Prestige (Malaysia)

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.

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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.

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