Expect the unexpected. For David Haskell, a partner at Abacus IP in Phnom Penh, this is the main lesson to be learned from the pandemic.
“The last decades of growth, particularly in a dynamic economy like Cambodia, led many to think that we would continue down that path indefinitely,” he said. “Thinking back to the world in 2019, a global pandemic was something in history books or science fiction. While we might expect further outbreaks of Covid-19 or other diseases, there is an even higher risk of other, yet unknown, risks that will occur. For businesses, the challenge is to make provisions for such eventualities, while balancing the necessity of maintaining competitiveness in the current environment.”
Carter agrees.
“Going forward, the key lesson that has been learned is that the world is unpredictable, and that those entities that have flexibility built in to the internal processes and external contracts are going to be the best placed to protect and utilize their IP,” she said, “no matter what comes down the line in the future.”
This includes the supply chain problems resulting from the pandemic and its accompanying lockdowns, she says.
Private corporations are stronger than governments. “From the point of view of sharing of IP to solve the crisis, I realized that private corporations are stronger than governments,” said Hwang, “when they come together and start sharing for the sake of humanity.”
What is legal and what is ethical became wider apart. According to Hwang, it is easier to tell the difference when making judgments and decisions in commercial transactions.
“What is legal would be the letter of the contract; for example, landlords insisting that tenants, especially restaurants and retailers, pay the rent stated in the tenancy agreement. This is before Covid-19 Temporary Measures Act. Another is the price of masks charged by some middlemen. Those who have the masks are entitled to state their price, legally. But when it became ‘extortionist,’” said Hwang, “is it ethical?”
As we look forward to 2023 and what seems to be the post-Covid-19 era, let us not just celebrate the fact that we have weathered a storm known to be one of the harshest periods that humanity had to endure.
Let us also celebrate the idea that the storm actually gave us sunshine.
Covid-19 provided us with the opportunity, and necessity, to learn new technologies, ideas, strategies and realizations. We adopted them and made them part of our work lives. Covid-19 trained us to have sharper minds, be more creative and imaginative when doing business. It also tamed us enough so as to take on a more humanistic approach to our work, our customers, suppliers and staff.
These are the very lessons of the Covid-19 experience that transformed us into better professionals and better human beings.
- Espie Angelica A. de Leon