Pre Covid 19, you were running a successful business as a retailer employing six persons. After Covid-19, you are facing the problem of lack of labour supply as four of your workers have moved back to their home towns and new workers are also not available because of labour shortage in general. You are familiar with the concept of downsizing and use of information technology in running the business. How are you going to use them in turning the challenges being faced into opportunity of technology based business?
Answers
With still more than 1,000 cases of COVID-19 diagnosed daily (as of 24 June), Hong Kong SAR and its communities have been in need of support for several months.
Strategic Partner of the World Economic Forum and leading financial market operator, HKEX, has contributed to the development of Hong Kong’s financial markets, offered insights into building business sustainability during the pandemic, and supported the region’s communities and underprivileged populations throughout the pandemic.
HKEX organized an emergency relief donation of HK$10 million to local communities and NGOs where the company operates (Hong Kong and London). From providing sanitisation packages to NGOs (including surgical masks and hand sanitizers) to offering hot food for families and the elderley, and providing a special call service for health consultations and short-term emotional counselling, the company invested in the wellbeing of underprivileged families and vulnerable groups.
Answer:
From getting workers back to securing factories, Indian businesses are drawing up business continuity blueprints
Depending on the sector, the firms said that demand could take anywhere from a quarter or more to revive. Many more firms would need to reconsider their product strategy
Explanation:
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