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But it’s in the growing world, where healthcare methods are often insufficient and poverty is rife, that people might be hit the hardest. For employees in low-cost sourcing and fashion-manufacturing hubs, corresponding to Bangladesh, Cambodia, Ethiopia, Honduras, and India, extended periods of unemployment will imply starvation and illness. Strategically, there might be an crucial in 2021 to manage commercial opportunities actively and to be acute in choosing winning segments, markets, and channel mixtures. With tourism in the doldrums, home retailers will turn out to be extra essential than ever. We also anticipate to see a rise in M&A activity as firms reap the benefits of low valuations and grab share in fast-growing markets.
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