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The coronavirus is an ongoing tragedy for those affected, and our focus should be on containing it. But it's also wreaking havoc on global travel. How much havoc depends on your region, how far the virus spreads and how quickly it can be eradicated, and it's too early even for health experts to answer those questions.

As an evaluator of leadership capability, I have been asked what it takes to lead in a time of crisis, such as COVID-19. My answer has been simple, “you must be equal parts realist, pragmatist and optimist. This mixture of archetypes is essential in dealing with the fast moving and unknown outcomes of a crisis.Realist.

This pandemic will cost many lives and even more jobs, no doubt. Employees in numbers I would not dare to estimate will see their livelihood options diminish – especially those in countries, which do not have reliable financial safety nets.