Choosing not to make a decision is still a decision.
Even if you made that decision because you were waiting for more information to make the "real" decision.
Waiting for more information isn't always the best course of action, especially when dealing with the uncertainty caused by a pandemic. The best leaders take action and create options and flexibility. That's as true now as it was when the pandemic started.
I think it's great advice, but I'm a little biased since it comes from my dad. He knows what he's talking about a number of years in the C-suite.