Businesses are living through the biggest global crisis in a generation.
To understand how it's affected them, including their plans for the future, we surveyed more than 2,600 companies globally as part of our annual Navigator research.
The results paint a picture of challenge and change. While 98% of businesses have felt the impacts of the crisis, 65% have been agile and stable enough to be resilient. And many see the crisis as a catalyst for change and long-term growth.
The insights in the Resilience report will help you grasp those opportunities while overcoming the challenges.
of your peers see employee morale as the biggest barrier to resilience in the next six months
What drives resilience?
In Taiwan, we find that most companies are able to demonstrate their quick response and resilience when faced with changes during the pandemic. In addition they are very sensitive to business opportunities or challenges in the market, and are willing to make adjustments in due course. Taiwanese corporates also ranked No 1 regarding “Company Agility,” according to the 2020 World Competitiveness Ranking produced by business school IMD.
Stanley Hsiao, Head of HSBC Commercial Banking Taiwan
What will be the biggest barriers to resilience in the next six months?
Businesses are concentrating on culture
Capturing the positive changes from the crisis and putting people first will help businesses become more agile.
of companies have supported the businesses they work with
want to make their supply chain more secure over the next 1-2 years
How can you prioritise supply chain security? Your peers are:
Identifying and securing critical suppliers
Reviewing the suppliers' ability to withstand future uncertainty
Working with markets/countries that are more stable
Owning more of the supply chain (vertical integration)
Navigator: Perspective from Asian businesses
Stuart Tait, Regional Head of Commercial Banking, Asia-Pacific, HSBC talks about how Asian businesses are embracing change through resilience, supply chain management and digital solutions.
Resilience and preparedness
What makes a business resilient? Agility, customer focus and sustainability to future-proof your business.
Supply chains and sustainability
COVID-19 has exposed weak links in supply chains. What are Asian companies doing to secure their supply chains to weather future challenges?
What’s the key learning for Asian companies from COVID-19? The need is to embrace change from digital solutions.
Navigating Business – Asia Pacific Series
All industries and sectors across the world have been uniquely disrupted by COVID-19, causing companies to revisit their strategies as they look to react to the current environment and plan for the future. In this Navigating Business Series we interview HSBC experts as they provide insight around sector outlooks, opportunities for multinationals and investments and the future of trade. This series includes 6 episodes split across 3 thematics:
Sector Outlooks (Fred Neumann, Co-Head of Asian Economics Research, HSBC)
Sector Outlook: Technology, Healthcare and Education
Sector Outlook: Tourism, Apparel and Automotive
Opportunities for Multinationals (Sandeep Uppal, Global Co-Head of International Subsidiary Banking, HSBC)
International Businesses: Globalisation in transition
Reshaping Global Business Strategies
Future of Trade (Ajay Sharma, Regional Head of Global Trade and Receivables Finance, Asia Pacific, HSBC)
Understanding Supply Chain Risk and Disruption
The Future of Trade: Emerging Technology and Sectors