SINGAPORE (Apr 24): The global economy is facing an unprecedented challenge amidst the Covid-19 pandemic. The impact of extraordinary international supply and demand shocks has resulted in disruption to markets and societies across the world, and increasingly looks to represent the beginnings of a global recession.

Governments and businesses remain committed to focusing their efforts on combating this virus. While the foundation of any recovery must be built on healthcare, there is a vital imperative to provide comprehensive support that helps safeguard economies and livelihoods. The timescale of recovery remains uncertain, but what is clear is that businesses must act now to prepare. Digitalisation is an invaluable tool in supporting rapid recovery while embracing a more resilient operating model for the future.

Digital transformation at a time of challenge

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