Strategic Objectives for Myanmar Smart Grid Strategy – Actionable Strategies has signed a Memorandum of Understanding with a consortium of energy companies in Myanmar to pursue a Smart Grid Strategy and implementation. The long-term strategy will begin with grid modernization in Yangon, adding more advanced Smart Grid technologies with a foundation of information and communication technologies. Myanmar has the lowest electrification rate in Southeast Asia, constraining economic growth and impacting social, environmental and developmental improvements.
Strategic Planning During Heightened Uncertainty – The global pandemic has heightened uncertainty which increases the need for an actionable and achievable strategic plan. Key planning considerations include uncertainty over the shape and timing of the recovery, transformation of many aspects of core business models, political uncertainty and the return of ESG.
Business Recovery Lessons – Chinese business leaders provided the following lessons: omnichannel is now imperative, direct to consumer is a reality, continue transmission protocols, face-to-face interaction remains important, telework will persist.
Supply Chain Diversity – Reducing risk from overseas supply chains is important. Lessons can be learned from the financial crisis and diversification of prime brokerage.
Spending Velocity will Curtail Recovery – As money flows back into the economy, the rate of spending will decrease as work-at-home continues and households pay existing bills and replenish savings. This reduced velocity will dampen the rebound, inhibiting a rapid V-shaped recovery.
Virtual Work – Creating a virtual work environment is a leadership challenge that should be managed. Being productive at home involves controlling yourself as well as your environment.