Louis A Farrugia

Out of adversity spring innovation and opportunities for growth if one maintains a positive mindset, according to Louis A Farrugia, Chairman of Farsons Group and visionary entrepreneur for the last 45 years.

“We can be cautiously optimistic that with the distribution of COVID-19 vaccines in the first quarter of 2021, business confidence will grow,” asserts the Chairman, a respected veteran in Malta’s business community.

“The pandemic’s effect on the world economy will be long-lasting and profound. It has boosted the digital world, including online sales and delivery services, radically changed the office environment and threatened service industries with closure. Above all, the travel sector is facing the unprecedented possibility of being decimated.”

But for Louis, there are always learnings to be gleaned. “Businesses must consider a post-pandemic survival plan that takes into account another crisis of this kind in the short-to medium-term,” he says.

“Companies that have prospered in 2020 are those with robust digital infrastructures, such as Amazon, so there are lessons and growth opportunities to be had here. It would also be opportune to analyse one’s business model, to see how it has been affected and how it can evolve.”

The Chairman’s advice “is to remain calm and not shy away from professional help to ride out the storm. We can’t just think about our present predicament but must look to the future by reviewing one’s strengths and looking at new opportunities while also tackling one’s weaknesses. In a nutshell, we will have to reinvent parts of our businesses.”

‘My vision is not just to meet local standards, but to exceed them’ – Dr Anna Maria Fenech Magrin

19 February 2024
by Sarah Muscat Azzopardi

The Medical Director at DoctorAM Clinics is bringing all of her knowedge and experience in the field of aesthetic medicine ...

Addressing skill gap in advanced technology will be 2024’s primary challenge – EBO.ai CEO Gege Gatt

26 January 2024
by Fabrizio Tabone

During an interview from our latest series, the AI expert says he wants to align his personal growth with that ...

Charlene Sciberras’s journey to CEO ‘reshaped’ her approach to leadership and ‘honed’ her abilities

25 January 2024
by Fabrizio Tabone

In our end-of-year series, she states that her promotion to CEO back in March was a ‘pivotal and transformative experience’ ...

‘Success is a shared journey, not a solo endeavour’ – VentureMax CEO Justin Paul Anastasi

25 January 2024
by Fabrizio Tabone

In the latest article from MaltaCEOs.mt’s interview series, the VentureMax CEO says 2023 was ‘transformative’, yet also equally ‘intense’ and ...

Close Bitnami banner