Corona Crisis: 10 Challenges facing the Retail Industry

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

1. Panic buying ~ supply chain problems
2. Cash-flow / revolving credit / liquidity
3. Brick & Mortar forced closures
4. Static Inventory on shelves 
5. Fixed Costs like Leases and obligations
6. Labour Costs ~ WFH / Stood-down employees
7. Death by Product Category
8. Supply Chain availability and responsiveness
9. Consideration increase due to job loss fear
10. Case Risk for Employees

Covid-19 Response Strategy:

1. Communicate - to Customers, Staff, Suppliers and the Government.
2. Seek Aid  - from Government, Banks and Non-Profit Organisations.
3. Reduce Costs - brick & mortar, fixed, non-essential expenses and labour costs.
4. Increase Sales - eCommerce, Marketplaces, sell relevant products, and build 1:1 customer journeys.

Upcoming Webinars

• COVID-19 Social Listening Webinar - Tuesday March 31 12:30pm AEDT
• Corona Crisis Webinar: Education - Thursday April 2 10:30am AEDT
• Other Corona Crisis Webinars