Coronavirus and Remote Work

The coronavirus has caused widespread quarantines across China. The effects have far reaching consequences from tourism, to supply chains, to the luxury fashion industry. However, one area that I think will benefit from the coronavirus is remote work.

The coronavirus has a country of engineers and entrepreneurs working remotely. An interesting trend to see is Zoom’s stock price soaring to an all time high in the midst of the crisis.

Zoom (ZM) stock price year to date

As chinese companies are forced to work remotely they will begin to adapt and their cultures and work flows changing with it. This is a huge experiment for remote work and the future of work as a whole, but who knows, maybe this might just be temporary.