Special Ongoing Feature:
Preparing for a
Paul Jason, PGRI Introduction: I asked lottery directors and industry leaders to share their views on the impact of the pandemic crisis and how Lottery might respond to the economic repercussions that follow. I so appreciate their thoughtful responses and am sure you will too. Thank you so much for your generosity and leadership!
We will try to post one a day. Some of the talking points:
-- How will the world be different when we come out of this crisis - and how will the lottery industry, retailing, consumer shopping and recreational behavior be different?
-- What should we be doing to position our businesses for success in the post-coronavirus world?
-- Lottery has historically performed better than other sectors in an economic recession. How severely will the economic repercussions of coronavirus impact Lottery?
-- What opportunities will emerge in the post-coronavirus world?
-- Crises tend to upend the risk-return calculus of innovation to favor innovation - Do you think this crisis will accelerate the adoption of new game categories, new technologies, new business processes and distributional methods?
-- How might we reinforce the symbiotic relationship that Lottery has always had with its retail partners?
-- What are some of the new challenges and obstacles that we will need to adjust to?