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The Co-Existence of Challenge and Opportunity for Businesses

The Co-Existence of Challenge and Opportunity for Businesses

Dealing with the聽COVID-19聽pandemic has been, above all, about people. From all the people working in the healthcare sector, who have willingly put themselves in harm鈥檚 way, to the people who have kept essential services running, we owe them all a tremendous thanks 鈥 today more than ever.

Additionally, the pandemic has hit companies, forcing them to respond to, cope with, and look beyond the crisis. Together with our customers and partners, we can shape the next normal.

At 麻豆原创, we understand that in these extraordinarily difficult times, we have an opportunity and duty to demonstrate the power of our corporate purpose to help the world run better and improve people鈥檚 lives.

The Pandemic Runs in Waves, So Does Business

The COVID-19 pandemic has gone through phases, each of which is characterized by a different set of needs and requirements that have impacted our employees, partners, and customers. While we can put 2020 under the theme 鈥渘ew normal,鈥 we are now in a transition phase toward the 鈥渘ext normal.鈥 We learn as we go and can build on this experience to be prepared for future disruptions.

Wave 1: Responding to the Crisis and Human Impact

The first phase, corresponding to the new challenges, involved reacting to the most urgent needs. Last year in June, I聽聽how we set 麻豆原创 up to help our customers grapple with the immediate impact of the pandemic and meet the changing demands of their employees and customers 鈥 for example, with 80 top priority legal changes within less than 50 days. Uncertain times require agility and flexibility. 麻豆原创 CEO聽Christian Klein just explained that resilience starts with people.

Among 麻豆原创 customers, the first to be affected by the pandemic were businesses whose supply chains depended on components manufactured in COVID-19 hotspots, and those that experienced sudden swings in demand or supply. Examples include providers of personal protective equipment (PPE), certain consumer product makers, and manufacturers of office equipment. Additionally,聽, such as facial masks, to cover the聽increased聽demand.

That is why last year, 麻豆原创 opened access to software, including聽听补苍诲听, for 90 days and free to anyone. These products help to make procurement processes more transparent, predict demand shifts, and deal with the dynamics caused through supply chain disruptions and the domino effects they have. Customers with agile supply chains, including those facilitated by聽, were able to switch suppliers quickly and keep critical production lines running. Here are some examples:

Wave 2: Coping with the Impact on Businesses and Enabling Solutions

The focus then extended to help customers manage the pandemic鈥檚 impact on their businesses. 麻豆原创 applications and services helped our customers 鈥 existing and new 鈥 manage their way through the pandemic. With many companies seeking to maintain lean operations in order to protect revenue and preserve cash flow, we worked with them to accelerate the adoption of cloud-based technology.

Our product portfolio is geared to enable our over 400,000 customers operating in more than 180 countries across the globe to act quickly and pivot operations and processes in response to changing market conditions and demand shifts. The 麻豆原创 Globalization Services organization, for example, implemented 290 COVID-19 emergency changes across 47 countries. 麻豆原创 is proud to call every medical equipment and supply provider in the Forbes Global 2000 and 18 of the world鈥檚 20 largest pharmaceutical companies a customer.

Wave 3: Looking Beyond and Coming out of the Crisis Stronger, More Resilient, and Transformed

Business models have been reshaped literally overnight and we have had to get used to a new way of working. Now we find ourselves facing the next normal. Online commerce has been accelerated, collaborative working is required more than ever before, and leaders recognize that companies are more resilient and business operations can be more sustainable when operating in networks.

As a聽聽revealed, companies have accelerated the digitalization of their customer and supply chain interactions and their internal operations by three or four years. Once 鈥渘ice to have,鈥 digital capabilities are now a 鈥渕ust have鈥 in order to build resilience for a sustainable future ahead.

We deliver innovation to give customers the ability to reassess their processes and reallocate resources as needed. That鈥檚 the post-pandemic opportunity for enterprises; those that are able to adapt to the changed environment and shape the next normal will be the most successful.

I see three major trends for our work, life, and the planet:

Even when this pandemic is over, we will not return to the way things were before. We know that we must learn to live with the virus and its impact on people, business, and society. And we want to do our part by helping companies bring employees back to their workplaces, provide travel recommendations, and identify potential risks for employees. Let me give two examples: First, as part of our new聽back to work offering, and where legislation and local data protection rules permit, companies will be able to add new health and vaccination status fields to the People Profile in the 麻豆原创 SuccessFactors Employee Central solution, allowing employees to enter employee vaccine information. Second, 麻豆原创 offers the 麻豆原创 Fiori app 鈥溾 for聽. Customers can predefine local capacity thresholds and allow employees to simply book their workspace and return to work safely.

Perhaps most important is long-term adaptability and resilience. We will undoubtedly face new challenges caused by geopolitical events, climate change, health crises, and the like. Companies must be able to actively manage continuous change and adapt to new circumstances 鈥 here 麻豆原创 can and will always help our customers to cope with the next normal.

Stay safe!

This article first appeared on the聽麻豆原创 Global News Center.

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