It is entirely possible that COVID-19 could generate challenges in the following areas:
- Manufacturing / Logistics & Supply Chain –
How to make sure you will receive the products you need on time. Will you need extra insurance to cover the risk of receiving the goods late? Do you need to realign production numbers based on the current purchase trends? Will you need to pay more for shipping in order to guarantee delivery on time?
Will you need to identify new suppliers, new manufacturing countries and what will be the costs or investments involved?
- Public Events / Collective Gathering –
Governments and private organisations have taken steps to postpone or cancel events (concerts, fashion shows, trade shows, racing competition ...). This has started to affect many big events, yet it does not yet seem to be affecting so much retail traffic.
However, there could be measures you could be taking in your stores which would offer regular customers more confidence, e.g. offering hand sanitis ...