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Stock impact report

Pandemic Pivots: These 3 Companies Are Making It Work [Forbes]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Forbes
Road forwardGettyAs the coronavirus has wreaked havoc on the global economy, many companies have found themselves forced to pivot in order to survive. Designers aremaking face masks. Distilleries aremaking hand sanitizer. Resy is embracingtakeout and delivery, ClassPass has revivedits live classes, and GoPuff has shifted its focus tohealthcare workersThese are the types of pivots that must occur in an era where life may not return to “normal” fora year and a half, and where onlyone-third of small businesseshave the funds to survive a shutdown lasting more than three months. As Cardiff Garcia reported on NPR’sThe Indicator: “Revenue is just gone, up in smoke. And a lot of [companies] are desperately trying to pivot. They're trying to get online, setting up delivery, trying anything and everything to keep some money coming in.”The most successful coronavirus-related pivots share several traits: utilizing the resources and skills a company already has, creating a product or service that Show less Read more
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