Business Model Adaptation, Evolution - short and medium term Action Plan following Covid-19
Our 10-point checklist for quick recovery:
1. Compare outgoing, quick recover attitude vs local, protect profile
2. Convert habits into short, medium-term trading scenarios
3. Project different impact of Covid-19 into balance sheet and cash flow requirements
4. Amend sourcing strategy to respond to current and next constraints
5. Assess product style and quality to determine commercial potential
6. Clear old stock that cannot be repurposed to generate liquidity
7. Rethink channel mix and target results in light of new customer habits
8. Review store operations and sales model to respond to safety and to protect brand values
9. Focus on your stakeholders to re-engage customers with product
10. Encourage alternative remote sales tools to partially recover lower store traffic
Get in contact with us to identify opportunity areas for your business
We have gained extensive experience in developing innovative and profitable business models for brands, retailers, financial institutions. Ispira is committed to delivering non-conventional strategic support in 5 areas:
1. vision
business ideas
omnichannel evolution
range evolution
2. due diligence
strategic assessments
company value, turnaround
3. operational assessments
time-to-market reduction
category management
best practice benchmarking
4. market scenarios
market position
brand portfolio optimization
brands scouting
5. strategic assessments
financial performance
retail experience
competitive benchmarking
Download our Retail Strategy White Paper
The impossible is often the untried.” (J. Goodwin)
1. vision
business ideas
omnichannel evolution
range evolution