By Aurelio R. Montinola III
(This article, with some light editing, was lifted from the Inaugural Speech delivered by the author as the President of the Management Association of the Philippines for 2021.)
First, a look back at 2020.
The year 2020 was unexpectedly a year of severe and multiple crises.
We had and have a Health Crisis.
The COVID-19 Coronavirus Pandemic hit the world and the Philippines like a giant sledgehammer. Global statistics show over 94 million COVID-19 cases, over 2 million deaths everywhere, comparisons with the 1918 Spanish Flu, and fears of a deadlier second wave.
End December Philippines Department of Health indicators report 439,796 cases, a 92.77% recovery rate, a 5.28% active rate (25,024 cases), and a 1.95% Death Rate (9,244 deaths).