Lockdown shrunk our world, highlighting the vulnerabilities of a globalised economy and bringing us back to a more localised way of living. A palpable feeling of ‘togetherness’ was evident as people sought ways to make a difference and support both individuals and businesses within their communities. For some, this was done by helping the most vulnerable members of society, for others this was manifested by a resolve to shop at independent retailers, keeping money within the local economy.
As major supermarkets struggled to cope with the increased demand for food and home delivery options, smaller independents stood up to the plate and provided these essential services to local residents, while pubs and restaurants quickly modified their services to offer take-out and delivery options.
Harnessing this lockdown loyalty will be key for small businesses and independent traders as we gradually return to a more recognisable way of life.
Although more challenging times may lie ahead, this is also a time of opportunity for many small and owner-managed businesses to seize on this resurgence of community spirit and desire to support local traders and independent establishments.
Begbies Traynor Group in the Humber Region is here to support you, no matter what the future holds for your business over the coming months and years as we all adapt to the ‘new normal’ way of business.