Executive Perspectives on the Coronavirus
Insights from China-based leaders of international mid-sized companies
Besides working from home, the coronavirus outbreak is also teaching us how to network from home. With their headsets on and their masks off, 25 China-based MDs and C-levels joined our virtual roundtable last week to exchange coronavirus-related experiences and tips.
Rather than postponing our signature Leaders’ Circle event, we decided to hold it via Zoom, sticking to our belief that connectedness and adaptability are winning traits when times get tough. We and participants walked away with valuable learnings for the weeks ahead and with a sense of reassurance that we’re together in this.
We hope to achieve the same through these weekly updates. Take them as a reminder that our consultants, and the business leaders in our network, are people you can turn to for support.
Below are some soundbites from participants. If you’re interested in what else they had to say, get in touch with us so we can share with you our summary of the 20 key challenges and solutions that came up in our discussions.
– “Size matters. In Shenzhen, big companies are getting their licenses to reopen first. The process is not always transparent.”
-“Pollution, censorship, and now the coronavirus – it will be even more challenging to convince foreign talent to relocate to China.”
-“We sent out early ‘force majeure notices’ to warn our customers of potential delays.”
-“We are absorbing the cost increases instead of passing them on to our customers – even when it means zero profit.”