now left the Eu firms were busy reducing their inventory on ‘A-skus’ (ie their important stuff) for financial reasons as well as practical ones (their own storage warehouses were at max capacity). Larger firms also temp rented expensive storage such as lorry trailers sitting in a carpark.

[happyhooker]

Estate agents will rebrand small essentially useless spaces as ‘stockpiling rooms’

It will be commonplace to have an emergency kit in the house 90% of which comprises bog roll.

Companies will have contracts where you have to have worked for more than a year say to qualify for salary in the event of national lockdown.

Oh yea, what happened with the new job?

[J Man]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse..

You think all the empty properties resulting from mass evictions will be in mass demand from people without the incomes to buy them?

Only the top 1 percent needs to buy them.

[Edinburgh01]

My wife is a partner in an accounting firm. Until now they made a virtue out of having no assets other than some cash in the bank which is enough to smooth the ups and downs of cashflow. The partners essentially took all the profit out every year.

Suddenly the partners have had to slash drawings and may have to inject capital. It has focused their minds on the need for building capital in the business in the good times to draw on when times are bad.

[Edinburgh01]

- Artificial money being pumped into the supply will lead to massive inflation in house and share prices in 5 years time. Money gets siphoned upwards. Wealth inequality will get wwwaaaayyy worse..

You think all the empty properties resulting from mass evictions will be in mass demand from people without the incomes to buy them?

Only the top 1 percent needs to buy them.

We have cash sitting in the bank. We considered buying shares, but we are waiting till this blows over in the expectation that there will be bargains to be picked up across asset types.

We know others doing similar. This will tend to lead to a further concentration of wealth where those already asset rich increase their assets holdings.

It is not hard to see this causing resentment.

[iarmhiman]

I can see terrorists turning to biological warfare as that now scares the crap out of us.

Public health systems will improve

More working from home. Companies will move to hot desking

[backrow]

I can see terrorists turning to biological warfare as that now scares the crap out of us.

Public health systems will improve

More working from home. Companies will move to hot desking to

Like shitting in pools ?

But seriously , hot desking might be an awful idea if everyone touches each other’s chairs, keyboards etc

[iarmhiman]

I can see terrorists turning to biological warfare as that now scares the crap out of us.

Public health systems will improve

More working from home. Companies will move to hot desking to

Like shitting in pools ?

But seriously , hot desking might be an awful idea if everyone touches each other’s chairs, keyboards etc

Thats true