The world is locking down, governments are closing boarders, people are being placed into isolation. At home in Australia, gatherings of more than 500 people have been banned with criminal consequences. Sporting events have been cancelled or played in stadiums without fans. Despite billions of dollars in government stimulus packages, the situation remains grim. Clear evidence that neither governments nor businesses control the external business environment. COVID 19 is creating chaos but is it also creating opportunities?
Amongst the hysteria created by the world epidemic of COVID 19 lies many business opportunities. Supply chains and logistics channels are disrupted. The demand for product and services has experienced change. Whether that is, the insatiable demand for toilet rolls or a need for “work from home” staffing solutions, opportunities exist.
Which opportunities are available to your businesses? Have you developed “Blue Ocean” differentiated strategies to secure new clients?
Additionally, are there business processes, marketing and pricing changes required to take advantage of the presenting supply opportunities. For example;
Communication with all parts of the supply and logistic chains is critical. Including communicating with suppliers, customers and employees. Have you thought of speaking to your competitors?
If you’re unsure about how your business and family can execute a path out, seek the assistance of an independent specialist like Woodhouse.