Euro-zone companies will want to increase their resilience: What consequences?

Euro-zone companies have gone through the subprime crisis, the euro-zone crisis and then the successive waves of the COVID crisis . Given this succession of crises, they will want to be resilient, i.e. able to withstand a drastic crisis. The consequences of this desire for resilience could be very negative and destroy long-term growth, for example: Preference for temporary rather than permanent jobs; Limiting the installed production capacity; Using financial resources to hoard cash rather than invest; Outsourcing a growing number of functions; International diversification of production.