Tag: COVID-19

Building a resilient mindset is key to survival. The COVID-19 pandemic has brought unprecedented challenges to the world of business, and for entrepreneurs, the ability to adapt and bounce back from setbacks has never been more important.

We live in a new reality post-COVID-19, where customers are more digitally savvy, online 24/7 and have easy access to more options than ever before. Businesses need to adapt to this new reality, or they will be at a significant disadvantage.

In 2021, the global procurement as a service market was valued at approximately US$ 6.3 billion. Given that the market has a projected compound annual growth rate of 7% for the next 10 years, experts forecast that the market is likely to reach a valuation of US$13.3 billion by the end of 2032.

Over the past few years, the world has seen a massive wave of digital advancement – especially in the wake of the COVID-19 pandemic. The ways in which we engage with others and our work have been permanently altered. Digital innovation has become a real necessity.

Since the COVID-19 pandemic the world has been affected by many events that are now the new normal and businesses will now have to make strategic changes to the way they operate. These events are geo-political - the Russia-Ukraine war; logistical - supply-chain bottlenecks; economic - high energy prices, demand supply issues - global commodities pressures and chip shortages, rising inflation and possible recession.

With digital transformation and rapid advances in technology meaning change in the market is swift and constant, businesses must keep up, or face being left behind. Agility is the key to business success and the healthcare industry is no exception.

2022 was a rollercoaster - I don’t think any of us could have predicted what was to come. The constant through it all was the importance of technology to overcome our near-term obstacles and to realise our long-term opportunities.

The workplace as we used to know it, is no more. The outbreak of COVID-19 saw to that by forcing many companies to send employees home - often with a laptop, and a prayer that this too shall pass.

As we move into 2023, many small and medium enterprise (SME) owners and leaders anticipate another difficult year. Yet they are comfortable knowing they've endured a lot since the start of the pandemic. SMEs have survived, and some have even thrived, despite COVID-19, unrest, extreme weather, the global energy crisis, and the return of high inflation and rising interest rates.

This year has been nothing, if not eventful. We started 2022 with Russian President, Vladimir Putin, declaring war on Ukraine. This event then triggered an energy crisis and has driven inflation, in major economies, to unprecedented levels, along with interest rates. And now, as the year draws to a close, COVID-19 has snuck in again to dominate headlines.