The global pandemic is a call for local entrepreneurs and start-ups to innovate and accelerate their businesses
Pic by TMR FILE PIX
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 start-ups who adapted quickly to the pandemic and found themselves in the mainstream marketplace in a very short span of time.
The US, UK and Japan reported that new business registrations increased by 95%, 30% and 14% respectively in 2020 compared to the same period in 2019.
The number of start-ups 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…