Wisdom-Trek / Creating a LegacyWelcome to Day 1393 of our Wisdom-Trek, and thank you for joining me.This is Guthrie Chamberlain, Your Guide to WisdomLife After Covid-19 Part 2 – Ask GrampsWisdom - the final frontier to true knowledge. Welcome to Wisdom-Trek where our mission is to create a legacy of wisdom, to seek out discernment and insights, and to boldly grow where few have chosen to grow before.

Hello, my friend, I am Guthrie Chamberlain, your captain on our journey to increase wisdom and create a living legacy. Thank you for joining us today as we explore wisdom on our 2nd millennium of podcasts. This is https://wisdom-trek.com/captivate-podcast/day-1393/ (Day 1393) of our trek, and it is time for our Philosophy Friday series. Each Friday, we will ponder some of the fundamental truths and mysteries of life and how they can impact us in creating our living legacy.

As we continue on this trek called life, sometimes we have questions about life, so our Friday trek is a time when we can “Ask Gramps.” Gramps will answer questions that you would like to ask your ad or granddad, but for whatever reason, you are unable to. No matter how old we are, I know that all of us would like the opportunity to ask Dad or Gramps questions about life in many areas.

We may mix it up a bit on our Friday episodes, but we will strive to keep them down to earth and enjoyable. If you have any questions that you would like to ask Gramps, please email them to [email protected].

Last week we had a question, but this question is too broad to answer in one episode. The answer today is one of several Ask Gramps features that will analyze various areas of life and how this pandemic will impact them. Please make sure that you download our Friday podcast sessions to follow the complete analysis. Better yet, subscribe to Wisdom-Trek so you can gain a bit of wisdom five days a week. So here is the question…

“Hey, Gramps, I realize that after this whole Covid-19 pandemic is under control, life will take on some sort of normalcy for most people. I can’t get my mind around how life will change with so many people out of work and many businesses not being able to survive. What is your take on how life will be after Covid-19?”

Life After Covid-19 Part 2

Our focus last week was overall jobs and manufacturing. As I mentioned last week, I do not have a crystal ball nor a prophetic message about life after Covid-19. That being said, I do have over 40 years of business and nearly 64 years of life experience which help me to see what others may not.

The core of this content today and in subsequent weeks comes from a book and companion blog written by Peter Diamandis. His book The Future is Faster Than You Think was published in January of this year before Covid-19. Peter has recently also stated that Covid-19 would accelerate his predictions significantly. I recommend his book.

Let me offer some perspective. It has been said that crises don’t so much alter the course of history as accelerate changes that are already underway. Exponential technology has been disrupting traditional industries at an ever-increasing pace. The pandemic has put these changes into hyper speed. Never have we had the opportunity to rewrite entire sectors, redefine the problems they address, and reinvent their solutions. This is a scary and also exciting time to be alive! Any time we have a disaster such as this, there is also unlimited opportunity.

The next economic sector we will explore is brick-and-mortar retail. The impact and losses stemming from the Covid-19 pandemic will accelerate the demise of many traditional retail businesses. Quarter 1 and Quarter 2, 2020 losses are spelling “game over” for more brick-and-mortar retail.

This month alone, J. Crew, J.C. Penney, Neiman Marcus, and Lord and Taylor have announced they are filing for Chapter 11 bankruptcy. Many other major retailers may be quick to follow. The real tragedy is the millions of small “main street”...