The war on Covid-19 will be won in part by some of New Jersey’s strongest industries, many of which are directly involved in combating infectious disease or mitigating the effects of business disruptions. However, all businesses must be thinking of what the New Normal will look like for them. There may be opportunities to pursue based on the changes in social and economic activity that are already taking place. At the same time, businesses that rely on density should get a head start on re-thinking their models and potential mitigation efforts that will allow them to stay in business while they protect the safety of their workers and customers. The war On COVID-19 will be with us for some time, and with proper strategy, our broad business base will be as well.
“One thing is certain about the COVID-19 outbreak: When it recovers – and not for a long time – the state’s economy will not quite be what it was going into the global pandemic in February. That’s according to Tim Sullivan, head of the New Jersey Economic Development Authority…“Some of New Jersey’s strongest industries are going to be critical to winning the war,” Sullivan countered—pharmaceuticals, life sciences and biotechnology. “There’s going to be opportunities in a crisis.” Remote-learning technology – think Zoom – has boomed in recent months. Other cybersecurity and financial technology products can also see a large chance to grow in the coming year, as millions of people self-isolate for the indefinite future.”
Shared by Geoffrey G. Gussis, Esq., a business attorney and technology attorney licensed in New Jersey and New York. Learn more about me, the legal services I provide, and articles I have written. Contact: email@example.com or (732) 898-0549 for a free consultation.
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