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Preparing For The Next Great Disruption

Challenges and disruptions are part and parcel of life. Today, many businesses that have gained the ability to respond, pivot and navigate market uncertainty in recent years, all have one thing in common – adopting digitization as the instrument to achieve greater organisational agility and resilience. Unknown to many, digitization is only a small fraction of adjusting to new norms; with reskilling and upskilling the workforce, transitioning to a hybrid workforce, and embracing new technologies high on the list of transformational businesses.

According to a recent report by the World Economic Forum, 43 percent of human tasks will be automated, and businesses today should focus on developing the necessary digital skills, including knowhow in artificial intelligence, big data and programming or potentially face skills mismatch in the near future.

With Covid-19 still fresh in the minds of global citizens, the recent discussion of Disease X in the media has certainly raised eyebrows and further accelerated C-level executives to equip their organization with higher operational efficiency. A recurring epidemic may herald the return of hybrid offices, social distancing, masking, and contactless workspaces which will layer additional challenges for business owners to expand, grow and collaborate effectively both domestically and internationally. The right tools, network, and solution to excel productivity while mitigating risks is imperative.

Digitization Secures Your Business Cashflow

Having a digital presence, such as websites or social media account isn’t equivalent to digitization. Instead, digitization is about adapting and transforming your business by digitalizing and streamlining processes to be compatible with fourth industrial revolution practices. In some cases, it involves shifting from manual processes to automated processes, utilizing digital technologies, integrating with multiple solutions, or simply migrating your business to the cloud. Seamless digital processes enable the business to focus better on immediate business goals and unlocking new customers and opportunities.

More options to make inroads when your competitors’ hands are tied is what distinguishes your business from the crowd. With digitization as a cornerstone in enhancing business resilience, businesses would be able to facilitate seamless communication and data exchange without experiencing major impacts from disruptions. Having additional operational agility results in better capabilities to navigate an ever-changing market and make data-driven pivots that are mission critical to the success of the enterprise.

This ultimately provides business continuity; reducing risks while enhancing trust and collaboration between stakeholders to create win-win situations towards mutual profitability and revenue growth. Additionally, digitization also offers businesses better metrics to meet Environmental, Sustainability and Governance requirements which may play a huge role as climate concerns grow in the coming years.

Manoeuvring Covid 19 With DagangHalal

Ask any business owner, and without a doubt, many will claim the C-19 pandemic is the biggest disruption in the last decade. Many distributors, manufacturers, and warehouse operations encountered lower sales and demand for their products and services as both B2B and B2C footfall turned to online portals to meet their needs. Travel restrictions were also imposed, complicating the usual industry tradeshows and events. And yet, DagangHalal thrived during this challenging time.

DagangHalal had the privilege of onboarding many new Halal products and suppliers on our platform. This increase helped many businesses to find new product matches and sales leads, allowing many suppliers to continually operate, trade and export their merchandise locally and internationally without having to attend a single tradeshow or FNB event.

Today, as a leading B2B Halal eMarketplace with a vast number of buyers from over 90 countries, DagangHalal has brought value to suppliers from all over the world within our global distribution network. Helping businesses connect with the greater halal trading world and improving trade opportunities is just the tip of the iceberg. We are also a solutions provider for global halal authentications and are continually working with certification bodies around the globe to help standardize and enable a more fluid cross-border halal trade.

Through our stringent Know-Your-Customer (KYC) process, we have also eliminated many potentially fraudulent bad actors within our global distribution network and continue to provide leads of the highest quality to our business partners at a fraction of the cost. Consequently, this has led to higher standards for the industry and cements our position as the go-to partner for everything Halal. This, together with the utility and reach of our platforms, enables businesses to make data-driven decisions despite any possible disruptions.

Have a listen what some of our customers say about us:

Digitization is no longer a choice but a necessity for businesses seeking to excel in today’s interconnected and dynamic trade landscape. As the market continues to evolve, the enterprise needs to embrace digitization and play their part in growing the resilience and adaptability of their business. Disruptions will come and go, but whether the business survives or not, it boils down to the degree of digitization and the fruit of those integration.

To find out more about DagangHalal, visit our website at: https://rebrand.ly/DagangHalal
Malaysian Businesses can get a RM5000 grant for digitization. Find out more here: https://rebrand.ly/DagangHalalMSMEGrant

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