- Posted by Aleksandra Kolozheg Gievska
- On December 2, 2020
- 1 Comments
- business, change, future, innovation, newnormal, transformation, trends
Just over a year ago, we were living the time of our lives. Events were happening on every block; crowds swarming the streets due to holiday season shopping; concert tickets in our pockets; and happy faces all around. We weren’t aware that things were about to change drastically. Who would have thought that businesses would no longer be able to make those grand store openings? No more after-work parties with fancy cocktails and mingles? And no handshakes after a meeting?
So many things that used to be normal suddenly became unacceptable. People experienced uncertainty and shock. A great deal lived in denial until the virus hit their local communities, friends, and family.
The biggest economic crises
The world is facing the biggest economic crises since the great depression. Although almost all the industries got hit by the recession, few managed to flourish. We are not talking about the companies that sell antibacterial and antiviral disinfectants, like soaps and gels, but about those who showed courage and took risks as they adapted to the new normal through innovation and implementing changes in the way they do business sooner than the others. Whether it’s about systematically reorganizing as many did by migrating from office to work from home, or bringing a new or evolved product to the market that suits the present day, the bold ones are not sleeping.
Furthermore, we are experiencing the most significant digital migration of businesses. Brands that were known to have mostly a Brick-and-mortar business model are now evolving. They are transforming from a traditional to a more modern type of store by utilizing e-commerce and delivery options. This digital shift is immense and would have taken a lot of years to happen organically.
Moreover, the trends show us that there will be many new ways to promote your brand on the internet. The predictions sound very promising. When we think about it, the crises led to a lot of change, but this is not entirely bad. From what we can see, we learned that innovation thrives in times of crisis.
All this brings us to one point; we mustn’t stay in one place. If we don’t move forward and evolve, we are sure to fall back. By becoming early adopters, we can ensure a stable future for our companies. Of course, this means that we need to put our thinking caps on. Also, we need to seriously dig into the situation, considering every rise and fall along the way.
If you feel as though you’re caught in the tide or find yourself going around in circles, we are here to help. Let’s find new ways that will enable you and your business to grow. Drop us a line at https://amandusgroup.com/contact-us/, and together we can take things to the next level!