IT goes without saying that the Covid-19 pandemic has disrupted global businesses, from transportation and logistics to education and healthcare.
Despite business disruptions, globally there was a surge of new ideas and young startups who adapted quickly to the pandemic and found themselves in the mainstream marketplace in a very short span of time.
The US, the UK and Japan reported that new business registrations increased by 95%, 30% and 14% respectively in 2020 as compared to the same period in 2019. The number of startups in the technology industry grew by 20% compared to 2019, with growth rates peaking in the last quarter of 2020.
A similar trend can also be seen in Malaysia where new businesses are starting to emerge across various sectors including F&B, logistics, e-commerce, mental health, healthcare, and fintech, as a result of the pandemic.
The need for entrepreneurs and…
