29
Aug

THE POTENTIAL EFFECTS OF POSTPONING EVENTS AFTERMATH OF CORONAVIRUS

The draconian of Covid -19 has created the state of ebullition in the world. The virus has lately, not just invaded the human cells but also all the commercial activities around the globe, being event industry strained immensely, to the extent that the event banks have machinated to postpone the events to the last three months of the year 2020, Now the question which is seeping into one’s mind is “ What intricacies will event planners confront aftermath of coronavirus? “
Here are some considerable insights of the postponement scheme.

1. OVERCROWDING IN EVENTS

The plethora of events will be postponed to the last trimester of the year 2020 which in consequence, will make the events congested that in turn could prove to be beleaguered for the event planners to operate horde of people keeping in mind the safety, risk assessment and communication channels.

2. SMALL SCALE EVENTS vs BIG SCALE EVENTS

Intense competition could be anticipated between small scale events and the well- established one, thereby having strong possibilities to endure loss by small scale or average event planners. The potential solution the hit the snag is to navigate towards online platform and create the space for virtual webinars which will mitigate the risk of
experiencing loss.

3. ECONOMIC FALLOUT

Many of the attendees will not be able to purchase the tickets because of the economic fallout we are caught in, due to vortex of Covid-19. It is likely to perceive that most of the people will lose their respective jobs by the time, the virus gets contained, there will be many who won’t get the severance pay which increases the odds of slipping into recession. Surprisingly, the above information has already hit the headlines.

CONCLUSION

Team members of Eunoia have also tried to bring in the positive aspects of the postponement of the events, one of them being that many of the event métiers have a fair crack of whip to invest their time by deftly working on the loopholes considering their events and make it sustainable with suitable strategies like giving offers to both new and old attendees, arrangement of efficient resources that could be procured from Eunoia which could further minimize the risk of loss, making the event a tenable one.