American businesses are increasingly examining their supply chains to reduce their reliance on Chinese sourcing. This was catalyzed by the trade war between China and the U.S., and accelerated by the coronavirus (COVID-19) pandemic.
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However long the COVID-19 pandemic lasts, individuals’ degree of comfort with re-engaging socially will take much longer to reach its pre-COVID-19 level, with the recovery period varying by individual and by region of the country.
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Whether the changes that the COVID-19 outbreak have wrought are permanent or not, they will surely not be fleeting. Operating your financial practice in the wake of COVID-19 will mean re-evaluating every aspect of how you conduct your business.
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