Impact and Disruption From COVID-19
Promo companies are racing to keep their businesses operational during coronavirus crisis.
With our society in total upheaval to mitigate the spread of coronavirus, promo companies are racing to keep their businesses operational and maintain sales. We discuss all the consequences in this comprehensive Promo Insiders podcast.
Podcast Chapters
5:50 Impact of the coronavirus on industry companies
11:41 Loss of orders and drop in sales
16:29 Are factories coming back online in China?
19:47 How to keep orders for canceled events
Working from home. Social distancing. Quarantines.
This is the new reality for millions of Americans as the government tries to limit the spread of COVID-19. These extreme measures have completely upended the rhythms of everyday life as people cope with extended isolation.
The effect on the promotional products industry has been massive. Companies are scrambling to maintain sales as events cancel. Distributors and suppliers are figuring out how to maintain operations while preserving the safety of employees through working from home. For many in the industry, this is unprecedented territory.
In this latest episode of Promo Insiders, Editor-in-Chief C.J. Mittica and Counselor Executive Editor Christopher Ruvo discuss what companies in the promo industry are doing to make it through difficult times, what creative tactics distributors can use to hold onto orders, and why at the other end of this crisis lies hope.