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Photo: Xinhua News Agency / Contributor

American companies can learn from the experience of Chinese companies that stayed afloat during the months-long shutdowns as China fought the coronavirus, Boston Consulting Group’s chief economist Philipp Carlsson-Szlezak told me in an interview.

What they're saying: CEOs should lead the response themselves. "You have to really be in the moment. This is moving so fast," said Carlsson-Szlezak.

  • Company leaders have to "reframe this on a daily basis;" it can't be delegated to a task force.

Redeploy workers, don't lay them off. "You don't want to go into a mode where you lay off workers particularly since you don't know the duration," said Carlsson-Szlezak.

  • Some Chinese companies found creative ways to redeploy their temporary overcapacity — for example, one Chinese company quickly retrained staff as online influencers and were able to expand online sales.

Consider which consumer behaviors might change permanently. Some changes will be temporary, but others might stick.

  • The crisis may lead consumers to embrace different ways of interacting with companies and products.

Prepare for the rebound ... whenever it comes. "For many Chinese companies ... it was not easily predictable how soon a rebound would be underway."

  • Carlsson-Szlezak said that companies have to prepare in advance for that scenario, so that they are ready when the rebound comes and don't lag behind.

Go deeper: The coronavirus economy will devastate those who can least afford it

Go deeper

Using apps to prevent deadly police encounters

Illustration: Sarah Grillo/Axios

Mobile phone apps are evolving in ways that can stop rather than simply document deadly police encounters with people of color — including notifying family and lawyers about potential violations in real time.

Why it matters: As states and cities face pressure to reform excessive force policies, apps that monitor police are becoming more interactive, gathering evidence against rogue officers as well as posting social media videos to shame the agencies.

Dan Primack, author of Pro Rata
15 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: President Trump has sought to undo the Obama-era program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting new applications for DACA as soon as Monday.