The Week In Retail Issue 8

Page 22

INSIGHT

LEARNING FROM CHINA 30 WAYS CHINESE COMPANIES ARE REIMAGINING THE FUTURE BEYOND COVID-19

HOW CHINESE COMPANIES ARE REIMAGINING THE POSTCORONAVIRUS WORLD A NEW MCKINSEY REPORT EXAMINES HOW COMPANIES IN CHINA THAT ACTED SWIFTLY AND DECISIVELY ARE MORE LIKELY TO EMERGE STRONGER OUT OF THE CORONAVIRUS CRISIS WITH SOME VALUABLE LESSONS FOR UK RETAILERS, SUPPLIERS AND WHOLESALERS.

A

s the first nation to suffer a coronavirus outbreak, China is also further along the recovery curve than most countries. What can the convenience channel in the UK learn from the Chinese experience to help accelerate our own recovery? A new report from management consultancy McKinsey offers some insight into

22 I SLRMAG.CO.UK / ISSUE 8 / WEDNESDAY 10TH JUNE 2020

how Chinese companies have reimagined the future beyond Covid-19 and highlighted 30 specific ways Chinese businesses have responded. The report argues that companies that responded promptly and decisively during the pandemic could emerge stronger afterwards and far more capable of weathering any further crises that happen down the line.


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