Name: Kaileen Mitz B.

Alberca Date: 07-03-20

Section: BSN 2- Levine

Reflection journal about business observation

At the root of the COVID-19 pandemic is the unprecedented strong

demand for products and services, and the difficulty of retailers experiencing
insufficient availability of this market. While customers are searching for
alternatives to satisfy their basic needs, even in a socially distant setting,
retailers are grappling with the hit on non-essential products and services that
have evolved over the course of several weeks. We are seeing retailers
continuing to implement different strategies in an attempt to adjust; such
improvements involve reducing the amounts shoppers can spend at one time
while even introducing enhancements to the in-store purchasing experience.
There are also several restaurants or coffee shops experiencing the
scramble on how to live and turn in these days. Some also shifted their
employees to concentrate on orders, or moved to use food delivery sites
entirely. People are struggling to live and flourish in this pandemic. So for
them to earn money, they need to think of an alternative way that is effective
and that follows safe and preventive protocols at the same time. Online and
delivery services are one of those. Whether it might be food, clothing ,
accessories, and more. Orders are processed instantly with one tap. It is
super accessible, we don't need to leave our house. Just like Food Panda and
Grab Food, Ninja Express is one popular business that provides delivery
services that only delivers within the Dipolog area. Using the Facebook
messenger app you can easily contact them and they will respond
immediately. On the other hand , a number of people on Facebook have
started opening up food and baking business plus offers free delivery, which
is why butter supply and other ingredients has also become scarce (as I heard
from my Facebook friends).
From my local business and neighbourhood observation, it's obvious that
there's instability, transition, transformation and intensified rivalry. As the
global financial crisis begins to evolve, the market share battle, which firms
will retain (or be sidelined) their lead, is expected to intensify, and would
undoubtedly have long-lasting effects on the economic environment in several
industries.The present circumstances are not just a distortion of usual actions
but also a lens; one that can certainly be peered into by the more skeptical
user when developments occur and affect their point of view, after things
return to equilibrium.