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Businesses in the UK are looking to 2021 with anticipation and optimism. Covid 19 has been affecting business owners all around the country. Once this virus was introduced, it quickly spread and caused significant structural damages to numerous companies. Some businesses were hit hard and are still struggling to recover, while others have bounced back from the disaster as nothing happened at all.
Business owners throughout have come across various strategies to find their way back to profitability. Therefore, this blog post will discuss how these businesses could recover and what they did differently this time around.
The Pandemic has been a tough time for business owners in Scotland, with some businesses going under due to lack of customers or loss of staff. But many have come back and seen their profits soar as people return to work and spend money on items they had been putting off before the outbreak.
Jamie Mallon, a 52-year old from Hertfordshire, launched his takeaway business after being made redundant. He bakes artisan pizzas for his neighbours and faced many challenges while getting the factory through social distancing and restrictions. Also, he is now looking to branch out into providing catering services at events with live music too.
Another similar example of this Glasgow based fashion and textile designs graduate, Shona Blair, took her business to thrive at the height of the lockdown. Selling her artwork, which was once a hobby, was not easy through social media initiatives. However, she is adjusting to her routine steadily now.
With an optimistic approach and switch to digital mode, these business owners are taking their business a step forward as covid retreats from some areas.
The North of England
No wonder the Pandemic has been an enormous setback for businesses in the North of England. But, as the dust has begun to settle on this disaster, it appears that many are getting back up and running again. For example, there was a massive boom in HR recruitment as companies focused on managing employee productivity and well-being.
The global survey results show that companies with more than 1,000 employees have experienced a 27% increase in their HR recruitment needs, and those with less than 100 employees have seen an 18% increase.
Likewise, Manchester, England, was a city that took the brunt of the Pandemic. Hundreds of thousands died in Manchester alone, and businesses struggled to stay afloat after being impacted by lost wages, lack of customers, and economic downturns. However, there are signs that Manchester is on the rise again and HR jobs around Manchester are at the front of where businesses are creating sustainable growth.
No city has been able to avoid the effects of the Pandemic, and that means that business, cultural life and travel have slowed down. After a coronavirus pandemic emptied the streets of London’s bustling city centre, business owners and industry experts have said that they’ve witnessed their “biggest change in living memory”.
Almost a year after the Pandemic, businesses in London, South of England, are still recovering. However, for many companies, recovery has been an uphill battle that they have fought by making changes to their products and services.
In February, business activity and sales started to pick up across the capital after a return to national lockdown measures led to a slump in output in January. Although the country’s overall economy was quite depressed, London businesses managed to hike with the number of sales rising when employment stabilized after 11 months.
However, with the shift to remote working, the capital city has managed to find a way to appeal to the customers and the business market.
In the aftermath of a pandemic, The Midlands in England has seen an increase in unemployment and bankruptcy rates. However, the one sector that managed to get out of the Pandemic in a comparatively better state was the vet sector.
3.2 million families in the UK have acquired new pets to help them get through this tough time and stay as healthy as possible, according to a recent report from the Pet Food Manufacturers’ Association. People did this to cope up with the isolation period.
As a result, even the NHS trusts have recruited vets to help relieve pressure on staff and manage the coronavirus pandemic. Even today, there is a high demand for veterinary surgeons in the UK for specialized doctors. The industry has been increasingly focused on different sectors of farm animals, small animal care, or equine.
This led to a rise in vet jobs in various UK cities, including Lincolnshire, Nottingham and Birmingham. Moreover, vet businesses upskilled their process of consultation and moved online with their company.
The business world in Wales is recovering after the devastating Pandemic. Many IT-based companies are adapting to changing times and reforming their businesses with new services and products.
Other than this, the Welsh government has taken a few actions to help the food and drink sector of the country to recover from the loss. This includes providing help with market access, risk assessment guidelines for potential pandemic risks, as well as technical assistance from their network of international experts who may be able to provide advice on how best practices can mitigate future impacts or adapt existing processes.
Besides, they are also partnering with organisations across industries, including health care providers, restaurants owners and farmers groups, to stock shelves at supermarkets all over the UK.
Covid 19 pandemic has been devastating for many countries in the UK. The effects of this virus are not just physical but also mental, emotional, and not to mention financially. Although the virus has been contained to some extent, it will still take the businesses to get back on track with the same throttle as the pre-COVID era.
But, with these examples of businesses flourishing even after surviving a significant loss, it can be deduced that the economy will be restored, and all industries will thrive again.
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