As the crisis slowly ebbs and economies round the world tentatively re-open, it’s time for organizations to regroup and plan their next act. At the beginning of the crisis, companies needed to rapidly innovate to maintain business continuity, ensure liquidity, support remote work and focus on employee safety.
The next act will require organizations to refocus their innovation efforts on their core businesses in their specific industries, to recover in the short run, and set them up for growth in the long haul.
Whether it is Amazon’s latest acquisition of autonomous driving startup Zoox for potential contactless freight delivery opportunities, or Lululemon acquiring ‘at-home’ fitness startup Mirror, some of the smartest innovation continues to emerge from the startup open ecosystem.
Popwallet for mobile contactless consumer experiences, Pecan for AI based revenue growth management, TVPage for online influencer marketing and ClearMetal to fortify supply chains with ML based freight tracking, are some of the latest innovations relevant for industries to rapidly recover in these pandemic times (Source: SAP.iO Fund and Foundries).