Webinar, Fireside Chat, Panel
The World Post COVID-19: Silver Linings for Business - Conference Call Series
Milken InstituteLaura Deal Lacey, Oriel Morrison, Raj Ganguly, Magnus Grimeland, Chatri Sityodtong, Laura DeLacy
- The Milken Institute will host weekly Friday conversations at 8:30 a.m. Singapore time via its Asia Center, launch a "The Power of Ideas" article series, release podcast episodes on Spotify and Apple, and conduct a webinar next week with Gary Liu and Maria Ressa to discuss post-COVID transformations, work changes, and media roles.
- Business leaders and entrepreneurs are advised to pivot during the crisis, accelerate five-year plans into five-month plans, and target profitability within 10 months rather than pivoting into unfamiliar markets, as most firms currently focus on recession survival rather than rebound or reimagining.
- The current difficult era is projected to last 18 to 24 months characterized by stops and starts, during which approximately 90% of human behaviors like travel and hotel stays will eventually return, though some companies must build resilience for lasting changes in customer behavior.
- Significant market shifts are expected where business-critical entities will be distinguished from "nice to have" services, with telehealth, biotech, and edtech seeing surging demand that requires sustainability planning, while governments focus on securing food and medical supply chains over the next decade.
- Antler, a sister organization, plans to continue building companies over the next few months, having already created 60 firms in four months and facilitated capital raises for 10 companies in the last two weeks, utilizing available capital from $100 billion in recent venture funding.
- Chhatri Sidhathong plans to launch a global version of "The Apprentice" later this year contingent on open borders, while forecasting a vaccine availability within 18 months (potentially sooner) and drug treatments curing patients in five to seven days.
- Investment opportunities are highlighted by goldman Sachs data indicating 50% of business owners feared operation closure within three months, yet historical data suggests mean startup returns were highest in the prior 2008-2010 recession, with capital expected to flow to resilient businesses.
- Education is predicted to undergo decades of development in weeks due to tech limitations and parental realizations, potentially enabling global access to high-quality schooling, while some portfolio companies are acquiring talent, IP, and revenue at historically low prices.