and a member of the CNBC TEC, citing the uptake by more businesses of programmable video capabilities via APIs, which can be easily embedded within existing applications to replicate the value of in-person interactions.
CFO consultant Jack McCullough, president of the independent CFO Leadership Council, said it is no surprise that a significant percentage of CFOs say business travel is never going to get back to a pre-Covid normal. In fact, in reference to half of CFOs saying corporate travel is gone for good, he said, "I am surprised that it is that low. I don't know any CFOs who are confident that business travel will ever return to their pre-pandemic levels.
"One thing that we have learned in the last several months is that many of those trips are not critical. Nobody is suggesting that the trips were wasteful or unproductive, but this crisis will end up lasting more than a full year before it ends, and we have learned to function with a lot less travel. There is no reason to go back to prior levels," McCullough said.
How Working Remotely Will Change More Than Work via YouTube
Probably not. Working remotely is loved by many, as is interviewing remotely. Saves $$$ for everyone!!
By the end of Jan, thinking that the Mar or Apr pandemic would be over... thinking in Jun that life will return to normal in Sep... It always stretches on and on...
No
No way: the saving are MASSIVE and you can do meetings with tons of people online.
Why would it? Aren’t remote meetings more cost effective? Isn’t travel time consuming? Once it is understood people don’t need to be in the same physical space to be productive, what is the business justification for travel?
meanwhile us markets are 1600 pts year lows in the ES and rigged exactly 7 pts off highs as the us market is the same cyber scam all year long year after year just a scam don't fool yourself
50% travel reduction for cost conscious firms. Zoom it! Airlines retool for less business seats.
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