This article by Chan Siew Mei, Head of Advisory focuses on the post COVID-19 business landscapes and where business leaders need to fundamentally re-evaluate their assumptions and priorities in this “new normal”. Businesses must assess, strengthen and plan a phased response post MCO, to bolster resilience through to recovery.
KPMG has also identified seven ways in which the business landscape could shift as well as four recovery paths that may apply to businesses. In the article, she also highlighted the three pillars being Financial, Operational and Technology & Data to ensure that these three aspects of the business are agile enough to evolve over time to suit changing circumstances.
In conclusion, this crisis is a story with an uncertain ending. What’s clear is that Covid-19 has introduced new challenges to the business environment that calls for a measured, practical and informed approach. The key to business survival – and future success – is agility and flexibility throughout the entire enterprise. The reset we need is a quick one, to address immediate cash burn and to attain a minimum viable business model quickly.