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The value of resilience as a prerequisite for business success in fast-changing environments has long been clear. The pandemic, however, catapulted resilience to the forefront as indispensable to business sustainability and relevance.
It is time for the many pockets of digital progress to give way to digital transformation. Approximately three in five Chief Supply Chain Officers (CSCOs) are not only investing in digital solutions, but already scaling them – and surprisingly doing so rapidly enough to surpass other business functions.
The COVID-19 pandemic has brought on massive changes to the manufacturing industry, which has had to adapt to new operating models, an evolving consumer market, and disruptions in supply chain processes, all while keeping the workforce safe and healthy.
Our latest findings on State of Cyber Resilience shows that cyberattacks on insurers have more than doubled (from 240 to 519 attacks, on average), illustrating the current cyber climate for insurers: It’s volatile. This number is more than twice as much as the cross-industry cyber resilience leaders in the survey and over three times more than their banking peers.
The apparel sector has been fundamentally altered by the impact of COVID-19. The last number of months have seen increasing pressure on the sector due to abrupt order cancellations, halted payments for suppliers and workers along with enforced factory and store closures.
COVID-19 came to be the reset button for our world. There is massive innovation afoot: everything is becoming digital, interaction, distribution channels, and a myriad of new receiving devices to play in this digital space. There is also a greater choice, giving the user the control to demand what they need, when they need it, and where, allowing people to craft the services they desire.
The rapid global spread of COVID-19 has forced business, education, and social activities to be conducted virtually. But amidst the crisis, platform companies are enabling video conferencing, food, grocery and essential supplies delivery, AI-driven COVID-19 tracking, social connectivity, and entertainment for a restless population sheltering in place.
A sceptic may observe that BBBEE is trying to be everything to everyone. That on the one hand it is trying to ensure the levelling of playing fields for Black, Indian Coloured and naturalised Chinese people amongst a workforce which has traditionally been white and male dominated. At the same time BBBEE is trying to level the playing fields for women and the disabled.