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How The Coronavirus May Affect Your Business
This entry was posted on March 9, 2020.
With cases of the Coronavirus (Covid-19) increasing rapidly in the UK, all companies of different sizes are looking at solutions to prevent the spread of this virus. With many businesses advising staff to keep unneeded contact to a minimum to assure the health of their employees. This can greatly affect how businesses source and buy product.
This change in procedure can see face to face meetings cancelled for more impersonal methods, and the most efficient would be online purchasing. With the growing concern over Covid-19, more orders are placed via the web for both wholesale and retail. Retailers are cautious of their staff putting themselves at risk with meeting suppliers in person, which means phone meetings and email correspondents are much more likely means of communication. Having a fully functional website your clients can view details of products and purchase successfully will be very beneficial at this time.
As for B2C, more and more people are choosing to self-isolate, which leaves consumers solely using online method to purchase goods. Though the Coronavirus could have a negative effect on the high street, ecommerce platforms may see a substantial increase in demand. With this in mind, having a sufficient amount of stock available to keep with demand is paramount.
RSW International advises all businesses to keep up to date with advice from Public Health England, The NHS and The Foreign Office for relevant action that may need to be taken.