COVID-19: Is the Worst Yet to Come for Retail?

The COVID-19 pandemic has disrupted supply chains, changed consumer behaviour, and created havoc in the global economy.

However, thanks to the financial support of central governments, much of the pain of the crisis has been ameliorated and pushed out into the future. These unprecedented levels of support for employment and businesses have provided critical aid in managing the effects of the pandemic. In a way, our economies have been given a “painkiller.” But painkillers wear off – repeated use tends to dull the effect and often end in addiction.

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