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As the COVID-19 pandemic has brought companies to a standstill, the right technology can help capture reliable, up-to-date insights about maintaining supply during uncertain times.

The world is moving away from globalization toward islandization - a global operating environment characterized by a return of geopolitics, persistent macroeconomic uncertainty, protectionism, and a preference for local goods, services, and cultures. The proliferation of COVID-19 across the world fuels these dynamics of islandization and localization - both at the industry and consumer levels prompting changes that impact every sector in the business sphere. These effects are likely to prove lasting and may linger well after the virus has receded.

Big tech is one sector that is likely to change - and could emerge stronger than ever-as a result of these COVID-driven islandization trends. Following years of increased scrutiny from governments wishing to rein in and regulate the tech giants, perceptions of the industry appear to be shifting. Physical islandization at both the country and individual level, particularly as a result of self-quarantine and social distancing, shows the high value of virtual connectivity. There can even be a shift in how policymakers view the Googles and Facebooks of the world, with regulators treating them more as public utilities that act as essential items to keep separated populations informed and connected. As working from home and virtual communication has become the new normal, tech companies may also reap the longer-term monetary benefits, increasing uptake of virtual reality for employee training, and investment growth in smart city solutions. Further, online shopping could outlast the virus as consumers become used to the ease and convenience of receiving goods directly to their front door.