Malta Chamber of Commerce President, Perit David Xuereb, said that since COVID-19 will be among society until a vaccine is found or herd immunity is achieve, businesses must adapt to meet the changing needs and behaviour of society.
He was commenting in an interview with Newsbook.com.mt. Perit Xuereb highlighted that in the current scenario, businesses must be flexible and savvy.
He added that businesses who survive, be they big businesses or micro industries such as little shops, need to consider how the attitudes of people have been changed by the pandemic.
“People are likely to think more of their health, so the food industry needs to modify as required. Working from home has been shown to be just as efficient as working from the office, so again, workplaces may need to adapt,” said Perit Xuereb.
He added that investment in human resources, particularly in the health and mental well-being of employees was now a must.
“Twenty years ago, having an air conditioning system in the office was an attraction to employment. No one would, today, conceive having an office without air conditioning. Remote working, health care and mental health considerations will now be the new attractors.”
On the importance of diligence and flexibility, Perit Xuereb said that Malta’s size means that if the country manages to carve itself a small slice of the global economy, this would already go a long way.
He said this depends on Malta’s ability to have foresight, be flexible, diligent and disciplined. Perit Xuereb cautioned that if the country fails to prepare, it would be difficult to get just a crumb.
He said that he was pleasantly surprised at the resilience shown by the Maltese people during the days of quasi-lockdown, and that incidents such as the Floriana celebrations appear to be the exception to the rule.