--- title: COVID-19 Business Sentiment and Resilience Barometer Report description: Amidst the COVID-19 outbreak, 50% of APAC businesses are concerned about the future and 43% of APAC businesses are considering seeking out third-party support for business continuity planning, cost reduction and operational streamlining. image: https://lennardyong.com/hubfs/Banner%20(2)-1.jpg --- [Skip to content](https://lennardyong.com/en/public-relations/covid-19-business-sentiment-and-resilience-barometer-report#main-content) - [Background](https://lennardyong.com/#background1) - [Hobbies/Passions](https://lennardyong.com/#hobbies1) - [Biography](https://lennardyong.com/#biography1) Open main navigation Close main navigation - [Background](https://lennardyong.com/#background1) - [Hobbies/Passions](https://lennardyong.com/#hobbies1) - [Biography](https://lennardyong.com/#biography1) - [Connect with me](https://hk.linkedin.com/in/lennardyong) Open search Close search [Connect with me](https://hk.linkedin.com/in/lennardyong) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # COVID-19 Business Sentiment and Resilience Barometer Report | **Amidst the COVID-19 outbreak, 50% of APAC businesses are concerned about the future and 43% of APAC businesses are considering seeking out third-party support for business continuity planning, cost reduction and operational streamlining.** ### **Thriving Amidst Business Uncertainty** We believe that information and education are vital resources in managing business operations, especially as companies confront a new reality filled with challenges and complex implications for business growth. Tricor Group **COVID-19 Business Sentiment and Resilience Barometer** **Report **evaluates how the Coronavirus (COVID-19) outbreak is impacting Asia Pacific business sentiment, business continuity planning, operational decision-making, business restructuring, risk management, outsourcing and offshoring strategies.  [**Download our survey findings**](https://www.tricorglobal.com/en/business-resilience-in-2020#download-now) to better understand the implications of COVID-19 on local businesses, as well as how to mitigate risks, maintain continuity and scale up readiness and response in the face of business uncertainty. ### **What's in this report?** The COVID-19 Business Sentiment and Resilience Barometer Report contains: - Key primary research findings from an in-depth sentiment survey conducted of business leaders and finance executives at 1,050 companies in APAC, sampling a cross-section of industries and firms in the private sector. Represented companies include entrepreneurs, startups, small, mid-size, MNCs and listed companies.   - Key findings include: - **1 out of 2** executives agrees that their business has been impacted by the current public health situation and are concerned about the future of their business. - **43%** of executives report that if the situation gets worse, they will need to consider restructuring operations. - **Less than 1 in 3** executives are confident they have well-equipped crisis management teams capable of handling the situation. - **43%** of the executives agree that COVID-19 has heightened their awareness of business continuity risks and has increased their need for third-party, consulting and outsourcing support. - **46%** of the executives are actively looking for ways to streamline business functions through cost reductions and operational efficiency. - **Nearly half** of the executives cite cost reduction as a key strategic focus to help navigate business uncertainty resulting from the acute reliance on Mainland China. - Industry breakdowns from the Barometer report highlighting how the COVID-19 is impacting companies in various sectors, including infrastructure, manufacturing, consumer goods, financial services, professional services, technology, hospitality and travel. - Insights on how agile companies can leverage outsourcing and offshoring strategies to prepare for disruptions and protect day-to-day operations. ### Accelerate Business Resilience Leverage Tricor's expert insights to future-proof business operations so your organization can remain nimble and strong in the face of change and disruption. Tricor helps clients mitigate risk, optimize GRC (governance, risk and compliance) strategies, diversify operations and achieve business resilience – now and well into the future. | | --- | [Thought Leadership](https://lennardyong.com/en/public-relations/tag/thought-leadership) ## Related posts [![](https://lennardyong.com/hs-fs/hubfs/564000005680501.jpeg?height=500&name=564000005680501.jpeg)](https://lennardyong.com/en/public-relations/4-key-learnings-to-improve-business-resilience-during-covid) [Media Interviews](https://lennardyong.com/en/public-relations/tag/media-interviews) ## [4 Key Learnings to Improve Business Resilience During COVID](https://lennardyong.com/en/public-relations/4-key-learnings-to-improve-business-resilience-during-covid) TriCore Group has released research results for executives of leading organizations around the... 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