Now completed, Strata-gee’s COVID-19 Impact on Tech II Survey is a follow-up study to Strata-gee’s original survey, COVID-19 Impact on Tech. If you haven’t read those original results yet, I would suggest you start there by clicking on this link as it will add context to the follow-up survey discussed here. And this time we learn that things have definitely changed in just five short weeks. In a nutshell, survey respondents report that the impact of COVID-19 this time around is much greater than in March.
All Eyes Turn to the Emerald City – San Juan Capistrano
IFA 2020, a huge consumer electronics show scheduled to take place in Berlin on September 4-9, 2020, is now canceled, the organization behind the event announced this week. It is yet another show joining a long line of mass, in-person marketing events to suffer this fate. The promoter is promising “an innovative new concept” to replace it – which some speculate will be a virtual online conference.
See more on this cancellation of IFA…[Read more…] about IFA 2020 Show, Scheduled in September, is Now Canceled
Cites COVID-19 & Economic Hardship
In an “Open letter to Joel Davis of JD Events,” a group of 20 prominent personalities in the high-end specialty audio industry – who are also contracted exhibitors – call on the producer of AXPONA to cancel the event. AXPONA had already been previously rescheduled by its production company from the originally planned April 17-19 dates…to August 7-9, due to the expanding COVID-19 pandemic.
Now some exhibitors are publicly calling upon the show’s producer to fully cancel the event for 2020 altogether, as COVID-19 – and the economic damage it’s causing – continues to be a major issue.
See why exhibitors want AXPONA canceled…[Read more…] about Group of 20 Prominent Exhibitors Call on Producer of AXPONA to Cancel Event
COVID-19 Recession: Will Rebound be a V…U…or W?
The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated urban areas (NYC, LA, Chicago), then spreading its tentacles throughout more sparsely populated regions of the country. It has extracted a devastating human toll, striking fear in the hearts of consumers, and brought a once bustling economy to a screeching halt…plunging it into recession.
We have never seen anything quite like this and for business owners and managers…we are truly in uncharted territory. With almost 85% of all Americans now subject to some form of Shelter-In-Place or Stay-At-Home order, everything except essential services, such as grocery stores and pharmacies, has been closed down – and most companies have seen their sales disappear. Will a fearful consumer complicate our recovery from this recession?
See more on what kind of rebound to expect…[Read more…] about Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession
An astonishing 283 million Americans are stuck in some form of self-isolation or self-quarantine due to the fact that most states and cities have imposed a “Stay-at-Home” rule in the fight to snuff out the COVID-19 pandemic. This new reality in which we find ourselves means that almost all businesses (except for a few essential services) are closed – and millions of Americans are stuck at home with little or nothing to do. But what role does their technology play in this situation?
Thanks to Technology, we can all be connected…[Read more…] about Stuck in COVID-19 Isolation? Country Music Star Says ‘Thank Goodness for Technology’
You don’t need me to tell you…the entire world has changed dramatically in just a few short weeks. Deadly viral outbreaks forcing government mandated ‘Stay-at-Home’ orders is something we haven’t seen in our lifetimes. Well the good news is, Savant remains committed to supporting their dealers and has aggressively taken action to more effectively configure their company’s support systems to meet the challenges of today’s environment.
See Savant’s changes to improve support in changed environment…[Read more…] about Savant Launches New Support Structure & Options for Today’s ‘New Normal’
AudioQuest Announces Downsizing
A relatively large number of readers and industry sources have reached out to Strata-gee with word of cutbacks and layoffs at various industry brands – as the impact of coronavirus (COVID-19) takes its toll on the U.S. economy. As was reported in a post just a few days ago, jobless claims jumped dramatically – by 33% in just one month – only to be exceeded a few days later by a massive jump in claims of 3 million more unemployed workers.
Now we are beginning to see layoffs in Tech…[Read more…] about As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well
Nearly 90% of Consumers Expect a Recession Because of COVID-19
New research conducted this month shows another major impact of COVID-19 Coronavirus – the crash of consumer sentiment. A statistically significant survey of a representative sample of all Americans has reached concerning conclusions about consumer sentiment now and likely to prevail for months after the COVID-19 crisis passes.
See how COVID-19 has impacted consumer sentiment…[Read more…] about New Study: Another Impact of COVID-19 – the Crash of Consumer Sentiment
8 Steps to Recession-Proof Your Business
Most economists have come to the conclusion that a recession is imminent – if not already here – as the drive to stamp out the novel coronavirus (COVID-19) has businesses being shut down and employees sent home. Many of these employees are either being officially laid off, or effectively laid off if they are hourly workers. Unemployment claims have already jumped and based on estimates from people way smarter than me – are going to go way higher soon. So now what do we do?
See logical next steps in a recession…[Read more…] about With Recession Certain, What To Do Now
ProSource Confirms COVID-19 Exposure from Exhibitor at Annual Member Conference
ProSource wrapped up their annual Summit, this year known as Summit 2020 on March 11th. The event had barely wrapped up when within days many other organizations began canceling their events due to the rapidly propagating coronavirus epidemic sweeping across the U.S. ProSource barely got their event completed just as health authorities around the country began restricting gatherings such as conferences like theirs which congregate a lot of people in one place at one time.
And now we know that there was another attendee at the ProSource Summit 2020 – coronavirus COVID-19, an uninvited guest, visited the group’s annual event..