Tag: Adapting

How CUs Are Adapting to New Business Development in the Age of COVID

Source: Shutterstock.

Business development is never easy, and when the pandemic hit, it became even more challenging. But credit unions have adapted by spotting new consumer trends and finding some creative ways to keep their business development pipelines open. What’s more, because members are flocking to digital banking, credit unions are leveraging technology solutions to grow business development opportunities.

Ted Brown, co-founder of Digital Onboarding Inc. in Boston, said credit unions are essentially sitting on a business development gold mine among their current members but are not necessarily equipped in the digital age to tap into it. He noted when the branch lobbies were closed during the onset of the pandemic, everyone was moving to digital banking, and now that trend seems to be in hyper drive.

“We provide that platform to digitally engage members, providing good recommendations to those members about products and services that the credit union offers,

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Chile cenbank sees business adapting to ‘new reality’ amid gradual post-corona righting

By Aislinn Laing

SANTIAGO, Sept 16 (Reuters) – Chilean business sectors adapting to a “new reality” in the coronavirus pandemic has contributed to a gradual stabilization in the economy as contagion rates diminish and lockdowns are slowly eased, the country’s central bank said on Wednesday.

The bank highlighted the “greater flexibility” of business, coupled with “the implementation of various initiatives to support companies and individuals and, also, the deployment of fiscal and monetary stimulus,” according to minutes of the bank’s latest policymaking meeting.

The Chilean government has announced at least $29 billion, close to 12% of GDP, worth of measures to combat Covid-19 and reactivate the economy, including one-off cash handouts, loans and mortgage deferrals for hard-hit citizens. A law allowing eligible individuals to withdraw 10% of their pensions early also brought an injection of liquidity.

However, the central bank board agreed unanimously that there was “no other option” than

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Adapting to the Times by Taking a Live Event and Turning It Virtual: Portrait Masters 2020

It’s no secret that 2020 has thrown the world a few curveballs. But while the majority of events are either canceling or postponing, Sue Bryce and her team have hit the ground running in order to keep the Portrait Masters Conference alive and well. 

Last year, I was lucky enough to be able to attend the Portrait Masters Conference in person. It was unlike any other conference I have been to. So, when the fate of 2020 events was sealed, I assumed that the hope for Portrait Masters was a lost cause. The amount of planning and organization required to put on an event such as this is a full-time job itself. Now, throw is the task of reworking the entire setup to be virtual, and things get out of hand. Through this process, Sue and her team met with a handful of companies to see demonstrations of the various

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Minimizing the Business Impact of COVID-19 and Adapting to the New Normal in the US CPG Industry

Since the announcement of the nationwide lockdown in the US due to the COVID-19 virus, the CPG industry has witnessed a dramatic shift in consumer behavior. This has led to uncertainty and losses within the industry. US CPG companies face challenges such as demand-supply inadequacies, extremely high demand for certain SKUs, a substantial decrease in demand for non-essentials, and adapting logistics strategies. Therefore, Infiniti’s industry experts analyzed CPG industries in other infected countries and developed an action plan for the US CPG industry to combat COVID-19 successfully.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200901005853/en/

Minimizing the Business Impact of COVID-19 in the US CPG Industry: Three Key Strategies (Graphic: Business Wire)

For solutions to successfully combat the business impact of COVID-19, overcome supply chain challenges, and adapt to the new normal in the US CPG industry, request a free proposal.

“As the COVID-19 situation unfolds across

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