Covid-19 pandemic Archives - Business Intelligence

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Sporting Goods Industry + Market Intelligence

Preparing for an Era of Growth: The Sporting Goods Industry in the Post-COVID Era

The sporting goods industry has witnessed tumultuous times recently. While experts forecasted unencumbered growth and success in the industry over the last three years, the COVID-19 pandemic inhibited scaling of any kind. The pandemic brought about major economic and social changes globally and reduced sports and physical activities substantially. While the world is waiting for a potential end to the pandemic, retailers, and manufacturers in the sporting goods industry need to identify and capitalize on significant growth drivers.

A growing market, such as the sporting goods industry, witnesses a range of trends, challenges, and growth drivers continually. These trends include changing attitudes towards fitness and sports, increased encouragement to pursue sports professionally, and a rising focus on health and wellness. However, sporting goods industry players must identify significant growth drivers, strategize for them, and scale their business and the industry in the post-COVID era.

Recovering from the pandemic will be highly challenging, but identifying and capitalizing on significant growth drivers can be relatively effortless with proper guidance. Infiniti’s market intelligence experts are equipped to assist sporting goods industry players in evaluating, strategizing for, and successfully taking advantage of profitable market opportunities and growth drivers. In this article, Infiniti’s experts discuss the impact of COVID-19 on the sporting goods industry, important growth drivers in the market, and the role of market intelligence solutions in becoming an industry leader.

Unsure of the impact upcoming trends and growth drivers will have on your industry? Request a free proposal to gain comprehensive insights into your market and stay ahead of the curve.

The Impact of COVID-19

Nation-wide lockdowns, the fear of infection, economic challenges, and the need for social distancing are factors that reduced sporting activities across the world. Due to the shutting down of industries, new work from home arrangements, and the pandemic’s significant economic impact, consumers’ disposable income reduced substantially. Additionally, the need to store essentials, prepare for medical emergencies, and ensure safety and hygiene within homes led to a dramatic shift in consumers’ spending behaviors, particularly concerning non-essentials.

Further, in the aftermath of the pandemic, retailers and manufacturers in the sporting goods industry faced challenges, including factory shutdowns, new hygiene protocols, logistical challenges, and the sudden shift of consumers’ preferences and needs. These factors combined have hampered the growth trajectory within the sporting goods industry and had a significantly detrimental impact on their growth. Therefore, industry players must prepare for the post-COVID era and strategize for major industry growth drivers.

Future Growth Drivers

Sporting Goods Industry + Market Intelligence

Industries are complicated and witness significant market developments and changes continually. The sporting goods industry is no exception to this rule and has recently seen jarring changes, as detailed above. However, retailers and manufacturers aim toward growth, scaling, and success by evaluating and adopting improved strategies and gaining a comprehensive understanding of their industry. Infiniti’s market intelligence experts analyzed the industry and identified three crucial market growth drivers that can help industry players recover and advance the industry.

Health and Wellness Awareness

Technological and medical advancements have significantly changed life expectancies, patient expectations, and global quality of life. While the healthcare and pharmaceutical industry innovate and improve patient experiences and the food and beverage industry develop alternative and healthier options, the sporting goods industry also needs to adapt to this change. Consumers have become increasingly particular about their health and wellness and are taking various initiatives to improve their overall wellbeing.

This change has also led to an upsurge in consumers participating in varying sports activities, including basic forms of exercise such as running, fusions of dance and fitness, and adventure sports. Retailers and manufacturers in the sporting goods industry can efficiently capitalize on these changes by understanding consumers’ demands and preferences and meeting their needs with new or improved offerings. Additionally, as consumers demand more fitness and sports products, industry players can leverage Infiniti’s market intelligence solutions to monitor market developments, understand consumers’ demands, stay a step ahead of competitors’ initiatives, and provide unprecedented offerings to their target market.

Keeping pace with changing dynamics in the sporting goods industry is a challenging prospect and requires unparalleled data-driven strategies. Request more information to learn how Infiniti’s market intelligence solutions help companies develop and adopt novel business strategies.

Increasing Disposable Income

Although the COVID-19 pandemic took a severe toll on income, economy, and spending, there has been a steady increase in disposable income available to consumers over recent years. As companies and consumers aim to recover from the pandemic, certain challenges regarding payment can be tackled and overcome, increasing the disposable income available to individuals again. Capitalizing on this increase can help the sporting goods industry grow exponentially.

With rising concerns for health and wellness and the increasing availability of disposable income, sporting goods industry players must strategize and develop unparalleled marketing and promotional strategies. Identifying consumers’ needs, innovating offerings to meet consumer demands, and competitively priced products are crucial for industry players to succeed and overcome the virus’s impact. With an effective marketing strategy, retailers and manufacturers in the sporting goods industry can help consumers be aware of their offerings, and promote sales and propel growth. Leveraging Infiniti’s market intelligence solutions, companies can also analyze competitors’ strategies, identify industry benchmarks, and deliver unique offerings.

Supportive Governments

As the global population increases, there is a simultaneous rise in the prevalence of chronic diseases and healthcare demand. This can be highly challenging for governments and healthcare industry players. Therefore, governments have increased focus on pre-emptive health and wellness initiatives and promote participation in sports and fitness regimes. Additionally, playing a sport has become an increasingly accepted profession—colleges and universities award athletes with partial or complete scholarships, rewarding early and active participation in fitness. Major companies have also increased intra-company sporting activities, including competitions, challenges, and rewards.

The upsurge in support and opportunities to embrace sports and fitness can be a significant growth driver for retailers and manufacturers in the sporting goods industry. Adopting the opportunity to promote sporting goods for young athletes, growing professionals, and potential talent can also increase customer attraction and retention. Infiniti’s market intelligence solutions help companies identify the significant trends in the sporting goods industry and develop comprehensive strategies to capitalize on them.

Why does the sporting goods industry require market intelligence?

The sporting goods industry has witnessed tumultuous times, and Infiniti’s market intelligence solutions provide a path to recovery and success. Developing a comprehensive understanding of the market, strategizing for upcoming trends, challenges, and growth drivers, and providing consumers with unparalleled solutions are the first steps to succeeding in a dynamic market.

Sporting goods industry players must remain alert, aware, and organized to overcome their market’s fast-paced nature. With Infiniti’s market intelligence solutions, industry players can identify ideal market opportunities, understand their consumers, and evaluate factors propelling or restraining growth in the market. Our solutions help retailers and manufacturers overcome rapidly evolving market dynamics, stay ahead of the curve, and champion their industry.

Speak with our industry experts to learn how Infiniti’s market intelligence solutions can help companies succeed in the post-COVID era.

Customer Segmentation + Online Healthcare Service Provider

Overcoming the Impact of COVID-19 and Preparing for a New Future in Healthcare M&A

The healthcare sector is facing tumultuous times in 2020. With the widespread COVID-19 pandemic, major business operations are disrupted, hospitals are overloaded, medical professionals are overworked, and healthcare institutions’ boards attempt to maintain normalcy. Healthcare M&A is one such crucial segment of the healthcare sector that was nearly brought to a screeching halt in the second quarter of 2020.

An increasing number of cases in North American countries and some parts of Europe and APAC have worsened the state of economies and industries. Although the healthcare and pharmaceutical industries have devoted their time and effort to the COVID-19 pandemic, the world is still a long way from a vaccine or normalcy of any kind. Consequently, this poses a challenge for the aforementioned hospitals, medical professionals, and healthcare institutions’ boards.

Currently, healthcare institutions are in the midst of a crisis with no clear ending. While investor support has increased due to the increasing need for healthcare globally, social and political unrest, struggling economies, and volatility in financial markets are testing the healthcare industry. Healthcare M&A may be one of the most effective solutions to this crisis.

In this article, Infiniti’s M&A support team has detailed the impact of the COVID-19 crisis on healthcare M&A, positive factors influencing the recovery of healthcare M&A, and the importance of M&A support.

The COVID-19 crisis has severely impacted healthcare M&A. To learn the business implications of COVID-19 on healthcare M&A, speak to our industry experts.

The Impact of COVID-19 on Healthcare M&A

The COVID-19 pandemic has taken a substantial toll on developing healthcare mergers and ongoing healthcare M&A deals. Infiniti’s experts identified the following three major challenges that healthcare institutions can expect to impact the healthcare M&A process:

Healthcare M&A + M&A Support

Regulatory Delays

Nationwide lockdowns in countries, including the United States, New Zealand, and the United Kingdom, has caused a severe delay in acquiring regulatory clearance. With all operations on hold, government bodies focusing on COVID-19 related issues, and professionals being forced to work from home, all-important regulatory approval processes have been on hold. However, companies can fast track their M&A processes by ensuring other parts of the process have been completed before the situation normalizes.

Changing Valuations

The impact of COVID-19 on healthcare M&A participants in ongoing deals will potentially change both the buyer and the seller’s valuation. This may lead to the collapse of previous deals or the need for re-valuation of both parties. Revision of the purchase price and financial statements accounting for the COVID-19 impact may help fast-track this process. However, this may still impact potential or ongoing healthcare mergers due to the continuing effects of COVID-19 and an unclear deadline on the crisis.

Due Diligence and Third-Party Approval

Healthcare M&A requires rigorous due diligence from both parties involved. Due to the lockdowns, new safety and hygiene protocols, and the need for social distancing, this process has been delayed, if not stopped. Additionally, both parties may request another round of thorough due diligence in the case of ongoing mergers. Further, third party activities such as audits, on-site visits, and inspections will be delayed, slowing down the M&A process for healthcare institutions.

Understanding the challenges of healthcare M&A is the first step towards successful mergers for healthcare companies. To gain a more comprehensive understanding of the challenges and how your organization can tackle them, request more information.

The Path to Recovery

The world is working towards recovery, pharmaceutical, and healthcare sectors worldwide are attempting to develop a vaccine. Simultaneously, governments are taking initiatives and providing support to industries to reduce the COVID-19 crisis’s impact. However, this process is expected to be slow and long-drawn. Therefore, Infiniti’s experts have highlighted the following two minor factors positively impacting healthcare M&A:

  • The hospital segment, innovation-focused biotech stocks, and large pharma companies may see a surge in valuation due to the high dependence on hospitals and the ongoing work to find a vaccine. This may encourage multiple buy-outs and influence extremely attractive valuations.
  • The capital position of private equity firms is expected to provide them with the opportunity to assess and capture resilient assets shortly.

Although there are limited positive factors influencing healthcare M&A currently, increasing demand for healthcare services and relatively minimal disruptions may fuel growth in this space. However, companies must evaluate their M&A partners and enter into healthcare mergers cautiously in these challenging times.

Importance of M&A Support during the Healthcare M&A Process

The recovering healthcare M&A sector has yet to face various challenges posed by the jarring COVID-19 crisis. As companies continue, plan, or complete deals, they must evaluate all potential risks and gain a comprehensive understanding of their partners. Infiniti’s M&A support solutions enable companies to identify, assess, and prepare for all the factors that influence any healthcare M&A.

Infiniti’s M&A support also provides healthcare companies with the following:

  • Assistance with identifying ideal partnerships and potentially beneficial mergers
  • Expert insights into appropriate valuation and important decisions regarding transactions and investments
  • A comprehensive understanding of every stage and process in the healthcare M&A process
  • Data-drive insights that also account for the changing landscape and current competitive scenario of the healthcare industry

Infiniti’s M & A support experts can help companies tackle the challenges caused by the COVID-19 pandemic and identify and evaluate the risks involved in potential deals. This will enable companies to stay a step ahead of competitors, identify and assess ideal opportunities, and keep abreast of all factors influencing the healthcare M&A process.

Leveraging Infiniti’s M&A support solutions can help identify the ideal partnership, maintain business continuity through the COVID-19, and overcome the business implications of this crisis. Request a FREE proposal to learn more about the value of M&A support solutions in the recovering healthcare M&A space.

Automotive Cybersecurity Market + Market Opportunity Analysis

The Sudden Impact of COVID-19 and Urgent Need for M&A in the Semiconductor Industry

The semiconductor industry is widespread, crucial, and required in various industries across the globe. Over recent years, industry experts forecasted immense growth for this industry in the coming years. However, the current COVID-19 pandemic serves as a significant roadblock to this growth trajectory. While semiconductor companies shifted their focus to ensuring employee safety and securing supply chains, the economic impact of the pandemic worsened. Since the start, the COVID-19 pandemic has caused a substantial amount of business shutdowns and a continually increasing rate of unemployment.

Currently, semiconductor industry leaders are aiming to prepare themselves for the post-COVID era and strategizing to succeed in the new normal. For this purpose, there has been a recent increase in mergers and acquisitions within the industry (M&A). To better explain this fact, Infiniti’s semiconductor industry experts have discussed the impact of COVID-19, the future of the industry, and the importance of M&A support for semiconductor industries.

As the pandemic continues, semiconductor companies are strategizing for the post-COVID era. To find out what the next ideal strategy for the semiconductor industry, request a free proposal.

The Impact of COVID-19 on the Semiconductor Industry

After witnessing years of steady growth, the semiconductor industry suffered the impact of the COVID-19 pandemic. A sudden decrease in sales of various end-use segments, accompanied by restraints on manufacturing and business operations, led to significant losses for semiconductor companies. Infiniti’s experts identified four major end-use segments that have influenced the losses of the semiconductor industry during COVID-19.

  • PCs: Although consumer demand for tablets and laptops has increased due to the shift to working from home, companies are not investing in hardware upgrades currently. Additionally, consumer demand is temporary, and frequent updates are improbable. This has led to reduced demand for PCs and servers, a significant end application segment in the semiconductor industry.
  • Wireless Communication: With a drop in smartphone sales, due to the reduction in GDP, the semiconductor industry is witnessing a substantial decline in demand. Consumers are shifting to inexpensive alternatives, which also impacts the semiconductor industry negatively.
  • Automotive: Due to the decline in GDPs across countries, investment in automotive has reduced significantly. The application of government incentives may moderately improve demand in this end application segment; however, if government incentives are not strong enough, decreasing demand in this segment will continue to impact the semiconductor industry negatively.
  • Consumer electronics: With lower amounts of discretionary funds due to unemployment, reduced salaries, and low GDPs, the demand for consumer electronics has seen a sharp drop. Inessential items such as gaming consoles, televisions, and watches will continue to witness low demand. Therefore, this end application segment will continue to impact the semiconductor industry negatively.

Semiconductor industry players have faced significant challenges in the market recently. To efficiently overcome the challenges posed by the pandemic, speak to our experts.

What is the future of the semiconductor industry?

Preparing for the post-COVID era is a challenging prospect for the semiconductor industry. While discretionary expenses and the demand for various end application segments may increase, it is not advisable for semiconductor companies to rely on a possibility. Therefore, top semiconductor companies have shifted focus towards M&A. With changing consumer expectations, new innovative technologies, while opportunities may be available in certain circumstances, semiconductor companies require the appropriate resources to take advantage of them.

Additionally, with the rise in smart manufacturing through COVID-19 and other major technological trends, the semiconductor industry should invest in creating smart factories and preparing for the post-COVID era. M&A could help semiconductor companies prepare for a recovering economy and higher demand, by supporting the creation and development of newer technologies, and capturing growth.

M&A Support in the Semiconductor Industry

M&A requires a strategic and well-informed approach to be effective. After the financial crisis of 2008, the semiconductor industry players that recovered and reformed fastest were those that had made strategic M&A decisions in the duration of the crisis. Semiconductor industry leaders and companies require a similar approach to recovering and reforming after the COVID-19 crisis.

However, developing a strategic approach to M&A is challenging, and significant industry players have started leveraging M&A support from firms such as Infiniti Research. M&A provides companies with the opportunities to grow efficiently, expand to adjacent businesses, or pivot to new opportunities. M&A support enables companies to capitalize on these opportunities successfully. Infiniti’s M&A support experts guide investors through every step of investment while considering changing dynamics of the industry, and the current competitive scenario. Additionally, M&A support enables semiconductor companies to identify and capitalize on the ideal opportunities and surpass growth targets.

To gain comprehensive insights into Infiniti’s M&A support and learn how to champion the new normal of the semiconductor industry, get more information.

CPG industry challenges

Preparing to Combat CPG Industry Challenges in the US Due to Coronavirus

As the COVID-19 situation unfolds across the globe, it presents new operational and leadership challenges for CPG companies. As a result of the crisis, there is a seismic shift in the way consumers shop and what they shop for, creating new CPG industry challenges. The US has seen an exponential increase in the coronavirus cases over the last fortnight. This has left players grappling with new CPG industry challenges relating to how to manage the demand-supply inadequacies, formulate an action plan to turbocharge logistics flexibility, and to adjust the existing commercial strategy to suit the new norms. To address the crisis head-on and ensure business continuity, companies must respond to these new CPG industry challenges by quickly rolling out contingency plans while doing their part to minimize the spread of the virus.

Lessons for US CPG companies from other infected countries

A common CPG industry tre18nd and the coronavirus spreads is that consumers are increasingly stocking up essentials and grocery items, while the demand for non-essentials have drastically declined, posing new CPG industry challenges. US consumer goods companies can learn from the mistakes of other countries and better prepare themselves to face this black swan event. Based on the analysis of our CPG industry experts on the impact of COVID-19 in countries like China and Italy, four main category archetypes have emerged and are most likely to show a similar trend in the US:

  • There is a huge spike in the demand for categories such as health and hygiene (hand sanitizers and disinfectant masks), instant meals, and medical supplies. These items are being rapidly undersupplied across channels which in turn results in rigid turnover and frequent out-of-stock situations.
  • CPG categories such as shelf-stable groceries, daily hygiene products, and bottled water face constrained supply and reduced stock-levels.
  • Decline in non-essential CPG product demand in categories including snacks and savories, soft drinks, personal care products, and pet food.
  • Steep decline in luxury product sales including cosmetics, alcoholic beverages, and confectionery.

As more consumers are shifting to online channels for purchases, this creates new CPG industry challenges for players in terms of adapting their logistics and supply chain to this new trend. Furthermore, these spikes and dips in demand have created intense stress for CPG companies and require them to rapidly adapt their strategies for production, transportation and distribution, key account management, and marketing. 

During times of crisis like this, it is critical for companies in the CPG industry to take calculative and well-executed measures to ensure business continuity in the long run. Request a free proposal to know how industry experts at Infiniti Research can help you plan your next steps during the COVID-19 situation.

Action plan to combat CPG industry challenges due to COVID-19

In countries like China and the UK, CPG companies have faced intensified challenges due to the short-term nature of their contingency plans. To exacerbate the situation, travel restrictions across countries have created logistical bottlenecks, further worsening the existing inbound and outbound supply chain challenges. Here are some strategies for players in the US to effectively combat CPG industry challenges due to the COVID-19 crisis and react effectively to this unprecedented business shock.

Review production plan and inventory management

The need of the hour for CPG companies is to define a contingency plan to ensure supply continuity. Companies in the CPG industry must determine the weakest links in their supply chain including raw materials, packaging, or workforce and build strategies to address these issues in the order of priority.

Build logistics flexibility

Working with local authorities to understand the COVID-19 hotspots and lockdown areas will help companies to better plan the logistics and delivery to these territories. A major revamp would be required for the existing transportation and logistics plan to improve logistics flexibility. Furthermore, steps can be taken to stop or limit the logistics of the non-essential category.

Enable frequent and real-time customer communications

Making account managers constantly available to address customer conversations, especially in critical channels, is vital for companies in the CPG industry during the coronavirus crisis. Working with multi-functional teams to quickly resolve pain points and bottlenecks are essential to provide proactive and quick responses to the customers. CPG companies must also consider creating agreements with manufacturing teams to produce larger batches of specific SKUs in order to increase product availability. 

For more insights, get in touch with an industry expert.

automotive manufacturing

How Automotive Manufacturers Can Bounce Back from the Repercussions of COVID-19

The economic shock resulting from the coronavirus outbreak could pose several challenges to automotive manufacturers, especially those in Asia as major industrialized economies like South Korea, Japan, and Italy are among the most affected regions due to the pandemic. Furthermore, as a majority of the global auto parts supply chain is connected to China, the production shortfalls and supply chain disruptions in China due to the aftermath of the COVID-19 outbreak could have a great impact on automotive manufactures across the globe.  For automotive manufacturers, surviving and emerging stronger at the far end of this crisis will require thinking beyond the next fiscal quarter.

Why the COVID-19 crisis could be extremely challenging for automotive manufacturers

The spread of Coronavirus will affect all sectors, but it could have some serious implications for the automotive industry that could exacerbate problems for players, these include:

  • Difficulty in anticipating potential disruptions as the automotive supply chain lacks transparency beyond their direct vendors
  • Complex global footprint of automotive companies could result in difficulty to develop a synchronized response
  • Automotive sales largely involve test drives and dealership visits by customers. As almost all countries around the globe have imposed lockdown, restrictions to commute, and isolation measures, it becomes nearly impossible to interact with customers and close sales deals.

Considerations for automotive manufacturers to reduce the impact of COVID-19

Ensuring employee protection

Automotive manufacturers must protect employees by making their health the paramount concern and adjusting production accordingly. Automotive companies must follow the most conservative guidelines available among leading global and local health authorities such as the WHO. Health support programs for infected employees and remote working facilities must also be put in place.

Safeguarding the supply chain

Automotive manufacturers can establish a supply chain risk assessment team to evaluate and understand the impact of COVID-19 on their business. Evaluate the key risks involved and create full supply chain transparency by using big data, intelligent systems, and connected ecosystems. This could play a pivotal role in communicating shortages or other supply chain challenges, enabling automotive players to prepare, adapt or adjust accordingly.

Managing manufacturing shutdowns

While the automotive manufacturing sector in China is gradually becoming more stabilized as the nation brings COVID-19 under control, the same is not the case with manufacturers in the US and Europe. There is uncertainty at large in these countries relating to when the automotive manufacturing plants can resume operations. At this juncture, companies in the automotive sector must keep close contact with their suppliers to ensure a quick ramp-up occurs when the market begins to recover. Production levels and schedules can also be adjusted accordingly. Measures must also be taken to ensure workers’ safety, cleanliness, and physical distancing among workers post COVID-19. Embracing industrial IoT concepts can also help manufacturers increase efficiency and prepare protocols for a similar crisis in the future.

Managing declining vehicle sales

The dropping sales in the automotive industry since January 2020 is a clear indicator of the adversity of COVID-19 on automotive sales. Recent US automotive sales forecast also hints at a sharp decline (approximately 10%) as customers are more likely to refrain from automobile purchases after the pandemic. One of the key strategies for automotive companies to manage this situation includes staying connected with customers via mobile and online channels. Rethinking their existing sales model to embracing digital channels and direct sales models is the way forward for companies in the automotive industry. Companies can also consider channeling their lead generation efforts to online car customization tools used by prospective buyers.  Canceled trade shows can also be re-organized through virtual event platforms. Several players in the automotive industry are also contemplating to establish a contactless sales process to meet the increasing health and hygiene requirements.

Automotive companies must develop a rapid response to address the ongoing market challenges due to COVID-19. Our industry experts are helping several companies across the globe achieve this, want more insights?

US healthcare system

US Healthcare System: Managing Supply Shortages and Demand Surges to Minimize the Coronavirus Impact

Over the past few weeks, the US has outpaced all the other countries to become a major hotspot for the COVID-19 pandemic. Amidst the rising pressure, the US healthcare system is also faced with the harsh reality of acute material shortages including ventilators, intensive care capacity, healthcare staff, masks, and even medicines to treat the infected. These healthcare supply shortages are largely hamstringing the heroic efforts of professionals in the US healthcare system to battle the pandemic. The US healthcare providers, now more than ever before, require the right supply chain management strategies to overcome supply shortages, optimize resources, and to ensure the agile expansion of capacity.

This article from healthcare industry experts at Infiniti Research highlights some operations management and supply chain best practices for providers in the US healthcare system that are grappling with the sudden demand surges and supply shortages of healthcare resources.

Addressing supply and demand gaps in the US healthcare system

Managing healthcare delivery system

As the US healthcare systems continue to run at almost full capacity, extreme supply and demand shocks can be expected. The need of the hour for healthcare providers in the US is to proactively manage how patients enter and proceed through various nodes of the healthcare delivery system. During the COVID-19 outbreak healthcare providers are struggling with system congestion due to the increase in the inflow of patients. To manage the rapidly increasing demand due to the novel coronavirus, several hospitals are postponing non-critical surgeries and diverting patients not requiring critical care from hospital settings to home care. However, healthcare providers must complement this strategy with the right technology and infrastructure to support this such as telemedicine and mobile care units. Furthermore, having adequate visibility into short-term future demand provides hospitals and other care sites the opportunity to plan patient flows more efficiently.

Managing supply shortages and bottlenecks

Managing resources while providing adequate care to patients is not an easy task especially in the case of a highly contagious virus like the COVID-19. But failing to do so could also prove to be fatal and result in a vicious cycle that the US healthcare system has already started witnessing. During the existing crisis, healthcare providers are not just facing shortages in testing equipment and staff, but there is also a significant scarcity of protective gear for healthcare workers. This leaves them highly vulnerable to the infection as the patient inflow to healthcare facilities increase. In countries like Spain and Italy, close to 15% of the COVID-19 patients consists of healthcare workers. A similar situation could make the existing healthcare staff shortage worse for the US healthcare system. Identifying the root cause of the supply bottlenecks and timely forecasting of probable bottlenecks in supply of testing and protective equipment can help avoid such adversities to a large extent.  Proactive and agile supply forecasting provides important visibility into the future state of the supply chain and enables organizations to effectively identify potential shortages well in advance. Pooling resources from other healthcare facilities in the country that have lower demand can also help stabilize the demand-supply gaps.

For detailed insights into how providers in the US healthcare system can better manage their resources and bridge supply-demand gaps with healthcare market intelligence, Request a free proposal.  

Coronavirus outbreak

Coronavirus Outbreak: Strategies for CEOs to Navigate the Covid-19 Crisis

In just a small span of time, the coronavirus outbreak has had a major impact worldwide. While some organizations have managed to find ways to maintain productivity, others are still struggling to ensure business continuity. With the fast-changing global situation resulting from the coronavirus outbreak, market activities are disrupted on many levels. Today, consumers are compelled to use online services to fulfill their daily needs, putting many industries under pressure. Also, the government initiatives such as ‘lockdown’ and ‘social distancing’ have taken a direct hit on the transportation and travel industry comprising of hotels, tourist spots, and resorts. Besides, as the cases of infected individuals surge rapidly, business leaders are under great pressure. This compels them to assess the potential risks and act with rapid response solution. To help save your business from the ongoing crisis, our market research experts have outlined critical strategies that business leaders must consider to navigate through the covid-19 crisis.

Strategies for Business Continuity Planning During COVID-19

Secure liquidity

During this crisis, a major challenge for small and medium-sized businesses is access to capital. As revenues take a hit during this period, organizations will need to keep running business operations at lower costs. This majorly applies to small and medium-sized companies where overhead costs like rent, utilities, and payroll leave very little liquid cash to business leaders. To combat this challenge and keep the business running smoothly in the long-run, business leaders will need to look for new ways to provide immediate liquidity. This is where proposals such as ‘Small Business Workforce Stabilization Fund’ can be taken into consideration. This proposal will help small businesses impacted by the covid-19 to avail financial assistance and keep business solvent. Besides, business leaders must focus into developing incident management and scenario plans that are specific to the crisis, communicate effectively to stakeholders, and plan on how to meet government priorities without compromising the safety of the workforce.

In response to coronavirus outbreak, some businesses are developing contingency plans, while others are adapting strategic initiatives. Is your organization prepared to combat the covid-19 pandemic challenges? If not, RFP here and our experts will help you build rapid response plans.

Manage workforce

During these days, talent management is the biggest risk business leaders are talking about. Lack of workforce can put high pressure on business leaders to ensure smooth delivery. This subsequently can result in greater delays, errors, and ultimately customer dissatisfaction. Besides, as people are less willing to move outside their home cities, filling existing vacancies will be tougher for business leaders. As such, business leaders will need to embrace a defensive talent strategy, which focuses on identifying and retaining key contributors. Besides, assessing remote work strategy and attending to immediate global mobility concerns, such as HR policies and first-aid plans can help businesses to efficiently manage the workforce and subsequently maintain productivity.

Ensure supply continuity

As China is the mass exporter of merchandise to countries across the world, the coronavirus outbreak in China has affected almost every industry, including pharmaceuticals, food and beverage, automotive, and consumer electronics. Although the ripple effects of the coronavirus outbreak are difficult to assess, business leaders can take steps to mitigate risks and prevent potential supply chain disruptions. Establishing an alternative supply base can reduce dependency on one specific region. Also, recent studies show that organizations that solely depended on China for parts and raw materials were drastically hit. Even the company’s whose suppliers depended on China for raw materials were hugely affected by the coronavirus outbreak. As such, it’s high time for businesses to avoid reliance on single-source suppliers for raw materials and other requirements.

To ensure supply chain continuity, supply chain leaders must also constantly monitor Tier 1 and Tier 2 suppliers. Suppliers’ production, warehousing, and distribution sites must be monitored and supply chain leaders must make sure that their Tier 1 suppliers have undertaken robust risk management programs.

Are you scrambling to manage the impact caused by the coronavirus outbreak? If yes, our experts can help you to optimize business agility and reduce costs in the face of business uncertainties. For a FREE consultation, contact us here.

Build organizational resilience

According to experts at Infiniti Research, organizations must follow a five-phased approach for building organizational resilience and ensuring ongoing operations.

#1 Defining the business model

Owing to the coronavirus outbreak, business leaders must initially focus into their core customers to ensure the continuity of operations.

#2 Identifying uncertainties caused by coronavirus outbreak

By leveraging SWOT analysis, business leaders can identify uncertainties from the coronavirus outbreak. Besides, information technologies (IT’s) potential uncertainties can also be taken into consideration.

#3 Assessing the coronavirus impact

The third phase involves assessing and categorizing uncertainties based on their severity for the business.

#4 Designing changes

This phase involves developing tentative strategies for executing changes. This phase also involves identifying and leveraging digital technologies and capabilities to facilitate business operations.

#5 Executing changes

In the last phase, business leaders must apply an agile approach to executing the initiatives. Besides, agility, speed, and quality are the key to enabling the continuity of operations.

Want to know how the coronavirus outbreak will impact your business? Request more info and our experts will help you gather data-driven insights and plan your next move to minimize the business impact of the pandemic.

Coronavirus outbreak

Evaluating the Impact of Coronavirus Outbreak on Different Business Sectors

As the effects of the Covid-19 pandemic continues to reverberate, various sectors of the economy are confronting a different kind of menace. While vaccines for coronavirus are under the development stage and some of the initial treatments are showing positive signs of success, the potential human impact of the coronavirus outbreak is immense and a cause for global concern. Besides, the coronavirus outbreak has the potential to trigger an economic crisis. Experts at Infiniti Research currently expect to see a negative impact on all sectors of the economy, from the pharmaceutical industry to luxury good makers and beyond. Here’s a comprehensive insight into the setback brought by coronavirus outbreak across various industries.

Impact of Coronavirus Outbreak on Different Sectors of the Economy

Automotive Industry

Challenged by already weak growth rates in 2019, the automotive sector is estimated to be heavily impacted by the coronavirus outbreak. With all manufacturing coming to a standstill and temporary closures of plants due to collapsing demand and supply shortages, the effect of the coronavirus outbreak on the automotive industry is unprecedented. The experts predict that there will be a further demand slump in the automotive segment since the government has extended the factory’s shutdown in some Chinese provinces. As such, automakers will need to take a gradual approach in ramping up production operations based on market demand, without compromising the safety of employees.

For an in-depth market analysis on how COVID-19 is impacting your industry and data-driven insights to inform your next moves, request a FREE proposal here.

Logistics Sector

According to World Logistics Council, logistics is a huge sector contributing to over 20% of the global gross domestic product (GDP) and around 8% of global employment. With the coronavirus outbreak, the logistics sector has taken a dip. Besides, the initiatives undertaken by the government to prevent the spread of coronavirus, such as lockdown and social distancing are impacting the demand for goods and causing a threat to the global supply chain. Also, recent researches predict that the breakdown of coronavirus is worse than the SARS epidemic. To gain a competitive advantage in the long-run, companies in the logistics industry will need to understand their direct supply chains and the inherent risks they may be exposed to at the secondary or tertiary supplier and customer levels. By being aware of these risks, logistics companies can focus on formulating corporate strategies and business planning.

Pharmaceutical Industry

A recent survey of healthcare market research experts revealed that around 85% of pharma companies are concerned about the impact of coronavirus outbreak on their company’s performance, with Asia-Pacific market expressing the highest level of concern. As China accounts for over 80% of the global active pharmaceutical ingredients (API) production, the coronavirus outbreak has compelled major pharma companies across the world to bring operations to a complete stop, resulting in a palpable short-term impact. Besides, the novel coronavirus outbreak could also derail thousands of ongoing drug trails that companies in the pharmaceutical industry are running to test new drugs. As such, pharmaceutical companies need to act swiftly to build organizational resilience, address talent management risks, and drive clear communication with suppliers.

China has been worst-hit by covid-19 outbreak and its slowdown is rapidly hitting global supply and demand. For a detailed evaluation of the implications of the coronavirus outbreak on your organization, contact us here.

Retail Industry

As retailers are compelled to close their stores in order to stave off the coronavirus outbreak, the retail sector is estimated to be heavily impacted by Covid-19. Also, major retail brands are witnessing a negative financial hit in the first quarter as a result of the epidemic. While some others are running under reduced hours with significant footfall losses. Also, with people scarcely venturing out of home, retail brands are bound to witness plummeting sales over the coming weeks.

However, the challenges vary across various segments in the retail sector. For instance, the grocery sector is facing challenges in coping with the sudden surge in traffic and product demand owing to rising customer adoption of online channels to meet their grocery and daily needs. As such, retail stores are in need to stay prepared to act quickly and address short-term disruptions.

Food and Beverage Sector

Like all other sectors, the coronavirus outbreak has a severe impact on the food and beverage industry. While some processes food companies are witnessing a surge in demands, others such as restaurants and retail food establishments are encountering facing shortage of food supplies and workforce management issues. Therefore, companies in the food and beverage industry will need to take actions to mitigate the risk and streamline supply chain operations.

The unpredictable nature of the coronavirus outbreak is making it difficult for companies across various sectors to efficiently plan their next moves. That’s why we take special care to deliver reliable research. Our market research experts can help you to understand how covid-19 could disrupt your organization and provide data-driven insights to help you make your next moves.

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