Considerable investments in the digitalization of operations, the closure of small stores and the expansion of the commercial area of the best located sales points, is part of the strategy that companies are beginning to implement in the new context of business transformation.
Managers of large corporations agree that several companies were already making progress in digitizing sales and operations, but the pandemic ended up persuading decision makers of the need to focus on online sales, and simultaneously accompany it with a plan to transform physical stores.
The closure of shopping centers, bars and discotheques, and the suspension of public transport, are some of the measures that began to take effect in the country on March 17, with the aim of containing the spread of covid-19.
The provisions are mandatory and will be in force from March 17 at 00:00 hours until March 31 this year at 24:00 hours, details the presidential agreement published in the Diario de Centroamerica.
Suspension of work for government and company workers, closure of businesses and shopping centers, as well as a ban on the operation of public transport, are some of the measures decreed in the country in view of the threat of the spread of covid-19.
Air, land and sea borders are closed throughout the country, and all sporting, cultural and social activities are cancelled, reported the Honduran presidency.
Managua's restaurant trade association reports the closure of at least 700 fast food restaurants in recent months.
According to representatives of the Association of Restaurant Owners of Managua, due to the low levels of sales reported in recent months, at least 700 restaurants have closed their operations.
Regarding the massive closure of restaurants, René Hauser, president of the Managua restaurant trade union, said to Elnuevodiario.com.ni that "... That decision was made because of the socio-political crisis the country has been facing since April. Although shopping centers made discounts between 10% and 20% in the rental payment, the low influx of buyers was not cost-effective to continue operating."
Out of control piracy and the growth of Internet use, are literally killing traditional stores where CD's, DVD's, movies and video games used to be bought.
In an article about the stark reality prevalent in El Salvador, Karla Argueta examines the changes taking place in the music and entertainment industry, providing analysis that can be extrapolated to apply throughout Central America.