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COVID-19 Forcing Petrochemical Leaders to Rethink Industry’s Future

Petrochemical industry leaders and financial investors need to update their strategic agendas and focus on recovery scenarios, regionalized supply chains, and capital productivity. That is, if they want to minimize the negative impact of the coronavirus pandemic on the industry, according to McKinsey & Company. In a recent analysis, the global consulting firm wrote that slowing…

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Lisbon, Portugal (Photo by WeSetupYourWebViewApp on Unsplash)

Lisbon’s Short-Term Rentals: Occupancy Plummets, But Some Signs of Recovery

The tidal wave of travel cancellations that came along with the coronavirus pandemic upended usual accommodation patterns and put heavy pressure on occupancy levels across the world. Portugal was no exception, with its always-bustling capital now much quieter than usual and a large number of its hotel rooms and vacation rentals remaining dormant.    Exclusive…

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Shared Mobility Poised to Make a Comeback After COVID-19

The shared mobility industry has very quickly lost both passengers and profits as a result of the coronavirus outbreak but it can make a strong comeback with the right strategies, says McKinsey & Company.   “Consumers are indeed wary of shared mobility, given the risk of viral infection, and mobility-service providers (MSPs) must take decisive…

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Ending COVID-19 Lockdowns Not Enough for Economic Rebound: Report

Lifting coronavirus lockdown restrictions may not by itself be sufficient to restore confidence or growth and economic recovery will start only when the pandemic is under control, according to McKinsey & Company. “The evidence heavily suggests that a multifaceted public-health response that goes well beyond a simple transient lockdown is a necessary first step to…

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Six Imperatives to Thrive in Asia-Pacific’s Retail Future

Asia-Pacific will remain the retail industry’s growth engine in the post-corona world. Retailers need to prioritize action in several key areas if they want to gain a sustainable edge over rivals, analysts from consulting firm Bain said in a recent report. According to the report titled “The Future of Retail in Asia-Pacific: How to Thrive…

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Office space. Photo by: Home Thods.

What the Future of Office Administrative Services Industry Looks Like

The Office Administrative Services industry facilitates the day-to-day operations and smooth business functioning of small to big enterprises alike. Besides office administrative personnel, companies in this industry offer financial planning, accounting, billing, and logistics services. In 2017 the Office Administrative Services industry was worth $71 billion worldwide. Fast forward to 2019, it has grown to more than…

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