He tried hard to adapt
himself to the new conditions.
We have had to adapt
quickly to the new system.
Spanish fashion retail giant Inditex, owner of brands such as Zara, said it will further adapt its business strategies to consumer needs and adjust store opening plan in China, renovate existing ones, exploit the power of the digital medium and remain upbeat about the local market where consumption upgrade and consumption recovery now form the backdrop.
Meanwhile, Chinese companies have demonstrated their ability to adapt, embrace new technologies and optimize processes, Wang said.
Meanwhile, Ma said that as the times and consumer preferences keep changing, long-established brands must adapt to meet the changing needs of consumers.
"The steady integration between the digital economy and the real economy will help foreign enterprises better adapt to the local business environment.
To better adapt to China's current relatively sluggish property market, many listed property developers have been actively taking steps to restructure their debts.
"We see how quickly new energy vehicles (in China) are changing, adapting to consumer needs … for us, we also need to adapt," Han said, adding that part of the initiative is to decrease time to market and provide quicker products and services to customers.
Pete Lau, senior vice-president and chief product officer of Oppo, said in an interview after the launch that "Find N3 is designed to target 'new' business people who are better educated and adapt to mobile devices as productivity tools.
Oppo高级副总裁兼首席产品官Pete Lau在发布会后接受采访时表示，“Find N3旨在瞄准受过更好教育并适应移动设备作为生产力工具的‘新’商业人士。
Along with rapid economic development, consumers' habits and preferences are evolving quickly, and some old-style department stores have failed to adapt to the new changes, Qi said.
The only solution to stay competitive in the retail market is to constantly adapt to consumers' new needs," Qi added.
We don't ignore the frictions around the world; we adapt to them.
Wang Yuxiang, deputy head of the Insurance Association of China, said: "Industry players should actively adapt to the trend of digital transformation, create a good digital ecosystem, and form their digital advantages.
Their products adapt to the needs of colors varied by the markets.
These purchasing behaviors require companies to maintain proximity to their customers in order to adapt swiftly.
As new energy vehicles gain increasing popularity, all players in the industry need to adapt their product offerings quickly to keep up with the changing market trends.
"With a focus on engineering practice, the contest aims to advance the student's innovation and practical skills, and encourage them to try to solve technical problems in real industrial scenes by making full use of interdisciplinary knowledge, so as to adapt to the changes brought about by new technologies," said Gu.
And of course, the company will also actively adapt to this new world and thus adjust the layout and strategy accordingly, more than just getting the business back to normal.
""For NAOS, how to adapt in this era is where the crucial point is," Unkovic added.
We will further adapt our networks, terminals and modules to the demands of different sectors," Liu said.
So today, there is cross-learning that we adapt through the communities that we have inside the company," he added.
"And every year we bring our people from other parts of the globe to learn what we are doing in China and how we can copy and adapt some of these best practices to other markets," he said.
"This strategic cooperation will help our Chinese partner and conventional tenants join the hybrid work model in a phased and measured manner," said Hu, adding it will also allow them better adapt to the new norm of pandemic uncertainty, and gradually transform from the local traditional office model into a hybrid model of "centralized headquarters office plus flexible office distribution plus home office", eventually injecting new momentum for the growth of all stakeholders.
The goal is to ensure that the Antarctic vehicle can adapt to various harsh environments and successfully complete the research missions.
They, too, are quick to adapt to the changing business environment in China.
The plan is designed by the government to push SOEs to adapt to market-oriented and law-based rules and norms as soon as possible, and assume greater responsibility in an open and innovative environment.
In addition, the company also feels the need to adapt to the consumer trends of growing market demand and quality awareness in China, and will work very closely with customers to co-create new solutions, he added.
CRRC Qingdao Sifang has also made changes to adapt to the local environment and routes in Indonesia and has incorporated Indonesian cultural elements to give passengers a more comfortable traveling experience.
Despite those companies having faced multiple challenges like COVID-19, they exemplified the resilience and ability to rapidly recover from the pandemic and adapt to new situations," said Frank Xu, managing partner of Deloitte Private China.
Drink brands diversify products to target consumers' rising health awarenessCoca-Cola, the world's leading beverage maker, has recently rolled out its first ready-to-drink (RTD) herbal tea product on the Chinese mainland as part of its attempts to better adapt to the local market.
The Three-Year Action Plan is designed by the Chinese government to push SOEs to adapt themselves to market-oriented and law-based rules and norms in the new era as soon as possible, and assume greater responsibility in an open and innovative environment.
China Re Group will continue to adhere to the general tone of "making progress while ensuring stability and value creation", insist on the business strategy of "stabilizing growth, adjusting structure, controlling risk and increasing profitability", stabilize fundamentals, build up new momentum, and actively adapt to industry transformation to continually promote the high-quality development of the Group and create greater value for clients and shareholders.
In-depth business integration in key areas major task in achieving goalsChina's centrally administered State-owned enterprises in various sectors, including rare earth and coal, have promoted in-depth business integration this year and will continue such efforts next year to fully achieve the goals outlined by a three-year action plan (2020-22) guiding SOEs to deepen reform, better adapt to market-oriented norms and ramp up mixed-ownership efforts actively and steadily, an official said.
Wang added that Bilibili's acquisition will not have a significant impact on the online payment industry in the short term, as it takes time to change users' payment habits and adapt to new payment functions.
"We will continue to adapt to new international economic and trade conditions and adjust the source for imports of certain agricultural products, especially with markets participating in the BRI," said Chi Jingtao, Sinograin's president.
According to him, China's manufacturing industry must change itself to adapt to complicated and volatile environment.
Apart from entrusting local supervising companies to oversee quality control and environmental protection issues, CRBC hired Croatian law firms and consulting companies in order to adapt to EU regulations regarding infrastructure projects.
Syngenta group currently invests up to $2 billion a year across its business units for research to help farmers not only adapt to climate change, but become part of the solution to climate change.
They should adapt to market rules and strengthen their study and compliance with domestic and foreign anti-monopoly laws," said Liu Xiaohan, Party secretary of the Hebei Pharmaceutical Profession Association.
He said Chinese enterprises should adapt to market rules and strengthen study of and compliance with domestic and foreign anti-monopoly laws.
Under the plan, the SOEs should adapt themselves to market-oriented and law-based rules and norms in the new era as soon as possible and assume greater responsibility in an open and innovative environment.
"The advanced event-based solutions from Prophesee can greatly reduce excessive data, accelerate the recognition speed and at the same time widen the dynamic range so that it can also quickly adapt to the extreme light conditions," he said.
We will continue to invest in online operations and digitalization to adapt to the trend," said Zheng Jie, president of Anta Group.
Reducing sugar in children's snacks is bound to become an industry trend, but it is not easy for children to adapt to less sugar and higher nutrition.
As a global company that has already transformed its business nature from a manufacturing company to a service-oriented manufacturer to better adapt to China's changing market environment, Vossoughi said Michelin, supported by three manufacturing bases in China, will continue to expand its sales channels both online and offline to maintain robust growth in this lucrative market.
"Among all products we offer to customers and by FYP contribution, over 90 percent are customized and co-designed by us and insurance carriers," said Yang Guang, co-founder of Waterdrop Inc. Yang, who is also director and general Manager of Waterdrop Insurance Marketplace, said, "In light of the introduction of the new regulatory definition of critical illness, we shifted our product offerings to adapt to the new definition and requirements to better cater to customer needs, and ensure our sustainable growth.
"Under current circumstances, many large companies are gearing up to accelerate their transformation in a bid to better adapt to the changing market, and SMEs are more flexible in this regard.
The three-year action plan is designed to implement measures outlined by the 19th National Congress of the Communist Party of China in late 2017 to push SOEs to adapt themselves to market-oriented and law-based rules and norms in the new era as soon as possible and assume greater responsibility in an open and innovative environment, according to information released by the State-owned Assets Supervision and Administration Commission of the State Council－the country's Cabinet.
In the field of sports, the integration of broadcast television and sports events has given rise to new forms and new models such as 5G plus ultra-high-definition content and cloud stadiums, which brings a high-quality audience experience and puts forward new requirements for how the audio-visual industry can adapt to technological advancements, said Tan Lilin, deputy director of the network audiovisual program management department at the National Radio and Television Administration.
"Chinese household products will enter a new era of the smart home economy and need to embrace digitalization to transition to the intelligent product era, to better meet people's demands for a high-quality life," she said, adding the company will accelerate the transformation of its business nature from a manufacturing company to a service-oriented manufacturer to better adapt to China's changing market environment.
Wang Peng, an associate professor at the Hillhouse Research Institute of Renmin University of China, said:"For ByteDance, its corporate strategy must be repositioned in order to adapt to the changing internal and external environment.
It's much more complicated to have that global strategy and also have teams locally that will adapt their own specific strategy.
Supported by about 4,000 employees in China, Vorwerk aims to accelerate the transformation of its business nature from a manufacturing company to a service-oriented manufacturer to better adapt to China's changing market environment.
How will your company adapt to China's new growth paradigm?
Zhang said industrial software technologies, in particular, are poised to take a significant step in helping customers adapt to changes in an era where working remotely becomes the new normal.
"As we adapt to the post-COVID-19 'new normal', the world needs more innovation from chemical companies, not only in product innovation but in service innovation and communication innovation," said Yoke Loon Lim, director of AICM and president of Dow's China unit.
They must adapt to a new, highly competitive, globalized and digitized environment.
"Although challenges related to COVID-19 continued to affect our global business in the third quarter, we were able to quickly adapt our operations and show strong profitability amid great uncertainties.
With a capacity of 78 to 90 seats and a range of 3,700 km, it can fly in alpine and plateau regions and adapt to varying airport conditions.
It also emphasized the rising importance of data security and personal information protection, where new regulations and standards are springing up across countries to adapt to emerging security challenges.
In addition to signing business contracts and cooperation agreements with the world's major agricultural goods traders－including United States-based Cargill Inc and France's Louis Dreyfus Co－to import soybeans in recent years, the company will continue to adapt to new international economic and trade conditions and actively adjust its source for imports of certain agricultural products, especially with markets taking part in the Belt and Road Initiative, Sinograin President Chi Jingtao said.
Despite the shrinking of the global trade market and rising protectionism, Ning said that the dual-cycle development pattern will help Chinese companies to better adapt to the current global business environment.
Genki case has illustrated that, despite strong dominance by established brands, a new disrupter is able to rise, boosted by quick innovation and accurate positioning to constantly attract consumers and adapt to market changes, she said.
In mid-March, Didi announced 10 fundamental steps to adapt its services to the health crisis in the country, based on the experience it has accumulated in fighting the pandemic in other parts of the world.
Using Alibaba's big data analysis on customer preferences, export-driven companies can quickly adapt their portfolio to meet the needs of domestic clients to boost sales.
Zong represents a batch of China's traditional industrial enterprises that have begun to embrace live broadcasting to adapt to the surging tide of the Internet economy.
"Based on the amount of funding and liquidity available being able to adapt to the new norms and also the new constraints faced by business, a lot of companies that were previously using fresh capital to expand into new markets to launch new products will need to adapt to changes in the business environment," Tang said.
IDC will continue to increase our research resources to provide advice for our clients to adapt to the future.
(1) Share the government's plans, the stimulus programs coverage, the 14th Five-Year Plan agenda, so the IDC can link technology trends with plans to help traditional industries transform and help new companies adapt to the ecosystem.
"While maintaining its industrial features, the 59,000 square meters area will adapt to its new positioning of international conventions, cultural exhibitions, information releases, product showcases and business,"Wang said.
Right now, CSSC, like a massive ocean liner, is performing delicate maneuvers, to adapt itself to the needs of the epidemic-stricken nation.
This means the AI system is able to realize self-iteration and model optimization to automatically adapt to medical images with different layers of thicknesses from different hospitals and different equipment.
To adapt Hand USA to its local customers, Chen has been diversifying his team by learning from the parent company's hiring strategy: enrolling fresh faces from college, training them first for theory study and then for project completion, before discerning who are suitable.
Medtronic is looking to support Chinese physicians' capability enhancement, and help them better adapt to medical technology advancement, so that they can serve more patients with stronger professional abilities, and the goal of a healthy society can be achieved sooner," said Omar Ishrak, chairman and chief executive officer of Medtronic.
Mary Gilly, a professor of marketing at the University of California Paul Merage School, told China Daily that shopping centers must adapt or die.
"The key characteristic of our internet-based hospital service is that we seek to adapt our treatment plans to the individual patients' specific circumstances," Xie added.
All these efforts are aimed to instill new vitality to boost the group's earning ability and further cut previous administrative and monopoly roles to better adapt to the new changes and new market environment brought by China's reform in the salt industry, said Li Yaoqiang, chairman of the Beijing-headquartered group.
While some sectors may be struggling to adapt, there is still strong demand in the "quality" sector.
As an emerging travel lifestyle brand, Ninetygo provides traveland outdoor-related products like suitcases, backpacks, storage bags, functional clothes and shoes, which aim to serve the new generation of urbanites who want to reward themselves with modern, high-quality experiences that adapt to multiple travel scenarios.
Ever since, major cruise operators are adjusting their strategy to adapt to the new market trends, with river cruises and upgrade of major cruise home ports being key growth areas, the report said.
"Our talent attraction and development strategies will also need to adapt to the new environment and market trends, so as to better address employees' needs," said the Greek executive, adding the company is also leveraging data analytics to identify and develop the next generation of leaders for both China and the world.
Tim Pfeiffer, the senior vice-president of Business Affairs for the Family & Brands division at Entertainment One UK Ltd, the company that manages Peppa Pig, said that the introduction of the Internet Court has allowed China to better adapt to the digital environment and emerging trends such as the sharing economy.
Also, they have to be conscious of, and be able to adapt to, local laws and regulations.
We need to adapt to different cultures to promote business.
As one of the first in the luxury sector to adapt to the high-street model of vertical integration, Suitsupply controls everything from cloth weaving to final sales.
It will allow to adapt life to our needs," he said.
"While the gaming sector is still under a regulatory environment of tight controls of total video games numbers, it will take a while for gaming companies to adapt to the new environment and make moves accordingly," he added.
Chinese companies should continue to adapt this trend and embrace some new technologies to enrich their operations at both home and overseas," he said.
"I think the key (for Costco to gain in China) will be Costco's business model and how well it can adapt to the retail reality in China," Yu added.
The device excels in hardware and is designed to adapt to a number of Tencent-developed phones, the company said in a press release.
Chinese consumers are also quick to adapt to new technologies, said Mohan.
It's not going to change our strategies to grow, even though now we need to adapt ourselves a bit to an environment of falling sales.
This is particularly true in Western markets where large legacy companies struggle to adapt their infrastructure, but in China domestic companies can start fresh to build businesses in a new model from scratch.
The new generation of the Dyson V11 Absolute, which made its debut in the Chinese market as well as the world in March, has a smart mode to adjust work pattern and speed to automatically adapt to different materials, such as wooden floors and carpets, according to its product engineers.
"According to Wang, the new-generation product named the G-series crane has been designed to adapt to the environment and work in different geographical regions.
"Every time we look to exploit a new market, XCMG will fully understand the unique requirements of local customers, so as to design and adapt products in accordance to their needs," he said.
The cranes for the Russian market are developed to withstand low-temperature weather, whilst those for Southeast Asia can adapt to narrow construction areas and local humid environment.
Roy Jakobs helps Philips adapt to tech-enabled lifestyles of the 21st centuryConversant in five European languages and having traveled and worked in many parts of the world, Roy Jakobs, executive vice-president of appliance giant Royal Philips, thinks he knows a thing or two about the latest activities in innovation.
They call it Adaptive Intelligence, as it supports solutions that adapt to people's needs and extend their capabilities - helping consumers to live healthy lifestyles.
They expect these AI-enabled personal health solutions to make consumer products more intelligent than ever before, have them adapt to user needs to provide optimized personalized user experiences.
"With strong research and development capability, we are able to achieve exceptional innovation speed and quality" that allows the company to adapt to industry trends and market needs, said Ouyang, and the company is one of the biggest Chinese clients for UL that tests and certifies product qualities.
Tailor-made vessels are more flexible and boast stronger performance in certain cases as it can adapt to different marine demands during transportation, he said.