10 Ways Spain Local Business is Dealing with the Coronavirus
Spain has been one of the hardest hit countries in Europe as far as the coronavirus crisis is concerned, and as is covered over at runrex.com, local businesses have suffered massively for it. In order to stay in business, they have had to adopt and this article will look to highlight 10 ways through which local businesses in Spain are dealing with the coronavirus crisis.
Government help
As is covered in detail over at guttulus.com, the government of Spain has made available over 200 billion Euros for local businesses to cushion them from the effects of the coronavirus and this is one way through which they are dealing with the crisis. These funds are available either as state-backed credit guarantees or as loans with many businesses in Spain leaning on these funds to help cushion them from the threat caused by the virus.
Increase in their online presence
With nationwide closures enforced to try and stop the spread of the coronavirus virus, businesses that operate brick and mortar stores have really been hit hard. To deal with this, most of them have increased their online presence, switching from brick and mortar to making sales online. This way, they have been able to continue making sales while at the same time adhering to measures put in place to keep people safe.
Remote working
We are also seeing most local businesses in Spain ordering their employees to work from home which is yet another way through which they are dealing with the coronavirus threat as per discussions on the same over at mtglion.com. With the stay-at-home that have been put in place to stem the spread of the virus, businesses have had no choice but to have their employees remotely if they are to continue to work, and this way they have also been able to keep them safe.
Changes in mode of delivery
In these unprecedented times, the local avenues of delivery of goods and services are a nonstarter and as such, as a means of dealing with the coronavirus crisis, local businesses in Spain have had to change how they deliver their goods and services to their customers. As covered over at runrex.com, an example is restaurants only offering their services through home delivery and takeout, with other businesses switching to delivery through mail. This is yet another way they are dealing with the coronavirus crisis.
Diversifying distributor sources
As is discussed in more detail over at guttulus.com, one of the issues local businesses have had to deal with as a result of the coronavirus crisis are issues relating to the supply chain and inventory. As a means of dealing with this, local businesses in Spain are moving to diversify their distributor sources, making sure they don’t depend on only one supplier in case they can’t be able to meet their order request. This has helped ensure that they always have options and are not left high and dry by their distributor.
Clear and frequent communication with their customers
With the fears people have, particularly in Spain where the coronavirus has really wrecked havoc, local businesses are making sure that communication between them and their customers is clear and frequent so as to ensure they are well informed of any operational changes that may affect them. As covered over at mtglion.com, this includes informing them if they are closing their stores, they are switching to online sales and so forth. This has helped customers feel like they matter and has helped these local businesses earn loyalty and goodwill from them.
Business interruption insurance
For those businesses that have business interruption insurance, one of the ways through which they are dealing with the coronavirus crisis is by leaning on their insurance cover. As per the gurus over at runrex.com, they are now reaching out to their insurance agent to see where exactly they are covered so that they plan their reaction. As an aside, those businesses that don’t have business interruption insurance are advised to get it so that they are covered the next time there is such a crisis.
Promotions and incentives
There can be no denying the fact that pockets are stretched as far as the people of Spain go, which comes out clearly in discussions on the same over at guttulus.com. As a result, people have no appetite to make purchases other than buying essential goods. To deal with this, local businesses are running promotions and adding incentives in order to try and bring in business and encourage people to buy from them. This include discounts and offers such as “buy one get one free” offer and so forth, which is yet another way they are dealing with the pandemic.
Finding additional financial sources
Yet another way through which local businesses in Spain are dealing with the coronavirus crisis is through finding additional financial sources. Local businesses in Spain are having to be creative, pivoting towards goods and services that are relevant in this current climate, something that is covered in detail over at mtglion.com. An example are those businesses that have switched towards selling essential products such as hand sanitizers.
Being part of the solution
It is important for any local business to be seen as helping rather than taking advantage of the situation. Therefore, another way through which local businesses are dealing with the coronavirus is by helping out their local communities, from making monetary donations to donating essential goods such as food, hand sanitizers and so forth. This not only helps flatten the curve, it also helps buy these local businesses goodwill from the local communities.
As ever, you can access more information on this and other related topics by visiting the ever reliable runrex.com.