COVID-19's Impact on Commerce

With important health and safety regulations around COVID-19 impacting the Retail industry, many Retailers are struggling wondering how to mitigate the impacts they are seeing to a limited supply chain, store closures, changes in consumer demand and behaviors, and furloughs and reductions in force.  Many are concerned about business continuity, and are having to put strategies in place as quickly as possible.  Some are turning to government loans to create cashflow for payroll.  Others are doing their best to continue with limited channels and budget cuts.  It’s both an uncertain and difficult time for most, and we are here to help with ideas and ways to generate revenue and not only stay viable during the crisis, but also have a strong infrastructure with the ‘new normal’ post-COVID-19.

We see both the confusion and the concern, and want to help.  That's why we've offered free consultations through the month of April to help our friends in the industry get technology and processes in place immediately to see them through the crisis.  Along with our offer of a free consultation, you’ll see our team at Ascent building out a series of thought leadership products over the next few weeks, including:

• Supply Chain impacts during COVID – How to find the right balance!
• Financial strategies for Retailers to streamline cost and revenue during COVID
• Technology strategies for the CIO to mitigate the internal and external demand being place on infrastructure
• Channel strategies for Retailers to keep customer loyalty and engagement high

We hope that by lending our experience and knowledge to help you, you can start to build your strategy for the COVID disruption and sound technologies and processes to help you get back to business in the most efficient way possible.  If there are other topics that you would like us to help with, please reach out to me directly or to our team at [email protected] or by contacting us at 801.660.2901.  We wish you the best during this difficult period and reaffirm our commitment to help as we push through the COVID impacts together.

All the best,
​
Jason Stratton
Managing Partner
Ascent Enterprise Solutions