The pandemic has affected large areas of the economy, with organisations struggling, and often failing, to maintain profitability and headcount at existing levels. As businesses leave this disruptive period behind, executives are aware they need to make decisions about restructuring their business models and supply chains to adapt to a changing world. While dealing with current day-to-day demands, executives are conscious that the business models of the future will not be the same as the present and that in one area at least – supply chains – things may have to change forever.
Asian respondents cited
- Average turnover loss of 17%
- Average headcount loss of 16%
- 39% have sought refinancing or restructuring in the last year
- 51% have had to implement greater cashflow management strategies
- 89% believe the pandemic means their company’s business model will have to change to maintain or restore competitiveness
- 64% say this period has permanently disrupted their supply chains.