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30/07/2020

Lawyers are predicting that one in 10 SMEs are likely to collapse post lockdown and the reality of this is that difficult decisions and steps need to be made to protect for the future. Many major high street names have announced drastic store closures – although some have suggested that these plans were already in place prior to the pandemic – highlighting that no business is immune to the effects of coronavirus.

With the sudden uptake in online sales, it is more important than ever for businesses to focus on ensuring their websites are up-to-date and equipped for online sales and enquiries. Also, workforce needs to adapt accordingly, possibly hiring more warehouse staff and delivery drivers and reskilling those whose jobs are now at risk from store closures.

It is important for all businesses, big and small, to see beyond the current climate, identifying early warning signs and taking action. Baby Products Association members have FREE access to Quest Business Support – offering 24-hour helplines on all aspects of business from HR and legal issues, to health and safety and tax advice. If you are a member, login to your account on the website at www.b-p-a.org and check out Membership Benefits for more information.

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