No one was prepared for what the COVID-19 pandemic has brought upon the world. Social isolation has pushed some companies out of business, forcing others to reorganize the way they work in order to stay afloat.
Among others, they had to shift their supplier strategies due to social distancing, introduce new and reposition their current products so that they correlated with the new, lockdown lifestyle, and introduce new, contactless delivery methods.
In the following article, we’re going to discuss how 10 retailers, including IKEA, Woolworths, and Best Buy, pivoted their business model to operate effectively in this new reality brought by the pandemic outbreak. If your business has also been impacted by COVID-19, you’ll find tried-and-tested strategies and solutions that will help you adjust to this difficult new reality.