The COVID-19 lockdown and border closures have hampered business earnings. This article assesses the effects these challenges have had on the retail sector across regional New Zealand and what’s in store for the coming months.
I recently published a report that analyses emerging trends in business births and deaths in Queenstown immediately before and during the COVID-19 pandemic. The crisis will challenge the survival of many existing businesses, but the process of change will create opportunities for many new entrepreneurs.
Jetstar is making a shrewd pitch for custom in the domestic market from people that are more price sensitive than they were in the relatively secure pre-Covid world. With people worrying more about their financial situations, there is arguably more scope for discount airlines to gain a bigger foothold than before.
I was recently interviewed by Kerre McIvor on Newstalk ZB about entrepreneurship during lockdown. In the interview I discuss which industries new businesses were in, where they were located, and how these lockdown businesses will support the economic recovery.