Corona Crisis: 10 Challenges facing the Retail Industry
Update: 2020-03-29
Description
In this webinar we are going to explore the top 10 Challenges facing the Retail Industry as a result of Corona Virus, as well as explore a response strategy.
Top 10 Challenges facing the Retail Industry
- Panic buying ~ supply chain problems
- Cash-flow / revolving credit / liquidity
- Brick & Mortar forced closures
- Static Inventory on shelves
- Fixed Costs like Leases and obligations
- Labour Costs ~ WFH / Stood-down employees
- Death by Product Category
- Supply Chain availability and responsiveness
- Consideration increase due to job loss fear
- Case Risk for Employees
Covid-19 Response Strategy:
- Communicate - to Customers, Staff, Suppliers and the Government.
- Seek Aid - from Government, Banks and Non-Profit Organisations.
- Reduce Costs - brick & mortar, fixed, non-essential expenses and labour costs.
- Increase Sales - eCommerce, Marketplaces, sell relevant products, and build 1:1 customer journeys.
Upcoming Webinars
- COVID-19 Social Listening Webinar - Tuesday March 31 12:30 pm AEDT
- Corona Crisis Webinar: Education - Thursday April 2 10:30 am AEDT
- Other Corona Crisis Webinars
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel