Industry

How will vaccinations affect Global Mobility in the next few years

For much of the 21st century, the globalized economy seemed unstoppable, and Global Mobility as a result felt like the industry of the future. However, since COVID-19, all of this appeared to have changed and uncertainty gripped the economy and our minds. It seemed for many that Global Mobility is something again of the future, not for now.

Yet there is a change taking place: vaccines are becoming widespread for many of the populations of several countries, and Global Mobility will be vital in the global economic recovery. As we start to see the vaccine rollout and potentially a gradual “return to normal”, we have to ask, what will Global Mobility look like in the next few years?

Do we need offline work relationships at all?

There’s a lot of discussion about offline meetings being redundant, especially when big enterprises were moving to remote work anyway. But all offline meetings can never be fully replaced with zoom calls, as we have already discussed in the article ‘Why face-to-face meetings will always be essential’. Companies will need to start moving their staff worldwide, to facilitate the global trade so essential for them.

Opportunity for international relocation has long been a critical factor for big enterprises, and governments are beginning to provide a framework in which to facilitate travel. For example, the European Commission is currently working to create a framework of a digital vaccine passport, to prove the holder is vaccinated, or for non-vaccinated to show they have had a recent negative COVID-19 test. This will enable travel for many people once again.
What do the statistics say?

The Economist undertook some useful research on when widespread vaccination coverage will be achieved. The results are as the following:

  • By late 2021: the USA, the majority of EU countries, Hong Kong, Singapore, UAE
  • By mid-2022: Canada, Brazil, Russia, Australia, South Africa
  • By late 2022: China, India, Kazakhstan, some African countries
  • From early 2023 onwards: the majority of the African continent, Middle East, Ukraine, South East Asia, and some South American countries

Unfortunately, many countries are still far from getting vaccinated in large numbers. This is either because of the lack thereof or the population being unwilling to take the vaccine, due to distrust of the government or the vaccines. Nonetheless, there is cause for optimism for many. The more developed economies where the larger companies are based and trade with, are expected to be fully vaccinated this year or not long after. With these developed economies opening up now or soon, Global Mobility will have a role to play once again.

The rollout of vaccines, and legislation that enables travel once more, will increase movement. We agree that the rules of the global economy have somewhat changed due to COVID-19. Nonetheless, there are some rules that will not change, including the need to trade and send staff to facilitate this. Global Mobility should expect to be at the front of this reopening of the global economy.

Clearmove is here as the world reopens

Clearmove is a pioneer in Global Mobility solutions, offering convenient software to help relocate employees. By putting all vital information in one eco-system, Clearmove’s software saves immeasurable time and money for companies, and stress for the employees themselves. So as the economy reopens, Clearmove is here to help with staff relocation. Contact us to find out more.

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