As a business, should you be battening down the hatches or looking at opportunities to expand?
On the day that Greggs, one of the most successful UK retailers of recent years, revealed that in the previous 12 months its sales had fallen by more than 30%, it posted it first-ever loss in 36 years, expected to be circa £15 million, and they are not expecting trading to be at pre-pandemic until at least 2022 - they also announced that they are looking to open up 100 new stores.
Covid has forced lots of business to examine their models, become lean and look at how quickly they can pivot into new markets.
In the last recession of those that entered it as some of the top performers, 47% had fallen out of that group.
An upending industry shift happened in a two-year period.
It's happening again now...
This pandemic is changing everything, form the way people work to their most fundamental economic behaviours. - spending, saving, borrowing and investing patterns.
This is a rare moment when as leaders we face the opportunity to make our companies winners for a long time to come.
The question is how?
At Argentum, we have developed proprietary tools that have helped many companies develop and implement strategies to pivot, explore new opportunities, enter new markets resulting in new and profitable revenue streams.
For more information please contact us for an informal conversation...
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