We all are happy to learn about the
news of the Covid vaccine. India has almost vaccinated more than 6 lac, health
workers, already and the no of cases coming daily are also low. The recovery
rate in India is also quite high and touching almost 97 percent. So how these
things are going to affect the businesses and what can we expect?
Look, we all understand the
basics of the economy. And largely, you see, the economy works and grows; when
people invest. People invest when they have faith in the market. Pandemic has
created a big faith deficit in the market. It has slowed down the investment
drastically. But now, with all this news about Vaccines and recovery rate the
same faith is coming back in the investment segment.
If we want to evaluate the
Post Covid era, we should focus on the pre-Covid era. For example; let’s talk
about media. When Covid-19 hit us, many publications choose to fire their
employees and work with limited resources, considering the market position.
Especially the print publication. People had stopped buying Newspapers and
magazines due to the virus. Hence, they had to shut down the operations for
people.
Many companies also went lean, and
they are still operating in the same way. Without guess, the first thing they
reduced was; the cost of promotional activity.
The entire marketing industry also
felt the financial jolt. Many marketing companies shut themselves down due to
the low cash inflow.
So, what is in there for all of us
marketers? We all are hopeful for the market. I feel that from June this year
itself the entire industry is doing revive. We should be ready to cope up with
the newly developed consumer behavior. I suggest that we should keep eye on the
latest trend and look for the opportunity present in the market.
Focusing on key trends is going to
be the most important thing. In PR as well, we should keep looking for
innovative campaign ideas to propagate good campaign.
Last but not the least, we
should be hopeful and feel blessed at this point that we survived.