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7 The Future with COVID-19
Pages 45-48

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From page 45...
... Despite rapid vaccine development, many questions remain about their availability, affordability, and efficacy. In addition, vaccination on such a massive scale will require overcoming supply chain, distribution, funding, and administering challenges.
From page 46...
... While travel and hospitality have also declined, Billa posited that those sectors are likely to bounce back, especially as effective and widely available vaccines change the consumer outlook. Implications for Manufacturing Billa outlined several implications of these scenarios and trends for manufac turing and engineering supply and demand, which will in turn affect business and operating models, workforce skill requirements, and access to capital.
From page 47...
... It's possible that larger engineering companies could also increase their customer focus. Consumers report an increasing emphasis on trust and safety and may be willing to pay for them, but purchasing power is also down, meaning that in many sectors cost is still the deciding factor.
From page 48...
... This is compounded by the fact that, as noted by other speakers, a large portion of people holding doctorate degrees in engineering in the United States are not citizens and therefore cannot work in certain defense sectors. Asked what pandemic-related trends he found most surprising, Billa noted that some businesses quickly created innovative and sometimes surprising solutions, such as sharing employees between companies during peak hours, or repurposing manufacturing capacity to fulfill health care needs.


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