For example, pharmaceutical companies are “very strong” while consumer technology’s doing very well. The automotive industries, at varying stages of shifting to electric vehicles, are meeting the transformation challenges head on. Others, such as those in oil and gas, are compelled by growing environment, social and governance (ESG) awareness to “reshape” whereas those in hospitality need are challenged.
The economic recovery from the pandemic has taken longer than expected. Yet, deserving entrepreneurs have shown how they have seized the opportunities to thrive
The pandemic has been more protracted than envisaged, pushing back broadbased recovery that many are looking forward to. Certain businesses have really ticked up, but others are still languishing whereas are just hanging on. “We are seeing a K-shaped recovery,” says Max Loh, Ernst & Young’s (EY) managing partner for Singapore and Brunei.
