So as a supplier of Promotional Merchandise specifically for Exhibitions and events, this has affected us quite badly.
With the cancellation of effectively ALL of our events, we no longer have customer requirements to fulfil, therefore no need for staff to do the day to day stuff that is their job. We have arranged for ALL staff to work from home, and have arranged full remote access and we are using Teams to collaborate.
Naturally, I (as sales director) am working from home, and busying myself with some stuff that i have been meaning to do for a while (you know, writing copy for brochures, updating web copy etc), But that isn’t going to take forever.
What is quite interesting is now that out Chinese supply chain is actually now back to normal (ish), and actually have overcapacity This means that factories actually have capacity but no demand, and this is driving prices down on things like USB, Powerbanks, branded cables, branded earbuds etc. down quite dramatically.
We (and out organisers) are hopeful (and fairly confident) that there WILL be an industry waiting for us on the other side, and I personally think that Q3/4 is going to be mental (in a good way!), but I think that there will be 3-4 months lull before we can get back to normal.
For us, it is simply about being in the best possible position when the time DOES come, and being able to hit the ground running, with no “spool up” necessary.
Whilst life is tough right now, we WILL come out the other side punching. In the meantime, please look after yourselves and your families. and STAY IN and WASH YOUR HANDS!