Traditional businesses will submerge and new businesses will emerge, just as how the world has always worked, but Covid-19 has accelerated it by 10 folds.
Businesses who thought they had five years to adapt only have five months now, it is change or die. The wave of digitalisation which Malaysian companies have been slow to adopt will now finally take place and traditional retail will never be the same, with 2019 remembered as the peak year and 2020 the year e-commerce took over forever. The next few months are extremely critical for most individuals, families, businesses and with the right mindset I believe that many will survive and emerge stronger from this crisis.