Digitalization a must even more amid the pandemic : but are businesses ready? : the TCS COVID-19 business impact survey 2020 offers insights on how to navigate the changing business landscape / Shiju Varghese

Digitalization remains a weak spot for many businesses across different industries, and the pandemic proved this as companies struggle to cope with changes in business operations and work setups as a result of international and domestic lockdowns. In the Philippines, the months-long quarantine continues to be brutal on businesses big and small. Stories of reduced operations, dipping sales, employee furloughs, salary cuts and layoffs dominate present reality as do stories of startups and other small organizations permanently closing. Large companies may have been more insulated with their backup funding, but they are not completely immune.

Business.