Fundamentals in global supply chains have changed, so moving forward, Malaysian businesses need to change and adapt to the new ecosystem. — Filepic/The Star
Businesses, in particular SMEs (small and medium enterprises), need to revamp and remodel strategies as well as strengthen market presence to stay relevant.
The Covid-19 pandemic and the economic and travel restrictions that followed have created turmoil and disrupted business and trading patterns throughout the globe, leaving a trail of calamity within business, economic and financial ecosystems. And the worst is not over. As we continue to experience the effects of the pandemic, the situation is expected to deteriorate given that China, the world’s second largest economy, is now looking inward, and understandably so, in efforts to sustain the growth of its own export market.
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