Moving forward in the new era of business

Special contribution from CIMB Islamic

The global pandemic has had a considerable impact on all aspects of our lives. Businesses of all sizes have had to deal with the ever-changing environment where many were forced to adapt, change or diversify. Some businesses could not react to the socio and economic changes in a timely manner and had to close down for good. Governments across the globe have had to set up emergency task forces and councils to ensure the lives and livelihood of people and businesses are best protected. Many changes had to be made to survive and triumph in the ‘new normal’ as we know it.

However, in the face of such adversity, the Malaysian economy has shown commendable resilience, growing by 7.1% in the first half of 2021. Disruptions in global supply chains in many parts of the world forced various industries to reinvent themselves. With enhanced digital transformation and increased government focus on vaccinations, more economic sectors are to re-open. These concerted efforts have helped jumpstart the country’s economy.