With Covid19 looming in the air, literally, and most businesses are shuttered indefinitely. Some businesses are struggling to keep afloat to survive. Some as early as now is planning for the COVID 19 pandemic after effects.
Major industries such are manufacturing are first to suffer. Some industries might to able to bounce back once the quarantines have been lifted. The retail industry businesses are the hardest hit. When the smoke clears, most of them will have had incurred expenses without income. Expenses such as rent, electricity, manpower are the constant. These expenses, are merely postponed and not waived.
Action versus inaction: preparing for COVID 19 pandemic after effects
For companies planning for COVID 19 pandemic after effects now are more likely to find a cushion to minimize the impact. Some have already adapted and have literally started and are doing business in these times.
The first among these are retail dining. Retail food has for some time offered a “take-out” or “take-home” service. While it may take a while for things to normalize, these stores have turned more and more into this mode of foodservice. Food products not traditionally delivered such as “milk tea” have already jumped on the bandwagon. In doing this, the delivery service has relied more on delivery service providers or Transport Network Vehicle Services(TNVS).
TNVS are more organized and systematized and are ready to face this pandemic head-on. While following safety protocols and educating their riders, this industry is the perfect marriage for a struggling food retail industry. While not guaranteeing a safety net for the retail industry, it most definitely offers a kick start.
Some small or home-based food businesses have caught on. We can now see some unknown or little known name brands popping out on TNVS apps or websites. This indicates that business is indeed starting to pick up. Other small businesses have already started following this mode of business. Businesses like “face masks” and other “Personal protective equipment” for use directly by the consumer have constant if not increasing business simply by capitalizing the use of TNVS.
For businesses to keep afloat, finding ways to keep improving, innovating, and adapting to the times is the lesson to be had here. Simply waiting it out for a pandemic to end and doing something is key.