While the immediate economic shocks from COVID-19 have been dramatic, they likely will seem immaterial when compared to the deluge of tidal waves that have swelled up from the revolutionary innovations and permanent shifts adopted by businesses and consumers to cope with the crisis. Structural changes were well underway pre-crisis, but these secular trends in all likelihood will reshape global business forever because they actually accelerated during the pandemic.
Need proof? Consider that the coronavirus compressed two years’ worth of digital transformation into two months, according to multiple industry estimates.
You can read Investing in the next innovation supercycles here.