thought leadership by Stéphane Tajick Managing Director Products at Global RCG
URBAN EXODUS IN THE POST-PANDEMIC WORLD
s we exit summer 2021, we hope to see the back of the pandemic. Although it’s continued longer than expected and may last even further, the investment migration world is clearly seeing the impact the pandemic has had and may continue to have in the next few years. Earlier this year, the World Economic Forum established a “Great Reset” effort which was a (much maligned and criticised) platform for world leaders to plan the recovery. Although the term “Great Reset” may be overused or misleading, one thing is certain: the pandemic has driven reforms across the board and in every industry. Businesses have had to make unanticipated technological leaps in order to automate their processes, reduce human interaction and increase productivity; the investment migration industry being no exception to this rule. Businesses that haven’t kept up with the times and technological advances may have found themselves falling behind their competitors. Bearing this in mind, it is no wonder that the pandemic has been the catalyst for innovation in green energy and other cutting-edge technologies. Likewise, governments have attempted to follow suit by investing money to jumpstart their economies and speed up these technological developments. Remote employment has carved out a niche for itself in that future, and it may have the greatest impact on the global economy and immigration sector. As a consequence, companies all over the world have begun to reduce their workplace space. Many fear a commercial real estate crisis as a result of the increased strain on retail establishments and eateries and whether or not that is the case, there is no doubt that the commercial
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