Adapt your business to cope with Covid-19 lockdown

For the last couple of weeks the entire world has been gripped by the Coronavirus. The pandemic has drastically impacted all of us, this disease has caused the largest humanitarian crisis after WWII and, unfortunately, a  large numbers of lives couldn’t be saved.

Many companies are now feeling the impact of this humanitarian and economic crisis. They are faced with a new economic recession and feel the need to adapt to reinvent their business to survive as demands plunge. There is a lot of pressure on CEOs and executives to make the right decisions in short time spans. Meanwhile, they have to make sure that these decisions will benefit not only the safety of the workforce, but also the sustainability of the company.

We all realize that the current state of lockdown is not going to last for several days, it’s going to be in place for weeks, most likely for months to come. Now, many questions are starting to rise: How can we deal with this lockdown and adapt our services in the best way possible on the short term? How can we adapt to the long term consequences of Covid-19?

Currently, companies are suffering harder than ever and need to find new revenue streams, and optimize their product portfolio as their demand plummets. Additionally, they find it difficult to understand how to reach end users. The shift to homework has led to a shift, and even need of new sales channels to accommodate their product and services to the changing customer and market needs. Products become irrelevant and new business models emerge to transform them to the new situation.

Rapid pretotyping and market research assist in finding answers to the new normal in the COVID-19 pandemic. Online and virtual user experience in sales, product marketing or use of the product might limit the decline in order intake.

We are committed to our customers and want to help everyone during this difficult time. The coming weeks we will be publishing insights for several sectors and technologies that are relevant in his transformation. Follow our blog to identify possibilities for your company.

In addition, we can provide guidance and advise in funding and innovation subsidy to successfully complete your application process. At the moment, there are several available funding opportunities for companies that can solve COVID-19 challenges, such as  Space in Response to COVID-19 Outbreak, AI-ROBOTICS vs COVID-19, Give-a-breath and GALILEO projects.

Follow our blog to find more insights on how industries can cope with the Coronavirus lockdown and its aftermath.

For more information, please don’t hesitate to contact us.

Stay safe and stay home, so we can fight the Coronavirus together.