COVID-19 has shaped and affected every sector of business. When it comes to retail, panic buying has placed an enormous strain on supply chains and turned inventory management upside down.
COVID-19 has shaped and affected every sector of business. When it comes to retail, panic buying has placed an enormous strain on supply chains and turned inventory management upside down.
According to Nielsen reports, shopper behavior is similar across many states despite varying guidelines for reopening businesses. Online shopping is still king with 50% more buyers each week compared to pre-COVID-19 levels. Click and collect is up by 84%, while home delivery is up by 47%.
Virtual meetings are the new normal for people around the globe. Over the past few months, our team has learned a lot about preparing and executing a successful online conference call. Here's the most important thing to remember:
Be yourself! Showing people grace, keeping it casual, and being real with your attendees is far more impactful in the long run (even if you stumble during the meeting).
That being said, a little prep can help keep things on track for a smoother meeting.
Some have called it the “Retail Apocalypse” others called it “Ugly March”, and soon, we’ll be hearing about “Hideous April” too. But there’s no denying that businesses, especially those in retail, were some of the hardest hit during this pandemic.
Addington brings 30 years of consultation and corporate leadership experience to take Arena to the next level
Rogers, AR: Today, Arena announced that Tom Addington, Ph. D. will be joining the company as President, effective May 4, 2020.
Since the start of the COVID-19 pandemic and the subsequent stay-at-home orders, shopping behavior has changed dramatically. Major retailers across the US have been shifting their strategies to meet demand and implementing new policies to help maintain public health.
Retail and grocery might feel like the wild west these days. Shoppers scour the aisles for toilet paper, hand sanitizer, and household cleaning products. Customers book coveted time slots for pickup and delivery as soon as they appear. Restaurants sell groceries to locals.
Unless you’ve been off-grid the past few weeks, you know COVID-19 is here, and it’s having a significant impact on shopping behavior. Not only are consumers stocking up on products they normally would not buy, they’re facing product shortages and having to shop in different stores or seek out what they need online.
Coronavirus is here. Unless you were living in a cave, you've undoubtedly seen the media pandemonium, heard people talking about it, or seen and felt the effects of it on both travel and the stock market.
According to this Nielsen investigation, consumers are rushing to create "pandemic pantries" across the US, China, and Italy. This means retail is not immune from the effects of the virus either, presenting some symptoms that, if not treated, can result in some long-term negative effects.
The 2020 Winter Fancy Food Show promised and delivered on innovation as well as new and emerging trends in the specialty food industry.