Todd Carpenter writes: As the economic impact of the COVID-19 pandemic grows in scale and depth, it’s becoming clear that hopes for a quick, “Vâ€-shaped recovery are probably unrealistic. Many institutions are considering the potential impact of this pandemic continuing into the fall and how things like instruction, trade conferences, and in-person services will need to adapt if the underlying circumstances (i.e., testing, vaccines, or herd-immunity levels) do not change.
In an economic downturn, organizations of all types seek to reduce their costs. In the recession of 2008–2009, many membership organizations had to scale back their activities, as individuals and organizations pulled back on their community involvement.
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