More than half of UAE businesses feel ‘strong’ despite pandemic-driven slowdown – The National
More than half of UAE businesses feel ‘strong’ despite pandemic-driven slowdown – The National
Businesses say they need to make adjustments including securing supply lines in the aftermath of the Covid-19 outbreak, according to HSBC
More than 70 per cent of companies surveyed in the UAE said they are taking steps to ensure the security of their supply chains in the wake of the pandemic, HSBC's survey found. Getty Images
July 21, 2020
July 21, 2020
More than half of businesses in the UAE, the second-largest Arab economy, feel they have strong fundamentals, but need to make adjustments to deal with the aftermath of the Covid-19 pandemic, including strengthening their supply lines, according to HSBC.
Businesses in the country have felt the impact of the pandemic-driven economic slowdown and recognise the need to make operational changes to become more resilient, HSBC said in a new global survey, Building Back Better.
Fifty one per cent of the firms polled said they felt "strong overall“ with necessary adjustments, while a quarter said they were challenged, but were able to survive. Only 5 per cent of respondents said they were