As we move further into 2023, it is becoming increasingly clear that traffic and travel demand are back to pre-pandemic levels. This is great news for businesses that rely on in-person interactions and foot traffic, such as retail stores, restaurants, and hotels. However, it also means that competition for customers is once again fierce, and businesses that have not adapted to the new reality brought about by Covid-19 may find themselves struggling.
One key way that businesses can stay competitive in the post-pandemic world is by bringing their operations online. This includes not only having a website, but also utilizing social media, email marketing, and other digital channels to connect with customers and promote their products and services. Online ordering and delivery have become more important than ever before, as consumers continue to prioritize convenience and safety.
In addition to the increased competition, businesses must also contend with changing consumer behaviors and expectations. Many people have become accustomed to the convenience of online shopping and remote work, and may be less likely to return to traditional in-person interactions. As a result, businesses that can offer flexible options, such as curbside pickup, virtual consultations, and remote work arrangements, may have a significant advantage over those that cannot.
Overall, while the return of traffic and travel demand is certainly a positive development, it also means that businesses must be prepared to adapt and innovate in order to succeed in the post-pandemic world. By embracing digital channels and offering flexible options to meet changing consumer needs, businesses can position themselves for long-term success.
Transferz, an Amsterdam-based ground transportation marketplace, has raised €6.5 million in a funding round led by Dutch venture capital firm Walvis. The company plans to use the funding to expand its operations in Europe, Asia, and North America. Transferz offers a platform for booking ground transportation services, including taxis, limousines, and coaches
Japan's SmartRyde has raised $3 million to expand its airport transfer marketplace platform that connects travellers to transport companies. The company will use the funds to expand its services to other Japanese airports and popular tourist destinations in the country.
Lyft laid off 1,072 employees or 26% of its team to cut costs amid the pandemic-induced decline in demand for ride-hailing services. The company will focus on reducing expenses and improving efficiency to achieve profitability. Despite the layoffs, the company's stock price reportedly increased by 2%.