Staff Reporter
Karachi
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance Mian Zahid Hussain has said coronavirus changed the world forever and only those nations and businesses will survive amid new challenges which can adapt to the new realities.
Speaking at Global Online Innovation Summit 2020 organized by Institute of Research Promotion here on Monday, he said that the importance of online businesses as well as innovation is multiplying at a rapid pace and the world is seeking new ideas in every field.
Mian Zahid Hussain said that pandemic has left many businesses bankrupt while many new businesses have appeared on the horizon and the change will continue for decades. People move from homes to factories in eighteenth century and now many have moved from factories and offices to homes.
He noted that volume of global economy will be doubled in the next thirty years, automation will finish almost 70 million jobs but create 13 million new jobs.
The importance of digital technology cannot be over emphasized in the current scenario which will not only leave many semi-skilled workers jobless but also empower institutions to tackle poverty, hunger, health and education issues in a better way, the business leader added.
Mian Zahid Hussain said that Pakistani businesses need to innovate, introduce their products online and promote creativity within the organizations so that they can create effective processes, products, and ideas. It could mean implementing new ideas, improving services or creating dynamic products.
