I was an IC with a very small team (who were in New York), so I didn't really need to meet with other teams on a daily basis. But every couple months, I did need to fill the pipeline with future work, and it was much easier to do that in person.
I am not sure what this means for a world beyond COVID-19, but right now I feel like everyone is in a holding pattern and are just tweaking their day-to-day applications, rather than planning the next big thing. That is sustainable for a few months, but it will be interesting to see if it's sustainable for longer than that.
(Do people ever co-found a startup with someone they've never met in person? Has anyone ever had a summer internship in college remotely? I am very interested in seeing how these things work.)
To be fair you can have that with remote meetings as well. There is even a name for it: zoom-bombing.
Bigger issues tend to be around language and culture...