61% of businesses in the region expect a significant or worse decline in annual revenue in the wake of COVID-19, new survey shows.
While still in its infancy, many companies are beginning to formulate their recovery strategies from COVID-19.
However, as more economies launch into the next phase of relaxed lockdown measures, what organisations plan to do differently post-pandemic also vary across markets based on the severity of business impact, according to a new survey by Korn Ferry.
In South-east Asia, 61% of companies are expecting significant (or worse) impact to their annual revenue this year, compared to 51% across Asia-Pacific and 50% globally.
This expectation, reported Korn Ferry, will see 67% of companies in ASEAN exercising m…
Read the full article at: https://hrmasia.com/companies-in-south-east-asia-prepare-for-business-restructure/