Making the most from the opportunities posed by the coronaviRus pandemic with BusinessRiskTV
Hopefully not all the effects of the coronavirus pandemic will ever be over. The pandemic has given the world a stop clock to look at life in business in other ways. Hopefully a vaccine will be developed to stop people dying but we have been given a once in a century opportunity to change for the better.
Coronavirus hits both supply and demand sides of global economy. CLICK HERE or email [email protected] entering code #CoronavirusRiskManagement.
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We may actually need more than one vaccine
Covid19 should really morph into something less or more deadly to survive and prosper so wherever we are we are a long way from returning to normal.
Instead of returning to normal and life in business being forever harder it could be easier and better.
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It is looking more likely that our leaders want to get back to business as usual not Business 2.1. This is understandable in terms of the complexity of getting over the worst of the pandemic. However all disasters present opportunities to change to transform into a better version of life in business.
For example around 40 percent of people in UK are still working from home compared to prepandemic rate of around 12 percent. One effect of this is to increase cost of working in short term but could it mean reduced costs of working in long term. Was it really necessary for so many people to commute to an office to work?
If the new normal postpandemic was 20 percent working from home it would mean the rest would commute every day as if it was the school holidays. Imagine how much easier that would be for all workers speed of distribution and the environment.
However that would destroy the value of many office blocks and some investments. Many of the UKs biggest property funds are frozen stopping investors withdrawing funds through fear the funds would collapse. How do you value assets post pandemic if people totally change their way of working.
How will retail recover? Will the High Street ever recover? Most retail experts feel that the world of retail may have changed forever. The virus may have turbo charged what was changing anyway but retailers and property valuations have now changed dramatically if society has changed irreversibly.
Our pension funds are no longer based on assets that are the same value. Will the value recover? It will but it will recover by basing investments in underlying assets fit for the purpose of the future not the past.
We may create a vaccine or vaccines for Covid19 and any morphed versions thereof. However if we are determined the impact of the virus will never be over. In a good way!
Could business leaders:
Continue to offer takeaway services or do deliveries from their restaurants?
Manufacture different products in addition to their core business products?
Maintain and hold on to local suppliers instead of using overseas suppliers in diversification of supply chain lines?
Explore online sales development to be more profitable?
Hold on to cost cutting measures to grow profit?
So much good and bad will flow from the pandemic. It is important not to miss out on the good as well has mitigate the bad. What opportunities and threats are in front of you will depend on your industry and perhaps location.
Now is the time to take the best strategic risk management decisions to come out of the coronavirus pandemic stronger than when you went into it
Read other articles and watch videostreams that may help you make better decisions.
Solutions to trade barriers with BusinessRiskTV.com
Solutions to problems of international trade. International trade barrier risk management solution with BusinessRiskTV. Overcoming trade barriers is not straightforward. Find out how to grow your business overseas. Increase the opportunities to grow your business faster. Save money and time growing your business with less uncertainty with BusinessRiskTV.
BusinessRiskTV How To Overcome International Trade Barriers Live Online
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Overcome challenges of international trade with BusinessRiskTV
Understanding international trade barriers helps economic growth. Both local and international trading boosts business resilience and expansion.
How To Advertise Internationally To Help Overcome Barriers To Trade
An international sales strategy with BusinessRiskTV will help you cost effectively diversify your income streams more profitably. We will increase opportunities to sell internationally online. Our eCommerce solutions will help protect your business boost cash flow and make selling more online easier.
How To Do More Business and Increase International Sales With BusinessRiskTV?
Work with us to produce high impact online content to reach more overseas customers. Get support from thousands of business leaders around the world who can provide risk insight and tips to sell more in their country. Reciprocate by helping other business leaders to sell in your country.
Reach more new customers who did not know your business existed. How can you sell to new customers who know nothing about your business offering? Showcase why they should buy from you and not your competitors. Diversify your income streams to build your business resilience to global economic fluctuations.
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A key barrier to international market entry is that potential buyers do not know your business exists. Present your products or services in front of potential buyers more cost effectively.
Link into your existing sales process direct from BusinessRiskTV or use our eCommerce solutions to grow your business faster.
Increase your revenue streams more profitably. Diversify and grow your business faster internationally.
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Strategies To Overcome International Trade Barriers
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Overcoming Trade Barriers
Do not know where to start to export more overseas? BusinessRiskTV can help you overcome barriers to more overseas trading.
Join the relevant working group for your business
Cooperate and work together to generate new revenues
Agree the best new business development strategy
Work with local and global business management experts to overcome all trading barriers. Combined risk knowledge will help you break into new markets. Grow your business faster and build business resilience.
We help you increase market access. Enhance capability to remove barriers to overseas trade. Learn how to overcome barriers to trade yourself.
Work together to negotiate who will do what and when.
Inadequate risk knowledge may be holding your business back.
Reduce the costs of exporting more overseas
Exporting more not only increase sales it increases business resilience
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Join BusinessRiskTV for free today to discover upcoming online virtual discussions on increasing international trade. We present you with clear opportunities to market your business wider inexpensively. Find out how to place your business in the right place more often.
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