To minimize the impacts caused by the pandemic coronavirus and reduce contagion among the population, numerous countries have adopted preventive measures that establish social distancing and restrict the movement of people in cities.
Certain measures end up impacting different sectors of the industry. The entertainment and leisure sectors, for example, cannot function without people being out and about and consuming certain products or services. On the other hand, the retail and wellness segments ended up growing.
We are living in uncertain times and the only truth we know is that there will be a pre-coronavirus world and a post-coronavirus world.
So, in today’s post, we’re going to share some thoughts to help you get through each of these moments.
Check it out!
Reframing: Try to extract something good from the pandemic
It is normal for the current situation to cause a lot of insecurity among company leaders. However, depending on how you see the situation, this can be a time for learning and innovation.
Try to reevaluate your company's processes and restructure weak points to adapt to the digitalization moment and the scenario that will come after all this problem is over.
Use your free time to innovate and bring improvements to your business. Those who do not adapt to reality will be overwhelmed by the new demands and customs of the market when everything is over.
In a pandemic scenario, only those who want to waste time. If you are going to go backwards, let it be to gain momentum and come out stronger when everything is over.
Cutting costs is not always the best option
Nowadays, it is common to see companies cutting costs to stay in the market. However, have you ever stopped to think that this might not be the best option?
It is a fact that demand from companies has fallen considerably, which has brought a lot of uncertainty. This situation has caused large retailers to reduce, and even cancel, their orders with distributors and the industry. The result of these actions causes a domino effect on the scenario, which ends up impacting all links in the supply chain.
Consequently, the most vulnerable companies, namely small and medium-sized companies, will suffer the greatest impacts. Some of them will probably be forced to stop their operations and others will even close their businesses.
In the short term, your company's supply chain will not be negatively impacted, that is true. However, in the long term, when the entire pandemic situation is over and the market heats up again, with the bankruptcy and closure of some suppliers, companies may face major disruptions in the supply chain.
Separate to bring closer and be more productive
Many companies have adopted a home office model to avoid having to stop their operations. Since it is a new situation for the vast majority of professionals, the adaptation period is really difficult, but afterwards, the benefits are undeniable.
Have you ever stopped to think about how productive it is to work from home? It’s common to hear professionals say that they’re working much more now than when they had to go to the office.
This distancing caused by the pandemic has brought teams closer together. After all, people need to maintain daily contact to seek alignment and discuss ideas.
Another positive point is meetings. Sales teams and buyers no longer waste time traveling to business partners. Simply create an online meeting room and start interacting.
Previously, teams would hold between one and two meetings per day. Today, with technology and digitalization, this number can easily be doubled.
So, did you like this post? What did you think of the thoughts we left here? If you have any more to add, leave them in the comments!
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