Economy of Tomorrow Regional Conference 2020 – Day 2

The Future of Work in the New Normal

Session 2: The Company Perspective

Jointly organised by REFSA and FES

Full Recording

The COVID-19 pandemic has forced businesses and companies to adapt and face a changing landscape of national and international supply chain disruptions, while exploring more resilient business models that are sustainable and resilient to future external shocks. The pre-COVID 19 paradigm of just in time and deregulation might shift to just in case (resilience) and more state regulation.

Small and medium enterprises, who are the backbone of national economies and are still creating the majority of jobs, are particularly vulnerable in the short and medium term of the crisis, confronted with a simultaneous supply and demand shock without having much savings.

How can a recession wave of small and medium size enterprises be prevented? What support are companies expecting from governments? Could Covid-19 lead to a restructuring of global and/or regional supply chains and implicitly to near-shoring, reshoring, localization of production? What kind of preventive risk management will companies develop for future external shocks?


Datuk Hj Shamsuddin Bardan, Executive Director, Malaysian Employers Federation, Malaysia

Prof. Pavida Pananond, Professor of International Business, Thammasat University, Thailand


Yoon Hyo Won, Asia Industrial Relations Consultant, South Korea

Howard Lee Chuan How, State Legislative Assemblyperson of Pasir Pinji, Perak; Former IUSY President; National Chief, Democratic Action Party Socialist Youth (DAPSY), Malaysia



A summary of the discussion can be found here.



Datuk Hj Shamsuddin Bardan presentation

Yoon Hyo Won presentation



A series of doodles presentation highlighting key points are showcased below:



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