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Experts say some businesses will never reopen due to COVID-19

Experts say some businesses will never reopen due to COVID-19

Due to the COVID-19 pandemic, governments across the globe have decided to put everyone into lockdown. This includes economies and industries shutting down temporarily. However, experts say that many businesses will stay shut and closed as they struggle with the new “normal.”

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Experts say some businesses will never reopen due to COVID-19

Disaster Recovery Institute International (DRI) helps businesses recover from crises like COVID-19. However, some small business owners remain vulnerable and may have to become entrepreneurs again just to survive. They would have to restart their business which remains harder than shutting it down.

Chief executive of DRI Chloe Demrovsky even noted that the economy won’t go back to how it was.

“When the economy reopens, it won’t go back to how it was all at once. Our habits may have changed together with the width of our wallets.”

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Businesses have to be creative in a post-coronavirus world.

With coronavirus pushing for lockdowns and quarantines, many activities went online. This includes grocery shopping, movie watching, classes, and even company meetings. Although these may be short-term trends to provide the services that everyone needs, companies will have to adapt to these kinds of consumer behavior changes.

“Individual decisions like that will be multiplied throughout countries and the world as a whole. Businesses that aren’t getting creative now about how they can be useful in a new post-COVID economy will struggle.”

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What would be the new normal for businesses in a post-COVID-19 situation?

Business disaster experts say that companies should plan for measures. This includes fewer working hours, staggered shifts, and more shift changes for their staff. For retailers, on the other hand, they should prepare for more distance between customers, and individually packaged food.

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Aside from that, businesses would need policies in place to make both customers and employees feel safe. This would include extra and visible cleaning, along with proper protection for employees. They would have to have masks, gloves, and constant temperature checks.

“Some things may change forever. Conferences and large events will likely be canceled or sparsely attended for a long time. This may be the nail in the coffin for shared workspaces and open office floor plans as we all now realize the importance of walls.”

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