COVID-19 has had a significant impact on the jewelry industry. The pandemic has caused a sharp drop in demand for luxury goods, especially those from China. This has forced some businesses to close their doors temporarily or permanently. Jewelry is a $200B+ industry worldwide. In 2019, the global jewelry market was valued at $196.1B, according […]
What Will Post-COVID Travel Look Like?
It’s hard to think of another sector that’s been impacted as badly by COVID-19. The headline-grabbing outbreak on the cruise ship Diamond Princess set things off to a bad start for travel stocks, and as borders closed and cities locked down, some people predicted the demise of the travel industry entirely. But thankfully, the travel […]
50% of Microbusiness Owners Still Reeling from Coronavirus Pandemic
Half of microbusinesses — those with five or fewer employees — are still being negatively impacted by the coronavirus pandemic, according to a new survey from Yahoo Small Business. Among these struggling microbusinesses, 66% have considered shuttering. Here’s what Yahoo found during its deep look at the current state of businesses: Technology remains a key driver […]
5 Ways COVID-19 Has Transformed Business Globally
With budgets frozen, storefronts closing, and events canceling, the COVID-19 pandemic changed the business and marketing landscape almost beyond recognition. Consumer behavior has also significantly adjusted, with almost 90% of consumers reporting that they have made changes to their shopping behavior due to the pandemic. Here are some of the main ways that COVID-19 changed […]
How are Car Dealers Expected to Perform in 2021?
2020 was a year to forget for car dealers with the sale of new cars plummeting by almost 30% as a result of the pandemic. The lockdown, restrictions and low consumer confidence were all contributing factors to “the lost year”, but what can dealers expect from 2021 in a year where there are reasons to […]
What Qualities Does a Leader Need, Post-Covid?
Covid-19 has had a fairly seismic impact on the world of business. It’s forced companies to invest heavily in digital; it’s forced others to rethink their business model entirely. It’s presented business leaders with entirely new kinds of challenge, too. Leaders who need to prosper in the post-Covid environment will find themselves leaning more heavily […]
How Your Local Business Can Prosper After Covid
Now is the time to get into position Businesses are ready to reopen but the cases and deaths from COVID-19 keep rising. Will customers start to come out even when the government says it is okay to do so? While data on that question is not yet available, we know for sure things will be […]