aturno, R.N.R III,
2
Sebia, Ron Rainer B.,
3Ybanez, C.J,
4Mrs. Irma Gatdula
1,2,3 Bachelor of Science in Hotel and Restaurant Management
4Adviser
DE LA SALLE UNIVERSITY- DASMARIÑAS
College of Tourism and Hospitality Management
Hospitality Management Department
Abstract: This study aims to determine the economic impact of the Coronavirus Pandemic (Covid-19) to the milk
tea stores in Imus Cavite. In this study, the researchers used percentage and frequency to analyze the data to apply
the descriptive form of research. The respondents of this study are the owners and employees of the DTI-registered
stores. Milk Tea is mostly popular to Gen-Z or Millennials. Moreover, milk tea is not a necessity during the
pandemic as perceived by the respondents, but there are still loyal customers that patronize the products. This
study further aims to know the store owner’s response to COVID-19’s impact to the store operations. Based on the
findings, the researchers suggest strengthening the implementation of the health protocols and preventive
measures to ensure safety of both employees and customers and create promotions to boost sales amidst COVID19 pandemic.
Impact of corona virus on local businessesJacob Adley
In the whole world, there are 3.8 million infectious people’s results are positive in approximately 187 countries. All these countries have announced the deaths of 269,000 people. New cases are still emerging in front of the world to date. All these deaths are caused by this new emerging disease that has shaken the whole world order, in which.........
The health crisis and the unprecedented disruption caused by COVID-19 have had profound impacts on economies, businesses and consumers worldwide, changing the way consumers live, work and shop.
Uncertainty remains high, but what is clear is that economies will not emerge unscathed and the daily routines and lifestyles of consumers will shift to accommodate continued social distancing. Whilst treatment and vaccine options are investigated, and potentially into the longer term, a new normal will emerge, as fears of a pandemic or other destructive events remain palpable.
Covid-19 Is a Call for Retail Banks to Accelerate Digital TransformationBoston Consulting Group
We see nine imperatives that can help retail banks remain firmly on their feet during the crisis and enable them to move forward rapidly in its aftermath. Ultimately, the crisis reinforces an urgent need for banks to accelerate their digital transformations.
DOWNLOAD DECK: https://bundl.buzz/industryfuture
Discover the effects of Covid-19 and what the future normal looks like for consumers and the industries that serve them.
- Understand how uncontrollable forces set the scene in transforming consumer behavior in each industry.
- Find out how consumers and companies responded– its long-term and digital effects.
- See real innovation examples that reveal what the future of these industries and our world looks like.
DOWNLOAD DECK: https://bundl.buzz/industryfuture
aturno, R.N.R III,
2
Sebia, Ron Rainer B.,
3Ybanez, C.J,
4Mrs. Irma Gatdula
1,2,3 Bachelor of Science in Hotel and Restaurant Management
4Adviser
DE LA SALLE UNIVERSITY- DASMARIÑAS
College of Tourism and Hospitality Management
Hospitality Management Department
Abstract: This study aims to determine the economic impact of the Coronavirus Pandemic (Covid-19) to the milk
tea stores in Imus Cavite. In this study, the researchers used percentage and frequency to analyze the data to apply
the descriptive form of research. The respondents of this study are the owners and employees of the DTI-registered
stores. Milk Tea is mostly popular to Gen-Z or Millennials. Moreover, milk tea is not a necessity during the
pandemic as perceived by the respondents, but there are still loyal customers that patronize the products. This
study further aims to know the store owner’s response to COVID-19’s impact to the store operations. Based on the
findings, the researchers suggest strengthening the implementation of the health protocols and preventive
measures to ensure safety of both employees and customers and create promotions to boost sales amidst COVID19 pandemic.
Impact of corona virus on local businessesJacob Adley
In the whole world, there are 3.8 million infectious people’s results are positive in approximately 187 countries. All these countries have announced the deaths of 269,000 people. New cases are still emerging in front of the world to date. All these deaths are caused by this new emerging disease that has shaken the whole world order, in which.........
The health crisis and the unprecedented disruption caused by COVID-19 have had profound impacts on economies, businesses and consumers worldwide, changing the way consumers live, work and shop.
Uncertainty remains high, but what is clear is that economies will not emerge unscathed and the daily routines and lifestyles of consumers will shift to accommodate continued social distancing. Whilst treatment and vaccine options are investigated, and potentially into the longer term, a new normal will emerge, as fears of a pandemic or other destructive events remain palpable.
Covid-19 Is a Call for Retail Banks to Accelerate Digital TransformationBoston Consulting Group
We see nine imperatives that can help retail banks remain firmly on their feet during the crisis and enable them to move forward rapidly in its aftermath. Ultimately, the crisis reinforces an urgent need for banks to accelerate their digital transformations.
DOWNLOAD DECK: https://bundl.buzz/industryfuture
Discover the effects of Covid-19 and what the future normal looks like for consumers and the industries that serve them.
- Understand how uncontrollable forces set the scene in transforming consumer behavior in each industry.
- Find out how consumers and companies responded– its long-term and digital effects.
- See real innovation examples that reveal what the future of these industries and our world looks like.
DOWNLOAD DECK: https://bundl.buzz/industryfuture
8. On the likely aftermath and long term effects of the coronavi.docxtaishao1
8. On the likely aftermath and long term effects of the coronavirus outbreak on business and society (Module 12)
This discussion board is devoted to the likely aftermath and long term consequences of the coronavirus for business and society. We will be posting some reading material related to this topic in Module 12.
respond 1
Effects of the Coronavirus Outbreak on Business and Society
The coronavirus outbreak has not only led to a massive loss of life globally but also altered social and economic structures in a manner that will persist for a long time. As the pandemic continues devastating communities across the globe, wealth has emerged as the best defense against catastrophes. Wealthy individuals have invested in systems that allow them to work from home to minimize interactions and avoid contracting the virus (Bonacini et al., 2021). Less wealthy individuals cannot afford to stay at home because most of them rely on daily wages to meet their basic needs. Additionally, low-income earners might not avoid interactions because most of them live in places with crowded housing. Moreover, Covid-19 has increased the health burden on low-income earners while decreasing job opportunities. Therefore, the pandemic is likely to exacerbate the economic inequality in society because the rich are amassing more wealth while the poor are suffering from high unemployment.
Besides increasing inequality, the pandemic will transform working habits in the future owing to company responses to regulations aimed at curbing the virus’s spread. At the onset of Covid-19, governments established regulations to restrict people's movement. These rules have changed business practices, promoting working from home and demonstrating the importance of technology in the corporate world. The change from working in offices to operating from home is likely to be permanent because most employers are beginning to question the purpose of a workplace. Over time, companies will establish effective policies to facilitate working from home, making it the new norm in business. Likewise, organizations will embrace technology more to serve customers who have shifted to online shopping to decrease physical interactions.
Reference
Bonacini, L., Gallo, G., & Scicchitano, S. (2021). Working from home and income inequality: Risks of a ‘new normal’ with COVID-19.
Journal of Population Economics, 34
(1), 303-360.
respond 2
ong Term Effects of COVID-19 on Business and Society
As we can and have seen, there have been and will continue to be long-term effects on how COVID-19 can and will impact business and society moving forward. Businesses will likely see a resurgence of possible re-closings. Depending on where you're located in our country, many businesses that were able to re-open may have to close again due to sparks in new COVID-19 cases. While it seems more people are no becoming vaccinated, the likelihood of this is still very evident. Many companies have learned from ini.
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
Report on Covid-19 Business Opportunities & TrendsPawan Kumar
While many industries continue to take a hit or navigate through the storm of Covid 19, there are other industries which have witnessed a spike in demand. To support entrepreneurs and business leaders around the world, we have prepared a detailed report on emerging business opportunities with actionable insights.
Though the COVID-19 pandemic has created uncertainty across every facet of society, one thing is clear: The world will never be the same again. Here are five predictions on how marketing could evolve after the pandemic ends.
The Covid-19 has brought a huge economic impact on millions of businesses and industries around the world in 2020, including the industry of tourism.
Because of this, I wanted to write and share with you 5 strategies that an enogastronomic business should start implementing to overcome this situation. I hope you find it interesting and worth reading.
Remember that something good comes out of every crisis so keep going :)
Consumer Behavior During COVID-19: Understanding ConsumerProweaver, Inc
COVID-19 has created shifts in consumer behavior. Find out how your business is affected by these changes and the different ways Proweaver can help.
Originally published at https://www.proweaver.com/consumer-behavior-during-covid19.
1. IMPACT OF COVID 19 ON BUSINESS ENVIRONMENT
2. HOW COVID-19 EFFECTED THE BUSINESS IN MY
AREA
3. DETAILS OF SMALL BUSINESS IN MY AREA – THEIR
PROBLEMS AND EFFORTS
The appearance of coronavirus recently represents the most difficult pandemic that caused a big impact on various economic sectors worldwide. Governments have been enforcing different approaches to minimize the effect of COVID-19 on public health through lockdown procedures, restrictions on the movement of individuals, and practicing social distancing. These actions have affected most of the businesses as the purchase behaviours of consumers changed drastically which caused significant implications on profitability and the effectiveness of marketing practices. The main objective of this paper is to discuss the impact of COVID-19 on marketing strategies and actions of different organizations. In summary, several marketing actions have been influenced by the spread of COVID-19, such as corporate social responsibility (CSR), consumption pattern, advertising, marketing communication program, and supply chain.
COVID-19 // Media Behaviours Report Vol.8 // Havas Media UK POVHavas
UK media consumption has continued to rise in the last two weeks, with huge gains across live TV, video, social media, and video streaming, according to the latest Havas Media Group COVID-19 Media Behaviours Report.
The sixth iteration of Havas Media Group’s COVID-19 Media Behaviours Report, a research study into consumer behavior and media consumption based on a survey of 1,487 UK respondents, shows that 64% of people claim to be watching more live TV than they did prior to the coronavirus outbreak (a net increase of 15% versus the first set of findings two weeks ago).
The Coronavirus pandemic : All that you need to knowMehulVerma14
The ppt contains a complete know-how of the current pandemic situation and how it is expected to impact the BFSI and digital innovation industry.
It is an overview of all that being done from the actuarial and insurance perspective to handle situations better.
Marking the beginning of our Centennial year is the publication of our Healthcare and Bio- Life Science Real Estate Report, (formerly Medical Office Report) – Year End 2020 for your review.
8. On the likely aftermath and long term effects of the coronavi.docxtaishao1
8. On the likely aftermath and long term effects of the coronavirus outbreak on business and society (Module 12)
This discussion board is devoted to the likely aftermath and long term consequences of the coronavirus for business and society. We will be posting some reading material related to this topic in Module 12.
respond 1
Effects of the Coronavirus Outbreak on Business and Society
The coronavirus outbreak has not only led to a massive loss of life globally but also altered social and economic structures in a manner that will persist for a long time. As the pandemic continues devastating communities across the globe, wealth has emerged as the best defense against catastrophes. Wealthy individuals have invested in systems that allow them to work from home to minimize interactions and avoid contracting the virus (Bonacini et al., 2021). Less wealthy individuals cannot afford to stay at home because most of them rely on daily wages to meet their basic needs. Additionally, low-income earners might not avoid interactions because most of them live in places with crowded housing. Moreover, Covid-19 has increased the health burden on low-income earners while decreasing job opportunities. Therefore, the pandemic is likely to exacerbate the economic inequality in society because the rich are amassing more wealth while the poor are suffering from high unemployment.
Besides increasing inequality, the pandemic will transform working habits in the future owing to company responses to regulations aimed at curbing the virus’s spread. At the onset of Covid-19, governments established regulations to restrict people's movement. These rules have changed business practices, promoting working from home and demonstrating the importance of technology in the corporate world. The change from working in offices to operating from home is likely to be permanent because most employers are beginning to question the purpose of a workplace. Over time, companies will establish effective policies to facilitate working from home, making it the new norm in business. Likewise, organizations will embrace technology more to serve customers who have shifted to online shopping to decrease physical interactions.
Reference
Bonacini, L., Gallo, G., & Scicchitano, S. (2021). Working from home and income inequality: Risks of a ‘new normal’ with COVID-19.
Journal of Population Economics, 34
(1), 303-360.
respond 2
ong Term Effects of COVID-19 on Business and Society
As we can and have seen, there have been and will continue to be long-term effects on how COVID-19 can and will impact business and society moving forward. Businesses will likely see a resurgence of possible re-closings. Depending on where you're located in our country, many businesses that were able to re-open may have to close again due to sparks in new COVID-19 cases. While it seems more people are no becoming vaccinated, the likelihood of this is still very evident. Many companies have learned from ini.
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
Report on Covid-19 Business Opportunities & TrendsPawan Kumar
While many industries continue to take a hit or navigate through the storm of Covid 19, there are other industries which have witnessed a spike in demand. To support entrepreneurs and business leaders around the world, we have prepared a detailed report on emerging business opportunities with actionable insights.
Though the COVID-19 pandemic has created uncertainty across every facet of society, one thing is clear: The world will never be the same again. Here are five predictions on how marketing could evolve after the pandemic ends.
The Covid-19 has brought a huge economic impact on millions of businesses and industries around the world in 2020, including the industry of tourism.
Because of this, I wanted to write and share with you 5 strategies that an enogastronomic business should start implementing to overcome this situation. I hope you find it interesting and worth reading.
Remember that something good comes out of every crisis so keep going :)
Consumer Behavior During COVID-19: Understanding ConsumerProweaver, Inc
COVID-19 has created shifts in consumer behavior. Find out how your business is affected by these changes and the different ways Proweaver can help.
Originally published at https://www.proweaver.com/consumer-behavior-during-covid19.
1. IMPACT OF COVID 19 ON BUSINESS ENVIRONMENT
2. HOW COVID-19 EFFECTED THE BUSINESS IN MY
AREA
3. DETAILS OF SMALL BUSINESS IN MY AREA – THEIR
PROBLEMS AND EFFORTS
The appearance of coronavirus recently represents the most difficult pandemic that caused a big impact on various economic sectors worldwide. Governments have been enforcing different approaches to minimize the effect of COVID-19 on public health through lockdown procedures, restrictions on the movement of individuals, and practicing social distancing. These actions have affected most of the businesses as the purchase behaviours of consumers changed drastically which caused significant implications on profitability and the effectiveness of marketing practices. The main objective of this paper is to discuss the impact of COVID-19 on marketing strategies and actions of different organizations. In summary, several marketing actions have been influenced by the spread of COVID-19, such as corporate social responsibility (CSR), consumption pattern, advertising, marketing communication program, and supply chain.
COVID-19 // Media Behaviours Report Vol.8 // Havas Media UK POVHavas
UK media consumption has continued to rise in the last two weeks, with huge gains across live TV, video, social media, and video streaming, according to the latest Havas Media Group COVID-19 Media Behaviours Report.
The sixth iteration of Havas Media Group’s COVID-19 Media Behaviours Report, a research study into consumer behavior and media consumption based on a survey of 1,487 UK respondents, shows that 64% of people claim to be watching more live TV than they did prior to the coronavirus outbreak (a net increase of 15% versus the first set of findings two weeks ago).
The Coronavirus pandemic : All that you need to knowMehulVerma14
The ppt contains a complete know-how of the current pandemic situation and how it is expected to impact the BFSI and digital innovation industry.
It is an overview of all that being done from the actuarial and insurance perspective to handle situations better.
Marking the beginning of our Centennial year is the publication of our Healthcare and Bio- Life Science Real Estate Report, (formerly Medical Office Report) – Year End 2020 for your review.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
The European Unemployment Puzzle: implications from population agingGRAPE
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Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
1. The Impact of Covid-19 on Cafés and Coffee Shops – Strategic Analysis, May 2020
2. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
Table of Contents
Section 1: Introduction & Background
Section 2: Executive Summary
Section 3: Owner Response to Covid-19
Section 4: Impact of Covid-19
Section 5: Government Response
Section 6: Post Covid-19
Section 7: Areas of Support
Section 8: Time for Change?
Section 9: Ending on a High Note
Section 10: Research Summary Tables
TABLE OF CONTENTS
3. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
1 / INTRODUCTION & BACKGROUND
On March 20th 2020, Boris Johnson told “cafés, pubs,
bars and restaurants to close tonight, as soon as they
reasonably can, and not open tomorrow.” He added
that they would be allowed to sell takeaway food and
drink.
Since then cafés and coffee shops have had lockdown,
furlough schemes, and business loans.
As we move deeper into May there are signs the UK is
starting to open up again, but how have the past two
months affected the UK’s cafés and coffee shops? What
does their new normal look like? Where do they need
support?
This document presents the answers to those questions,
straight from the owners themselves.
For context, the majority of owners surveyed (66%)
operate one café or coffee shop. 18% operate two. 9%
operate 5 or more.
And the majority of these owners (43%) employ less
than 10 staff. 32% employ between 10-19. 19% employ
20-49.
4. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
2 / EXECUTIVE SUMMARY
8 OUT OF 10 OWNERS ARE WORRIED ABOUT FUTURE BUSINESS VIABILITY
As we come towards the end of the first stage of lockdown in the UK, in comparison with early April there is perhaps even more uncertainty and concern
over what the coming months will look like. What is our new normal? When can people meet again in both private and public spaces? How long will the
furlough scheme last? The answers are unknown yet have big implications on how coffee shops will operate. It’s therefore no surprise that, when it comes
to them and their business, right now owners are most worried about future business viability and immediate cash flow.
OWNERS PREDICT FINANCIAL IMPACT OF COVID-19 TO BE HIGHER THAN £50,000
To many it feels like lockdown has been in place for months. However, at the time of writing, it’s actually only been seven weeks. This goes to show just
how quickly cafes and coffee shops can be affected financially. The majority of owners (46%) said the coronavirus has impacted their revenue by over
£50,000, while 30% estimated it to be between £20,000 - £49,999. The reality is that, with certain restrictions likely to be in place for many months, the
true financial implications are yet to be realised.
MAJORITY ARE SATISFIED WITH THE GOVERNMENT’S RESPONSE & ARE USING THE FURLOUGH SCHEME
In the coming months there will be reviews of what the Government did and didn’t do well in their response to the coronavirus, and comparisons will be
made with other governments in Europe. For now though, the majority of owners are satisfied with the Government’s response. This is in relation to both
their public health response, and their business response. The latter has been particularly welcomed by the community, with the majority (93%) having
taken advantage of the furlough job retention scheme. For the particularly savvy and financially minded owners there are even some opportunities for
growth given the Government’s favourable loans.
BUSINESS OPERATIONS WON’T RETURN TO NORMAL FOR AT LEAST 10-24 MONTHS
There is a growing realisation that, even when lockdown ends, several restrictions will still be in place and consumer behaviour will be very different.
Foremost amongst this is the need for social distancing. Owners are unsure how to operate safely in such circumstances and how they will return to their
previous levels of revenue with those restrictions in place. Until a vaccine is found behaviour will not be ‘normal’, with a drop in tourism, business trade
(with more people working from home), and disposable income already major concerns for owners.
5. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
3 / OWNER RESPONSE TO COVID-19
The majority of owners have temporarily closed all of their venues, with a small percentage (15%) still staying open. Of those still open, a number of new
commercial and safety initiatives have been implemented. These include switching to takeaway only, reducing trading hours, and reducing menus. Owners
have remained open in part to keep staff paid and happy, having had concerns that grants wouldn’t come quickly enough, and to keep customers
supported and engaged.
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Temporarily closed all venues
Temporarily closed some venues
All venues still trading
Permanently closed all venues
Temporarily closed some venues
& permanently closed some venues
FIGURE 3.0: RESPONSE TO CORONAVIRUS FROM CAFES & COFFEE SHOPS – UK, 2020
What is the current status of your business?
(Single Response)
Percentage of Respondents
FIGURE 3.1: RESPONSE TO CORONAVIRUS FROM STILL-OPEN CAFES & COFFEE
SHOPS – UK, 2020
How have you changed your trading model or patterns in response to the
coronavirus pandemic?
(Multiple Response)
Percentage of Respondents
0%
10%
20%
30%
40%
50%
60%
70%
80%
Source: Allegra World Coffee Portal Research and Analysis, 2020
6. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
4 / IMPACT OF COVID-19
Estimating the impact of the coronavirus on their revenue, 44% predicted it to be higher than £50,000, while 30% predicted it to be between £20,000 -
£49,999. While it is unclear what the UK will look like post-lockdown, the sense from most owners is that social distancing rules will apply in some form. As
such, when asked to predict the impact of the coronavirus on their business over three periods, 54% expect it could take between 10-24 months for their
business operations to return to normal. 19% expect their business operations to return to normal within at least 6 months.
3 MONTHS 6-9 MONTHS 12-24 MONTHS
Severe 51.1% 24.7% 10.9%
Significant 31.6% 48.9% 25.9%
Moderate 10.3% 21.8% 33.9%
Negligible 5.2% 1.7% 21.8%
Positive 1.7% 2.9% 7.5%
FIGURE 4.1: PREDICTED IMPACT OF CORONAVIRUS ON CAFES & COFFEE SHOPS – UK,
2020
What impact do you think the coronavirus pandemic will have on your business over the
following time periods?
(Single Response)
Percentage of Respondents
“Over the current time we have been closed we would
have turned over around £70k. On top of that we’ve
lost about £3,000 in wasted stock. Rents, costs etc.
don’t go down, a lot are going up so it’s even harder
to operate.”
“I considered choosing 10-12 months but there is no
guarantee that a vaccine for the virus will be ready in
that time.”
“After restrictions on opening are lifted, we expect to
see a fairly well sustained drop in customer numbers,
and as a result revenue.”
Source: Allegra World Coffee Portal Research and Analysis, 2020
7. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
5 / GOVERNMENT RESPONSE
Generally owners are happy with the Government’s business response, recognising how unprecedented and difficult the situation is, although they are less
happy with the Government’s public health response. While the furlough scheme exceeded how much support owners thought they might get, and has
created short-term comfort, there is concern over how long it will last and what will be done post-furlough schemes when the lockdown is lifted but
revenues remain low. There are also frustrations that some employees have ‘fallen through the cracks’, the online system is too slow, and that we should
have been in lockdown sooner.
BUSINESS
RESPONSE
PUBLIC HEALTH
RESPONSE
Highly Satisfied 17.8% 9.5%
Satisfied 48.0% 38.1%
Neutral 15.8% 27.9%
Dissatisfied 14.5% 19.0%
Highly Dissatisfied 3.9% 5.4%
FIGURE 5.1: SATISFACTION WITH GOVERNMENT RESPONSE TO CORONAVIRUS – UK,
2020
How satisfied are you with the Government's response to the coronavirus
pandemic?
(Two separate questions with single responses)
Percentage of Respondents
93% using furlough job retention scheme
76% using business support grants
69% using business rates relief
19% using business interruption loan scheme
“Grants are welcome but took a long time to come.”
“The uptake of lockdown measures was too slow.
They had plenty of warning and ignored the impact
from other countries.”
Source: Allegra World Coffee Portal Research and Analysis, 2020
8. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
6 / POST COVID-19
While the closing of cafés, restaurants and bars may have coincided with the lockdown coming in, owners are under no illusion that coming out of
lockdown does not mean they will be able to reopen. Indeed many are aware that even when they can open there will be social distancing measures and
new consumer behaviours in place. This is why the majority of owners think it will take up to 2 years for their business operations to return to normal.
“First to be closed, last to reopen due to
social distancing.”
“Even when social distancing measures
are lifted there will be a percentage of
the population who will still feel the need
to self distance. It takes time to change
habits.”
“I believe that social distancing will
drastically reduce turnover potential until
a vaccine is in place.”
1-3 months
4-6 months
7-9 months
10-12 months
Up to 2 Years
Longer than 2 years
0% 5% 10% 15% 20% 25% 30% 35%
FIGURE 6.1: THE LONG-TERM IMPLICATIONS OF CORONAVIRUS – UK, 2020
When do you expect that your business operations will return to normal?
(Single response)
Percentage of Respondents
Source: Allegra World Coffee Portal Research and Analysis, 2020
9. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
7 / AREAS OF SUPPORT
Given the uncertainty around how long the Government’s furlough scheme will operate, and with many predicting lower footfall and revenues, most
owners would like expert financial support, or business transformation support. The majority expect this support to come from the UK Government, over
local government, but with information constantly changing some feel there is no one place where you can be sure you have the right answer. Once open,
there is an opportunity for companies to provide owners with resources to help them operate safely, as well flexible supplier terms. Many owners will need
to extend their own skillset, such as understanding their legal position for landlord negotiations, or knowing GDPR policies for increased online trading.
What support would you appreciate from your suppliers / brands / wholesalers?
PAYMENT TERMS
“Freeze on current outstanding
invoices and longer credit terms
once business opens again.”
“Minimal or no increase in cost
prices and less minimum
purchase total for each order.”
ORDER QUANTITY
“Lower minimum orders and no
delivery charges in short term
from suppliers.”
“Clear communication over
availability and reviewing
minimum order charges.”
MARKETING
“How best to transition people in
to spending money on non-
essentials again.”
“Collaborative marketing
support to gain bigger reach.”
Source: Allegra World Coffee Portal Research and Analysis, 2020
10. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
8 / TIME FOR CHANGE?
Owners are facing three waves of disruption that they need to adapt to. The first - going into lockdown - has seen many accelerate their existing plans for
diversifying their business or moving it more online. The second - coming out of lockdown into a social distancing society - will see the majority of owners
grapple with the benefit of implementing initiatives such as takeaway and delivery, but the loss of what makes their experience so unique: their physical
space and the experiences people can have in them. The third - living in a fully safe-again world - will require the whole hospitality industry to rethink how
it does business. Consumer behaviour will have changed, and few owners will want to operate as they did pre-coronavirus for fear of a similar phenomenon
occurring again. There is a huge creative opportunity for owners to test and trial new ideas for growth, however they will need support and guidance from
both Government and partners to do this.
Three areas of change
BUSINESS OPERATIONS
“Hospitality industry is run on margins
that are too small.”
COMMUNITY
LOCALISATION
“The community spirit has been
outstanding.”
“More of a shop-local feel, which is
fantastic.”
“Support local business, reduce debt,
have more savings.”
CONSCIOUS PURCHASING
(& ENVIRONMENT)
“It is probably a good moment to take a
look at our environmental efforts and
reshape the economy.”
Potential areas of growth
How do owners get more people visiting their space?
E.g. yoga, mental health sessions, co-working spaces.
How can owners tap into a stronger sense of
community?
With travel likely to decrease, could owners tap into,
and facilitate, consumer desire for exploration?
How can owners build on the slower pace of life some
have enjoyed during the past few weeks?
If people do go out less, there will be a stronger need
for owners to differentiate their offering. High
quality, purpose-driven, and socially-conscious
businesses could thrive, just as they did post-2008
recession.
Source: Allegra World Coffee Portal Research and Analysis, 2020
11. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
9 / ENDING ON A HIGH NOTE…
“We have built a team of 50 volunteers to
fulfil community needs for the most
vulnerable. We are partnering with sports
charities, local schools and community
organisations to bring food, hope, health,
support and opportunities to the young
people on our estates.”
“Our village has a WhatsApp chat. there have
been a number of initiatives and outcomes
from it but mainly everyone now knows each
other and knows that there is support every
way they turn.”
“Communication between our staff has
actually improved with a group WhatsApp,
keeping everybody’s spirits up and sharing
what they’re doing on a daily basis.”
“One customer offered toys for my kids in
order to thank them for letting their dad go to
serve her coffee everyday.”
Source: Allegra World Coffee Portal Research and Analysis, 2020
12. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
10 / RESEARCH SUMMARY TABLE (1)
Note: SR = Single Response, M5 = Maximum 5, SA = Select All, OT = Open Text. Source: Allegra World Coffee Portal Research and Analysis, 2020
QUESTION RESULTS
How many café / coffee shop
outlets do you operate? (SR)
1 65.9% 4 2.4%
2 18.5% 5-9 5.2%
3 4.3% 10 or more 3.8%
How many staff do you employ in
total across your business? (OT)
Less than 10 42.7% 50-99 2.4%
10-19 31.8% 100 or more 4.3%
20-49 19.0%
What is the current status of your
business? (SR)
Temporarily closed all venues 81.5% Permanently closed all venues 2.8%
Temporarily closed some venues 10.0% Temporarily closed some venues & permanently closed some venues 0.9%
All venues still trading 4.7%
How have you changed your
trading model or patterns in
response to the coronavirus
pandemic? (SA)
Switch to take-away only 70.0% Added grocery items 43.3%
Reduced trading hours 66.7% Not accepting reusable cups 40.0%
Reduced menu 56.7% No change 6.7%
Switch to cashless payment only 53.3% Other (please specify) 20.0%
Introduced delivery service 50.0%
What impact has the coronavirus
pandemic had so far on your
business operations? (SR)
Positive 1.9% Negative 87.4%
Neutral 10.7%
13. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
10 / RESEARCH SUMMARY TABLE (2)
Note: SR = Single Response, M5 = Maximum 5, SA = Select All, OT = Open Text. Source: Allegra World Coffee Portal Research and Analysis, 2020
QUESTION RESULTS
Please state the approximate
monetary impact coronavirus has
had on your revenue (OT)
Less than £10,000 11.1% £50,000 - £99,999 22.2%
£10,000 - £19,999 12.7% £100,000 or more 23.8%
£20,000 - £49,999 30.2%
Please state the approximate
percentage impact coronavirus
has had on your revenue (OT)
100% 55.0% 60% - 69% 3.6%
90% - 99% 15.7% 50% - 59% 5.0%
80% - 89% 3.6% Less than 50% 12.9%
70% - 79% 4.3%
What impact do you think the
coronavirus pandemic will have
on your business in the short term
(In 3 months time)? (SR)
Positive 1.7% Significant 31.6%
Negligible 5.2% Severe 51.1%
Moderate 10.3%
What impact do you think the
coronavirus pandemic will have
on your business in the medium
term (In 6-9 months time)? (SR)
Positive 2.9% Significant 48.9%
Negligible 1.7% Severe 24.7%
Moderate 21.8%
What impact do you think the
coronavirus pandemic will have
on your business in the long term
(In 1-2 years time)? (SR)
Positive 7.5% Significant 25.9%
Negligible 21.8% Severe 10.9%
Moderate 33.9%
14. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
10 / RESEARCH SUMMARY TABLE (3)
Note: SR = Single Response, M5 = Maximum 5, SA = Select All, OT = Open Text. Source: Allegra World Coffee Portal Research and Analysis, 2020
QUESTION RESULTS
What worries you most about this
coronavirus pandemic, with
respect to you and your business?
(M5)
Future business viability 78.0% Staff retention 26.2%
Immediate cashflows 65.2% Mental health stress 23.8%
Inability to pay rent 50.0% Selfishness of individuals 11.6%
Inability to pay wages 36.0% Time burden 7.3%
Health of key staff 33.5% Interest charges 6.1%
Future increase in price consciousness 31.1% Crime rates 3.0%
Personal and family health 30.5% Other (please specify) 4.9%
Threat to supply chain 26.8%
What are the key changes in
consumer behaviour that you
expect from this crisis? (M5)
Long term social distancing 76.2% Increased demand for delivery services 31.7%
Lower customer footfall 72.0% Less cash-based purchases 25.6%
Increased focus on hygiene 48.8% Wage stagnation 11.6%
Less tourism 42.7% Less focus on sustainability 3.7%
Less eating out-of-home 41.5% Greater emphasis on loyalty programmes 3.0%
Decreased consumer confidence 36.6% Increase in health-led purchases 1.8%
Less coffee out-of-home 34.1% Other (please specify) 1.2%
Increased preference for localness 32.3%
15. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
10 / RESEARCH SUMMARY TABLE (4)
Note: SR = Single Response, M5 = Maximum 5, SA = Select All, OT = Open Text. Source: Allegra World Coffee Portal Research and Analysis, 2020
QUESTION RESULTS
When do you expect that your
business operations will return to
normal? (SR)
1-3 months 3.0% 10-12 months 25.0%
4-6 months 16.5% Up to 2 Years 29.3%
7-9 months 20.7% Longer than 2 years 5.5%
What are the key areas where you
could use expert support in
relationship to the coronavirus
crisis? (SA)
Financial 54.1% Human resources 25.2%
Business transformation 49.6% Property 25.2%
General advice 43.0% Supply chain and logistics 12.6%
Legal 39.3% Other (please specify) 5.2%
Crisis planning 25.2%
Which institutions or groups
would you would want help
mostly to come from? (M5)
National government 72.9% Key suppliers 24.5%
Local government 61.3% Professional consultants 21.9%
Landlord 58.7% Investors 6.5%
Customers 42.6% Friends and family 5.8%
Bank 32.9% No external help needed 2.6%
Staff 25.8% Other (please specify) 0.6%
16. The Impact of the Coronavirus Pandemic on Cafés and Coffee Shops
Strategic Analysis, May 2020
10 / RESEARCH SUMMARY TABLE (5)
Note: SR = Single Response, M5 = Maximum 5, SA = Select All, OT = Open Text. Source: Allegra World Coffee Portal Research and Analysis, 2020
QUESTION RESULTS
How satisfied are you with the
Government's overall BUSINESS
response to the coronavirus
pandemic? (SR)
Highly satisfied 17.8% Dissatisfied 14.5%
Satisfied 48.0% Highly Dissatisfied 3.9%
Neutral 15.8%
How beneficial do you think the
following Government initiatives
have been to business on a scale
of 1-10? (SR)
Furlough job retention scheme 9.07 VAT payment deferral 6.59
Business support grants 8.13 Business interruption loan scheme 4.53
Business rates relief 8.10
Have you taken advantage of any
Government initiatives during the
coronavirus pandemic? (SA)
Furlough job retention scheme 93.1% VAT payment deferral 58.3%
Business support grants 75.7% Business interruption loan scheme 18.8%
Business rates relief 68.8%
Roughly how many staff have you
/ are you intending to place on
the Government furlough
scheme? (OT)
Less than 10 53.5% 50-99 1.6%
10-19 25.2% 100 or more 3.9%
20-49 15.7%
How satisfied are you with the
Government's overall PUBLIC
HEALTH response to the
coronavirus pandemic? (SR)
Highly satisfied 9.5% Dissatisfied 19.0%
Satisfied 38.1% Highly Dissatisfied 5.4%
Neutral 27.9%