The pandemic seems to have highly impacted many companies’ P&L, making it more difficult to have the resources for M&A activity. I know that the company I work for is trying to pass through cost to the customer with price increases but that impacts sales. Thus, unless you are in an industry that is profitable during the pandemic, it will be difficult to conduct M&A activity unless it is at a bargain…
The pandemic definitely impacted the whole business and social ecosystem. However, the impact was two-sided: negative and positive.
Many companies shut down, registered losses or weaker financial performance, the supply chain was and is still disrupted.
On the other hand, the surviving companies had to rethink their business model, to become more agile, innovative, flexible and lean. Digitalization, automatisation, innovation are positive booming trends that have been noticed especially as a result of the pandemic.
Integration is best implemented in a personal setting. Onboarding, employee announcement, and training needs to be done face-to-face. We attempted to integrate virtually and it did not work out well. As far as we have come I do not see a true replacement for face to face interaction
I think being able to do a hybrid integration is essential – while in-person has long been deemed the best option the pandemic showed us that being flexible and respectful to others’ needs regarding training, onboarding, etc. is the most sustainable option.