Post-pandemic opportunities for Singapore
business during the lockdown, corporate travel may reset at a greatly reduced pace as corporations embrace more time and cost-efficient remote collaboration and communication platforms. Global trade will require time to recover as nations and corporations navigate near-term economic challenges and assess transpired vulnerabilities as they rethink their supply chain strategies.
It is likely that travel- and tourism-related sectors will struggle due to lack of consumer liquidity as some people choose to stay closer to home and focus on rebuilding battered personal finances.
Natural candidate
In a similar manner Singapore, with its globally interlinked economy, will be impacted. Many of its business sectors will be under pressure for a considerable period ahead. This will include traditional segments such as tourism, hospitality, airlines, shipping and trade-related sectors as well as financial, real estate and REITs — real estate investment trusts .
Fortunately, Singapore is well