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THE onset of catastrophic events has always kept the world at a standstill at one point or another. This was particularly the case when the dreadful coronavirus disease 2019 (Covid-19) pandemic hit. Economic growth slowed while companies grappled with the underlying financial impacts of this event. When the health crisis wreaked havoc, it left businesses rethinking their operational and leadership strategies. Amid all the repercussions of the pandemic and other catastrophic worldwide events, a new concept is gradually becoming the new business reality - sustainability.

Back in the day, the image of the future was filled with caricatures of flying cars and robots. Pop culture in the 70s and 80s promoted future society to be one that is advanced in all aspects – from transportation and entertainment to the world of work. Surely, these were not accurate predictions, as we are still eons away from using flying cars. What absolutely changed was the way we do things.

Quarantines, lockdowns and travel restrictions. These pushed businesses to resort to work-from-home arrangements in the wake of the coronavirus disease 2019 (Covid-19) pandemic. What gradually unfolded was an experimental dabble in the way we work. Suddenly, we found ourselves reliant on technology and virtual platforms like Zoom to ensure that work deliverables are completed.

In recent years, the way banks operate has been shaken by the revolution led by fintech giants and independent digital currencies. It is hard to overstate the consequences of this revolution and to understand them, we have to go back to the fundamental principle of banking – the “art of making money” or fractional-reserve banking.

AS businesses wade through the new landscape, boosting digital transformation initiatives, improving work-from-home arrangements and securing data from cyberattacks are just some key areas of focus of most companies. Against this background remains an age-old issue that organizations continue to face and address - fraud in the workplace.

At this point, most companies are now aware of how the pandemic changed the world of work from 2020 and beyond. One of the main adjustments companies made is implementing work-from-home arrangements and business leaders scrambled to adapt to the needs of their workforce.

With the rapidly changing technology and the constantly changing needs of today’s learners, the traditional face-to-face approach is swiftly losing its significance and becoming less feasible in the new normal.

Several sectors of the Philippine economy are still grappling with the effects of the coronavirus disease 2019 (Covid-19) pandemic. While e-commerce providers continue to gain ground during the new normal because of the nature of their services, other industries like travel and retail are still addressing challenges following the onset of the global health contagion.