Many businesses (especially "old school" businesses that never allowed working from home before) weren't ready for the pandemic and have taken a while to get up to speed with remote work.

Companies may not have had the resources or desire for remote work, which may have created a higher level of anxiety and stress for their employees that prevented them from being productive.

While baby boomers sit in executive roles, they may take longer to adapt to digitization and automation. If executives are slow to pivot, they may depend on third-party providers and impact profits.

While all industries have been impacted by the COVID-19 crisis, some have had more significant decline due to consumer demand shifts as well as increased mental health and well-being challenges.