Thrive Not Survive In Lockdown

During the COVID-19 pandemic, maintaining business flexibility is more important than ever. If companies rethink their financial, business, talent and customer strategies, they can survive the COVID-19 pandemic. Businesses can survive the COVID-19 pandemic, but it will require far more than government bailouts. From offering more remote opportunities to redefining employee roles, your business can thrive despite COVID-19.    

In addition, corporate finance, operations, employee and customer strategy need to be scrutinized to find growth opportunities post-COVID-19. The recovery from the pandemic in a post-COVID world depends on the ability of companies to continue to adapt and respond to the needs of their customers in new ways. Businesses need to understand what customers will appreciate post-COVID-19 and design new use cases and customized experiences based on that information.

To adapt, companies need to rapidly reimagine the customer journey and accelerate the development of digital solutions. To respond to the crisis and its aftermath, businesses must not only rapidly develop digital solutions, but also adapt organizations to new operating models and deliver those solutions to customers and employees at scale.

The Covid-19 pandemic has brought about structural changes, including customer preference for digital engagement and shifts to work-from-home models for employees that are likely to remain post-COVID. The pandemic has reinforced and accelerated an existing trend rather than creating a new one; people switched to e-shopping before the lockdown. At the start of the pandemic, online bookings for life-enhancing industries skyrocketed.

Unfortunately, many companies have had to close their doors forever, but for many, the pandemic has become an opportunity for their business to thrive. Small business owners have spoken to The Independent about how the coronavirus pandemic has affected them and how they are adapting to survive and even thrive. The changes small business owners are making to weather the recession caused by the coronavirus outbreak depend in part on the size of the company. Small businesses in England have been forced to adapt to the devastating impact of the coronavirus pandemic and its devastating impact on shopping habits, socialising and daily life across two blocs of nations.

COVID-19 has brought businesses to their knees as they try to retain customers and find new ways to stay innovative and grow. The world is recovering from the Covid-19 pandemic and some economies are opening cautiously, but the last few months have forced us to monitor our existing business operations and their inefficiencies. Regardless of the size of your business, it has likely been targeted by COVID-19 in one way or another.

Managed service/solution providers who have earned a reputation as a thought leader and restitution to their communities have been rewarded with massive new business. For enterprises, as well as small and medium-sized business (SMB) customers, restoring and maintaining business continuity during the lockdown has accelerated the deployment of edge devices and cloud solutions.

After the lockdown, businesses will begin to see the benefits of being able to work from home with increased productivity, happier and healthier employees, and savings on workspace costs. Companies will have to recoup the money lost in the last months of the lockdown and revalue their workforce. Many manufacturing companies, for example, will be deeply affected by the structural and likely permanent upheavals of globalization caused by the Covid-19 pandemic.

As lockdown restrictions ease around the world, important trends are emerging that will determine how the pandemic will forever change the future of several industries. Undoubtedly, COVID-19 has tested the fragility of existing supply chains and hastened the need to streamline them to prepare them for possible future economic shocks. As most of the world gradually lifts COVID-19 lockdown restrictions towards the end of this year, the question remains whether companies are prepared to face the long-term challenges that seem inevitable in dealing with the pandemic. For many MSPs, quarantine has given them the opportunity to gather important customer information and plan for 2021.

Businesses must continue to actively engage with customers, leverage technology to scale unprecedented levels of innovation, and build adaptive and agile organizations that are resilient to future disasters. Fortunately, the pandemic has drawn attention to innovations that will pave the way for recovery. For example, alcoholic beverage manufacturers are producing hand sanitizers in line with pandemic hygiene guidelines. If organizations are looking to thrive and not just survive the pandemic, they need to rethink customer interactions to explore new revenue streams and revitalize their businesses. The challenge for the pandemic for businesses has been not only to maintain productivity through the digitization of operations, but also to refocus on the new digitalization-driven opportunities for their operations and workforce.

Building an online presence (if you don't already have one) can help your business thrive during lockdown. If what you've done before doesn't matter during blocking, suggest/do something else to complement your existing business, but it's a separate entity. If you feel like you've made huge strides or nothing, stay tuned to these goals as they will be a key factor in helping your business survive and thrive during the lockdown. Shantel Nicholson also said the coronavirus pandemic had highlighted the importance of supporting local small businesses.

While the global COVID-19 pandemic has accelerated demand for specific IT solutions and services, COVID-19 has also prompted IT companies to more broadly rethink how IT companies approach customer acquisition, acquisition and support, according to vendor-representing CIOs managed services. (MSP) Supplier and Distributor Community on the Survive and Thrive Panel at the CompTIA 2020 EMEA Partners and Members Conference hosted by Nancy Hammerwick, CompTIA Sector Executive Vice President.

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