COVID-19 and Site Selection in the Near and Long Term
July 9, 2020
Companies and communities are attempting to navigate through the current crisis, but as we emerge from the COVID-19 pandemic, how will corporate location strategy be affected in the near and long term?
Recessionary Forces
The level of damage to the economy will depend on the spread of the virus, the healthcare response to the virus, and the effectiveness of the government stimulus and aid programs. This was clearly exemplified in the analysis and research completed by McKinsey & Company in “Safeguarding our lives and our livelihoods: The imperative of our time.” The accompanying graphic contains the group’s projection of the recovery and what we see is that even the most optimistic scenarios show a shock to our economy that far exceeds anything we have experienced since WWII.
