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Digital transformation the lifeline for SMEs in pandemic

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Businesses which learn to adopt agility in these extraordinary times will be able to manage through the impact of this dynamic landscape. One such example is local retailer Mothercare which saw a ten-fold increase in weekly sales on their Lazada store since opening in April, says Mr Chang.

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Businesses which learn to adopt agility in these extraordinary times will be able to manage through the impact of this dynamic landscape. One such example is local retailer Mothercare (above) which saw a ten-fold increase in weekly sales on their Lazada store since opening in April, says Mr Chang.

THE government's decision to extend and tighten circuit breaker measures to June 1, 2020, left many retailers with heightened fears of survival.

Already, the detrimental impact is playing out with retail sales declining drastically from 8.4 per cent in February to a further drop to 13.3...

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