How Are Italian Brands Coping With The Impact Of COVID-19 And What Are Their Plans?
During the initial lockdown period, the Italian design industry conducted its business as usual. Office workers carried out meetings from home, and the industries produced vast amounts of materials while following the necessary SOP’s. But in a Facebook Live telecast on March 21, Italian Prime Minister Giuseppe Conte announced that all the non-essential business activities would be halted until April 3 to contain the spread of the coronavirus among the workers.
Effects of the halt on production
Most companies and offices are usually closed for most of April, so halting business activities would not have any effect on the production strategies and plans. Because of the same routine every year, the clients of these companies would not need their merchandise delivered to them anytime soon. Some companies have said that they will acquire their production goals in the month-long holidays of August instead.
Adoption of smart working strategies
The adoption of digital working methods such as working from home has benefited employers and the brands too. Most of the companies in Italy have a view that they are saving more money and their company is getting more benefits since their employees started working from home.
Nonetheless, companies that didn’t adopt the virtual ways of communication and did not use digital strategies have found out that working with digital channels doesn’t have an impact on their workflow—even when the companies are closed, and there is no production.
The evolution of sales
Businesses all over the world are slower than ever as they are following protocols against the coronavirus. And although the markets in Asia are opening slowly, this doesn’t mean that the situation is controlled.
Today, panic buying isn’t just limited to toilet papers and sanitation products. Some Italian customers have either bought too much stock or are holding on to their money. Still, the majority of the brands aren’t panicked and are conducting business as usual as if nothing happened.
Brands have emphasized the need for solidarity in these times and hoped to discover a collective solution to exhibit their work in place of design week. Within the community itself, there is still a dedication to optimism, even with the dire conditions.
The industry has also gone through a significant crisis in 2008, yet it was able to endure and survive. Clearly, the Italian design industry is founded on solid roots. People in this industry are hard workers, so it isn’t impossible for them to make it through this crisis.
More in Business
Tips to manage Stress and Be Careful Once Offices Resume Post Lockdown
There would hardly be anyone who’d not be excited to get back to work after the Coronavirus lockdowns are lifted. It’s...June 27, 2020
If You’re Struggling to Pay Rent or Mortgage During COVID-19, These Tips Will Definitely Help You Out
Let’s face it- when talking about monthly bills, your rent and mortgage bills sit right at the top of the list....June 26, 2020
Struggling to set your Career straight? Take a look at These Tips that are Sure to Help
The pandemic has created havoc in many industries, and thousands of people are left without jobs. If not entirely out of...June 26, 2020
How to Build a Successful Career in Event Management – Expert Tips
Unlike earlier times, today’s younger generation has a variety of career choices. Current opportunities are usually based on either the global...June 23, 2020
Struggling to Figure Out Your Next Career Move? Here’s How You Can Keep Your Professional Progress On Track With These Expert Insights
We know that planning your next career move is the last thing on your mind right now. With companies closing and...June 23, 2020
Financial Mistakes Most Millennials Regret Making During College
Getting ready for college could be one of the highlights of your life, personally and professionally. A lot of opportunities open...June 17, 2020
Here’s How Americans Are Spending their $1,200 Stimulus Checks
When the Great Recession wreaked havoc in the economy in the late 2000s, Americans received stimulus checks from the federal government to help...May 20, 2020
Students Looking for Extra Income Can Apply for These Three Online Jobs
Students usually have limited budgets. And with unexpected expenses threatening to mess with those funds, most of them are now considering...May 15, 2020
The Five Most Important Things You Need To Consider When Getting a Personal Loan
A personal loan means borrowing from a lending entity, may it be a bank or some other credit provider. It’s...May 15, 2020