28 Apr
How will we do business as the coronavirus continues to spread in our country?
As we all face with this global pandemic, business owners and entrepreneurs have one question in mind – “How will we do business as the coronavirus continues to spread in our country?” A lot of businesses have already closed down when the Enhanced Community Quarantine (ECQ) has been implemented by the Philippine Government and lots of employees lost their jobs specially daily wage earners, that has been brought about by losing resilience to continue operating due to this healthcare crisis.
According to an article posted by the Department of Labor and Employment (DOLE), there were about 31,612 business establishments which declared a temporary closure involving 719,649 workers being displaced, with another 10,224 enterprises resorting to flexible work arrangements which include reduction of workdays, work rotation, forced leave, and work from home or telecommuting affecting 366,404 workers.
With businesses cutting down on operations lies the conflict of addressing the shift in consumer behavior. In an article published by Nielsen, they have stated that “By the time threshold level four, or quarantined living preparation is reached, consumers, will have turned to online shopping.” This is due to the restricted living threshold as physical distancing becomes the norm. As the implementation of the quarantine protocols is gradually being lifted, businesses will operate as usual but will be cautious about health and safety protocols for both their employees and consumers. Permanent shifts in the supply chain and utilization of e-commerce channels will also be part of the so-called ‘new normal’.
Permanent shifts in the supply chain and utilization of e-commerce channels will also be part of the so-called ‘new normal
Decision-makers in businesses should carefully think about how to react in these trying times. Coming up with a business continuity plan is highly recommended to carefully lay down strategies on adapting to the changes. Moreover, e-commerce solutions are also seen as an opportunity most especially for the retail and food and beverage industry as they ease out their operations and adjust to the demands of the market.
In response to save business operations in food and beverage, retail, and service industries, Decode Technologies is in search of partners who are interested to shift to e-commerce to bring their business back to operations while adjusting to the new norm. “As we empower businesses as they shift paradigms, we are also bringing back the confidence within the Philippine market thus, helping normalize our economy in a way we know best,” said our Chief Solutions Architect Miguel Angeles.
As we empower businesses as they shift paradigms, we are also bringing back the confidence within the Philippine market thus, helping normalize our economy in a way we know best,
References:
https://business.inquirer.net/293494/consumer-behavior-shifts-amid-covid-19-pandemic
