Last year, the coronavirus pandemic caused worldwide economic hardships. Businesses shut down for long periods — or were permanently shuttered — and the repercussions are continuing to show up in the way people do business. Many companies had to rethink their dependence on outside suppliers for important day-to-day supplies such as signage and marketing collateral, since many print shops were forced to close.
In the world of manufacturing, distribution, shipping, and other related industries, supply chain risk management is a key operational goal. Focusing on supply chain risk management reduces the chances that a disruption will have a direct impact on a company's productivity — and profitability. It allows a company to maintain business continuity, either providing goods and services to other businesses or consumers, by reducing the possibility of errors, malicious incursions, and many other problematic issues.
Like many industries, the law industry was tipped head over heels by the ongoing pandemic. As more brick-and-mortar office shut down to keep employees safe, lawyers headed to home offices to try and keep ahead of daily tasks. This rapid adoption of remote work or hybrid work situations was a pivotal point for firms hesitating over digitally transforming the way they did business.
This year, manufacturing organizations continue to rebuild their workforce — and their profitability — by focusing on the areas where the pandemic impacted them in the most profound ways. Some manufacturers will focus on readjusting supply chain networks to better serve evolving consumer demands. Others will target the rebuilding of revenue streams. No matter how they pursue the process of rebuilding, manufacturing organizations can create a bigger impact and move more quickly toward goals with the help of a partner that understands digital initiatives.
Associations that serve — and depend on — membership took a powerful hit in 2020 as the global pandemic caused major disruptions across the nation. Even as early as 2019, membership organizations were feeling a pinch. In fact, up to 68% of them had trouble increasing their membership base and 25% were stagnant. Eleven percent of these organizations actually got smaller. The rest? They only expanded their membership base by 1 – 5%.
America’s fitness centers were decimated by the COVID crisis as many remained shuttered for months, unable to generate profit. Now that the pandemic has become an ongoing crisis, many gyms are looking for new ways to keep their clientele safe while navigating constantly changing health and safety protocols.
When the coronavirus pandemic struck, many consumers and healthcare professionals alike looked for new ways to gain access to necessary healthcare without compromising health and safety in crowded waiting rooms and hospitals. The answer presented itself in the form of telemedicine.
As the architectural, engineering, and construction (AEC) industry embraces digital transformation, they are reaping many benefits. Unfortunately, they are also being exposed to additional threats inherent in working in a digital environment. While construction firms and their kin are more reluctant to rely on digital technologies, they are also slower to understand the vulnerabilities associated with these tools.
The coronavirus pandemic has taken a bite out of the American economy. Over 800,000 U.S. businesses permanently closed during the first year of the virus, a 200,000 increase over previous years. Moving forward, many companies still struggle to stay afloat in the ever-changing environment of post-pandemic uncertainty. And, with more businesses cutting budgets, marketing firms are seeking to stand out from the crowd to continue to earn business from the survivors.
The news is full of disasters in recent years. From the ongoing pandemic to natural disasters like floods, fires, and hurricanes, not to mention the threat of data breaches are affecting small businesses across the nation.