The coronavirus pandemic is an unprecedented situation that left scratches on many facets of the global economy. Both the supply and demand sides of most markets were severely affected causing many firms go bankrupt. Global supply chains were disrupted revealing how inflexible and dependent they became. Social distancing changed the way people work and interact with each other. Although working from home office was perceived as potentially reducing productivity, the pandemic showed the opposite.

Consequences of the pandemic are still a big challenge to many firms, but also an opportunity to rethink and redesign organizations, working modes and to make the supply chains more flexible and robust to cope with unexpected shocks. Luckily, the existing body of knowledge (not only economics), if applied wisely, can help make firms and economies stronger in the future than ever.