COVID-19 has hit economies drastically across the world. It obviously affects the confidence of both budding entrepreneurs and businesses in the UAE. On the contrary, the Department of Economic Development (DED) has recently issued figures which tell another story. In 2020, the statistics of new company licenses stood up to 42,640, i.e., amounting to around a 4% hike.
Despite the pandemic, the government has introduced new initiatives for business formation in Dubai as Expo 2020 is scheduled this year. It helped entrepreneurs to find innovative ways to do business.
The retail industry has been through several significant changes with the onset of the pandemic. From stopping the trail of samples to attract customers to practicing social distancing in stores, COVID-19 has affected retail stores significantly. Today’s customers focus more on basics than luxuries, such as vitamins, immunity boosters, PPE kits, gloves, sanitizers, masks, and other COVID-19 essentials. Many companies added new domains to cater to customers’ demands.
Many enterprises have been transformed by going digital. It’s the best time for tech enthusiasts to act smart. Technologies like AI and robotics have gained traction from top organizations to reduce manual intervention and level up their traditional practices. This way, IT services are one of the most profitable ventures in 2021.
Customers are instantly moving from in-store to online shopping. The trend of trying, touching, tasting, and feeling has been left far behind. By working with leading logistics providers and vendors, eCommerce companies have come up with innovative solutions.
With the decline in food demands at restaurants, it’s time for F&B joints and restaurateurs to switch to cloud kitchen. It is a safe and effective way to keep customers engaged. When many people work from home, you can work with third-party food aggregators or launch your official app for orders and deliveries. Cloud kitchens have come up as profitable and cost-effective ventures for most entrepreneurs.
In this day and age, we are just a few taps away from anything we want. It’s the right time to connect with your target audience digitally. You can start a digital marketing company in Dubai to help businesses make their digital presence. Visit our website