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The pandemic did trigger the digital transformation journeys with 80 percent of companies implemented work from home arrangements, but there is also a substantial number of local businesses that were already spending on digital transformation pre-pandemic but do not continue to do so post pandemic, while others have no transformation strategy at all, according to a survey.
In the wake of the COVID-19 and the volatile US-China trade tensions, retail businesses are looking to relocate operations to the ASEAN region, according to a global advisory and consultancy firm.
SEVERELY impacted by the Covid-19 pandemic, the retail industry faces significant market, financial, people and operational challenges. For one, the grocery sector struggled with supply chain issues. Likewise, consumer goods and apparel businesses have been challenged by store closures and rapid growth of online sales.
