Whilst cost cutting is a strategy which produces an outcome(s), does it longer term produce sustainable ROI (return on investment)?
Usually ROI should be measured by the costs of “doing something” versus the “value” delivered.
When implementing a cost cutting program, it’s so important to conduct a 360 degree examination of impacts and consequences before implementation is considered.
The Corona Virus (CV) has devastated the hospitality industry.
The impacts will be felt way into the future, or until there’s a CV cure.
Uncertain times require radical new thinking challenging the status quo.
Those best able to adapt their existing business models to accommodate the new normal will survive short term.
Retailers tell us that Bake and Bar are 2 strongly performing categories right now.
Not surprising given the number of consumers stuck at home looking for creative and pleasurable ways to fill in a day or evening.
Within the broader Bar category, it’s cocktail making that’s grabbing most attention.
Increased demand for home delivered alcohol is a positive consequence of Corona self-isolation.
Consumers are increasingly enjoying cocktails at home.
“It is surmised…. consumers may be trying to replicate the experimentation of drinks in a bar within their homes” - Julie Ryan CEO Retail Drinks Australia The Shout 1742020
More and more consumers are sharing their cocktail making experiences with family and friends across all social channels, increasing awareness and demand.
Selling alcohol from their licensed premises
Finding ways to keep employees working whilst supporting local communities is a breathtaking way to turn adversity into a social good that benefits all.
Can you turn your Bar, Pub, Restaurant into a Community Convenience Centre?
Finding your Mojo in Uncertain Times. Working from home changes many things. Some thoughts to consider over the weeks/months ahead to help stay positive, powerful, mentally strong.
Sometimes this is called a “Grudge Purchase". Funnily enough, there's a similarity between replacing car tires and bar tools. Both tend to involve gritting one’s teeth.
Our warehouse will be closed from Thursday 19th December 2019 to 12th January 2020. Last orders will be dispatched on Tuesday 17th December 2019.
Ever caught yourself saying this: “Why does my wine inventory (stock) levels vary so much from my POS recorded sales?”
For bars and pubs pouring wine by the glass, inventory discrepancies is pretty much accepted as a wine whinge, par for the course. Luckily it doesn’t have to be like this.
The perpetrator of the crime is cunning, usually cloaked in innocence to turn unsuspecting gazes elsewhere in the search for the truth..
Of course what's a mystery without a sleuth to find the culprit(s).
The sleuth possess superior deductive powers to help unmask the villain, usually the least obvious person.