Perhaps it wouldn't have made any difference as he was caught marking two players by himself, but imo in that situation you just run towards the ball and hope that the opposition player is selfish and doesn't pass the ball.
He had the time. He just chose the wrong option, could have easily stepped up and challenged the player that scored. Not a major mistake but something that he can look to improve on.
Bonucci would get slaughtered if he defended that first goal like Rugani. Was only put in that position because Cancelo fucked up though. You simply can't lose the ball in that area.