Woodhurst discusses the impact of Covid-19

Woodhurst discusses the impact of Covid-19

Luke Casey
by Luke Casey

At 8am on the first Friday of each month, Woodhurst gathers as a group to discuss a pertinent topic affecting financial services, consulting or digital transformation.  We call this early morning exchange ‘Woodhurst Discusses’ and it is usually fuelled with strong coffee and a croissant or two.  In January we settled down to discuss the impact that Covid-19 has had on the industry, our clients and on consulting.  We didn’t want to focus purely on the negative elements, such as lockdown or queues outside branches.  Instead, we wanted to find some positive changes which have, or will, occur as a result of the past 12 months.

Great disasters are often a catalyst for positive change.  The Great Fire of London in 1666 led to a comprehensive rebuilding effort, better building regulations and eventually a safer, cleaner city.  Covid-19 is a global tragedy which could yet become a stimulant for positive change across all of society.

The impact of Covid-19 on the Financial Services industry:

The impact of Covid-19 on our clients and their ways of working:

The impact of Covid-19 on the consulting industry:

The world has only just begun to scratch the surface of what a post pandemic workforce will look like.  There are certainly a huge number of opportunities for financial services organisations and their professional service partners.  However, everything needs to be carefully considered as the world of work is extremely different to what we were used to 12 months ago, and it is unlikely to revert to how it used to be any time soon.

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