Wealth Feature: Covid-19 to spur innovation

The one thing that seems most likely to emerge from this pandemic is that it will unleash a wave of Creative destruction that can best be described as the dismantling of long-standing practices in order to make way for innovation. Creative destruction was first coined by Austrian economist Joseph Schumpeter in 1942. Schumpeter describes creative destruction as innovations in the manufacturing process that increase productivity, but the term has been adopted for use in many other contexts.
What does this mean for your investment strategy? Chris Potgieter, Managing Director: Old Mutual Wealth Private Client Securities, shares his hot sectors ripe for creative destruction.