The World Economic Forum is pushing back its annual summit in Davos, Switzerland, from January to early next summer, it announced on Wednesday.
The annual gathering of the global elite in the Alps brings together about 3,000 of the world’s most prominent executives and political leaders to discuss the pressing issues facing the world economy — and to do deals on the sidelines (and the ski slopes).
In a statement to the media, Adrian Monck, a managing director of the forum, said the decision “was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the ‘Great Reset’ in the post-Covid-19 era is so urgent.”
Organizers made the decision to postpone on the advice of experts, who said the gathering could not convene safely in January. Instead, a virtual event dubbed “Davos Dialogues” will run during the week of Jan. 25, 2021, the forum’s originally scheduled time.
The event’s organizers previously said they would hold a “twin summit” for the 2021 edition, with about half the number of official delegates that attended in person last year and a simultaneous online event. If the severity of the pandemic reduces enough by the summer, the summit could resemble something more like its previous editions, minus the skiing.
— Lauren Hirsch