Coronavirus: change agent

The Great Depression began in 1929, bottomed in 1933, and ended in 1939. The Great Recession began in December 2007, bottomed in March 2009, and ended in June 2009.

It’s too early to give this one a name. “The Great Disruption” would be my suggestion, but it was the title of Paul Gilding’s 2011 book about climate change, so it’s too late to give it that name.

On Wednesday, Bishop Mary Virginia Taylor mandated that all United Methodist congregations in the Holston Conference would be “closed” until further notice. Churches are scrambling to adapt by using the Internet as a venue for digital worship. That trend already was underway. The current coronavirus pandemic is hastening online worship.

The pandemic will speed up the demise of bank branches. It will accelerate restaurants’ takeout business. Yesterday a friend told me about a restauranteur who owns three restaurants in his town. The menus are simpler and the takeouts are coordinated to use a shared takeout location.

McKinsey & Company is providing solid insights about how this pandemic is changing the way we do business and they’re offering some excellent work about the question everyone is asking: How long will this last? McKinsey sees three possible scenarios for the economic impact. It’s called “COVID-19: Implications for Business.”

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