COVID; Analysis of Key Commercial Benchmarks

We look at the past twelve months and ask – if everything has gone wrong, was that simply because of COVID, or were the downsides always there, it’s  just that Covid was the excuse  of choice? Or are there new trends and behaviours come to the surface that we never considered until now?

Looking at the obvious – you can  say that 2020 was the death knell of Events and Conferences. Major companies globally are in trouble and have not been able to rediscover a new secret sauce as to why you and should even  bother to attend an online event. As long as COVID continues, it is doubtful whether many will still be around with their current offering, thru to the end of 2021. In our discussions with vendors, we have yet to find any vendor that is satisfied that being part of a virtual event has has offered them any benefit at all. Criticisms range from “ this is a scam”, to the more polite “ it’s not the fault of the organiser, they are doing their best”  etc.

It is made doubly worse  by the lack of interest from so many delegates.  Worst in our discussions, were anything to do with the UK NHS. Even those that attend workshops have almost nil interest in pursuing a discussion after they have gone offline and  in almost all cases there is no way for a vendor to progress a discussion. Much better are the Financial events; there is a clear monetary and commercial objective  – but even then – online workshops that we looked at – were sparsely attended, the vendors themselves outnumbering the delegates.

This situation is made worse alas by the naivety and astonishing optimism of the conference organisers themselves, who routinely do not bother to answer emails from apparent interested parties, preferring to have a voicemail, saying “we are working from home”.  Or those who publish and write to us with sentences such as:”We bring people together and excite them with truly life-changing experiences. Creating the ideal environment for doing business, learning about new trends and innovations, and cementing relationships. Discover our unique mission, vision and values.”

This is not what people are saying to us.

At least some organisers are trying tho. This one in Liverpool, sent us a nice paragraph:

It is all down to simplicity and not trying to recreate a inperson conference. It is impossible to recreate an inperson event so why not shake things up and cater for what you have in hand. By having more focused sessions and pre arranged 1-2-1’s rather than a networking area sponsors, delegates and speakers have a much more comprehensive experience’
The trouble is – this  is alas not our experience, as well intentioned as it may be.
In short – the market exists on two levels; established vendors who just want to support their brand. They are not so dependent on  people coming to see them. Or at a deeper level – the vendor who has something new to say – in which case, the conference has work to do to keep the delegate focussed and  on-message. One thing is clear; the lack of face to face contact will continue for longer than we care to admit.
Looking  at our work habits, what is clear is that we all accept, employers and employees, that work is a thing we do, rather than a place we go. The problem is, that the novelty has worn off. What started as a great experiment, working from home – an increasing number of people have told us that six months in, they are much less focussed, and that work expands to fill the entire day. There is no “me” time.  We frequently receive emails at 23.00, from companies and even prospects, wanting our attention.  This is damaging to both our work performance and our personal health.
The good people at the property rental specialists Knotel company in London, who we have spoken to,  tell  us that corporates are looking in increasing numbers for short term flexible packages and locations.
All of which is good, for them, but we expect to see as the vaccine kicks in, a gradual return to the heady days of returning to an office to work. It has to be like this, for reasons of sharper contact with one’s colleagues, as well as the dependence on infrastructure, theatres, social gathering, that we all need as human beings. The only question is one of size; just how many people will indeed retreat from corporate values, and decide they actually like to earn less but are happier in themselves.
Moving on…..as of today (at time of writing I have just received a News Item that we have a Brexit deal, that will deliver us more or less half of what we already had anyway – clearly good news….) – this is a good moment to take stock and see which markets are now relevant, or have changed.
Talking to my colleagues in La Rochelle and Toulouse, and Paris, France; this is not a market that is worth exploring for the time being. The South West France in particular is in deep depression. The empty streets, the 20.00 curfew, has demoralised the french psyche.
Similarly, the failure of COVID free expression in Sweden, has created a sense of uncertainty among an increasing number of areas of Sweden, particularly around the Goteborg area. There are no such hesitations from the south of Sweden, or Norway.
Two things are of interest; there is a new vigour in the UK, to going and doing things. What was unmitigated disaster some nine months ago, has now manifested into something more positive. Similarly, my colleagues in Switzerland are saying “2020 was our best year”, from technology services to  consumer drinks. However – this growth has all been domestic. We would like to see more outreach from Swiss companies internationally.
Ultimately, it will in both  the consumer/delegate, as well as vendor and organiser, to increase their appetite for being serious and implemting change. That thread is the common denominator  of both avenues.  It will be interesting to see in twelve months time, which industries and geo areas have risen to the challenge.,

 

 

Author: umnitso

Managing Editor at ProfoMedia, and Senior Partner at The CRT Partnership, a a leading specialist in brokering international alliances and partnerships; a published author in own right - as well as accredited media for major trade associations, including HIMSS, Vitalis, and others.

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