The biggest challenges facing UK franchises right now

Every business has been through an unprecedented series of challenges since March 2020, but it felt like the summer finally gave us all a bit of breathing room.

The biggest challenges facing UK franchises right now

Every business has been through an unprecedented series of challenges since March 2020, but it felt like the summer finally gave us all a bit of breathing room. We went outside, we met up with friends and family, we even went on holiday further afield than the British Isles. However, as much as we would like to believe that the hard times are over, there are plenty of indications that there are going to be some serious challenges coming our way this winter. The government has already announced that everyone could be facing a very tough few months, but what about business? Here are the challenges you need to know about.

There is still going to be a lot of uncertainty

We all had to learn how to be a lot more flexible during the pandemic, whether we liked it or not. As we all started working from home and navigated the various restrictions and government grants that were either going to shut us down or keep us afloat, we rolled with the punches and hoped for the best. While there may be something more similar to the old normal on the horizon, we are going to have to continue to live with a lot of uncertainty when it comes to returning restrictions or supply issues. Which brings us to…

Supplies are going to be scarce

If you run a business, then it definitely will not have escaped your attention that supply issues are rampant. Whether it was the shortage of HGV drivers that is still ongoing or CO2 and petrol shortages, we are all going to be worrying about how we are going to keep things running smoothly in the face of all of this. It is going to be absolutely crucial that we stay on top of our normal duties in addition for planning to any disruption. 

One of the things that you are going to have to prioritise is customer service, which means that order fulfilment and reliable deliveries will be paramount. If you are looking for a London fulfilment centre that are reliable we used Mango Logistics Group recently. They’re able to offer same day courier delivery, next day and international deliveries, and they can store and manage your goods for you.

Rising costs

The rising gas and energy prices are going to hit a lot of people hard this winter, and businesses are going to be no exception. You are going to have to think very carefully about how you manage your budget in the months to come and you may need to think about making some pretty big changes. 

Are the costs of keeping your office space going to be more than is realistically sustainable? If working remotely has been working well for your business up until now, then why not think about committing to it? It will not only save you money, but it will also allow you more flexibility in the long run. It may also help you to hang onto valuable employees as plenty have voiced their concern about the return to the office. 

ABOUT THE AUTHOR
Zoe Price
Zoe Price
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