Innovation, think outside the box required to endure prolonged crisis, says business forum | Malay Mail

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KUALA LUMPUR, April 3 — Innovation, coupled with a radical departure from contemporary thinking, is required with a possible reality of a prolonged crisis becoming the new reality that people and companies must function through. Malaysia Global Business Forum founding chairman Nordin Abdullah...

Friday, 03 Apr 2020 05:35 PM MYT

He said if workers and corporations alike were concerned about their shared financial realities, they would have to continue to adapt to the changing conditions during times of crisis to ensure production flows. In addition, Nordin said applying the concept of Fly-in Fly-out , which is used in the mining and energy sectors to allow workers to be on site for a period of time and then flown out while being replaced by other workers.

“The police and armed forces have cordoned off various “red zones” and various agencies have ensured that those in the affected areas receive food and medical attention,” he said. He pointed out that while many small and medium enterprises have their heads on the cutting block, some of the larger corporations will not be far behind if supply chains and the related ecosystems grind to a halt.

 

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