7 Innovative Business Concepts in Reaction to Coronavirus

Development Snapshot

Here are 7 of our preferred current innovations that might change organisation for the better in the long-run.

These are uncertain times, to say the least– top priorities are shifting daily as a worldwide health emergency situation is being dealt with on a global scale. All the while, organisations have been forced to act fast in reaction– to help others suffering through the crisis while attempting to stay on strong ground financially.

The patterns we’ve been tracking are a mix of brand name new techniques and the sped up use of emerging technologies and platforms, such as live-streaming and virtual truth, to improve business models and engage with consumers in creative ways.

Time will inform whether or not the following ingenious company concepts will have remaining power in their particular markets as soon as there is a return relative normalcy, however we at Springwise do discover it inspiring to see so many intriguing and innovative solutions coming to light.

Springwise will continue to bring you the most purpose-driven innovations every day, including those that are directly pertinent to the COVID-19 pandemic. In the meantime, here are 7 of our favourites that might change organisation for the much better in the long-run.

Photo source: Canlis

1. BRAND-NEW BUSINESS DESIGN FOR AN UPSCALE RESTAURANT

In the face of unpredictability, the Seattle restaurant Canlis thought tactically and adjusted to the new environment and its needs. The dining establishment transformed into 3 pop-up restaurants: a drive-through hamburger joint, a bagel store, and a “household meal” shipment service.

The idea came from with the restaurant’s co-owners, Mark and Brian Canlis, who along with their group, began revamping the dining establishment in anticipation of the state’s statement.

” You have to play as much offense as you do defence … So what would we look like from scratch?” Mark stated of his method.

Read more about this new restaurant organisation design.

Photo source: Streetify

2. NEW VIRTUAL STOREFRONT PLATFORM OFFERS FREE ACCESS TO RETAILERS

If consumers can’t check out the high street, why not bring the high street to buyers? That is the concept behind Streetify, an e-commerce platform that introduced in late March, in the nick of time to help businesses respond to the COVID-19 crisis.

With buyers required to remain at home, Streetify is hoping its site and complimentary app will assist link consumers with regional shops, to help keep them afloat. It is also offering sellers open door to the platform for one year in the U.K., U.S., Canada, India and Australia.

Users of the app and site can in fact choose the street they wish to check out and can scroll left or ideal to “walk” up and down. They are revealed virtual stores and can click on any store to enter its Streetify website. As soon as inside the “shop”, consumers can see all of the special offers, deals and promos that have been gathered from top offer sites such as Groupon and Rakuten. Company owner can likewise put messages in their virtual store windows, announcing offers, shipment choices, in-stock products and more.

Read more about Streetify.

Photo source: mi.com

3. A 72- HOUR PRODUCT LAUNCH, LIVE-STREAMED

Chinese cellphone maker Xiaomi collaborated with the video platform Bilibili for a 72- hour, live-streamed launch event for its Mi 10 5G phone throughout the height of China’s coronavirus lockdown.

The event, which began on the 13 th of February, featured a two-hour interview with an emotional Lei Jun, Xiaomi’s creator, who revealed the brand-new phone, videos, item giveaways and a virtual art exhibition. There was also COVID-19- associated material like vlogs from Wuhan residents and some educational shows.

The streaming event, dubbed “Life is Not Made for Defeat,” drew in around 12 million audiences and 2.6 million comments on Bilibili’s hallmark “bullet chat” format, which streams user remarks throughout the screen in real-time.

Read more about this live-streamed item launch.

Photo source: Perfect

4. YOUCAM MAKEUP PROVIDES FREE AR TECH FOR BRANDS

As the global coronavirus pandemic selected up speed and non-essential stores closed, consumers turned to online purchasing in extraordinary numbers.

The company used brands a complimentary membership to their internet browser plug-in YouCam for Web, to assist brand names incorporate virtual makeup “try-ons” into their sites. Perfect also waived the license cost for brands who sign up for YouCam A.R.T., an AR platform for live training sessions.

Perfect’s innovation lets buyers sample makeup and hair colours virtually prior to they purchase. Through its YouCam app, it likewise provides beauty aficionados interactive ways to get in touch with the international beauty neighborhood through virtual experiences, such as one-to-one on-demand appeal assessments and Livestream beauty shows.

Find Out More about YouCam’s AR services.

Image source: Future Evidence Retail

5. SKIP-CHECKOUT APP AIDS SHOPPERS

As buyers practice social distancing and self-isolation, stores have seen a major boost in the number of clients utilizing mobile checkout apps to avoid standing in lines.

The business has actually been promoting its scan-and-go app on social media websites, as well as in shops.

Learn More about the app.

Picture source: Deliveroo Press/Flikr

6. POPULAR TAKEAWAY DELIVERY APP INCLUDES GROCERY ORDERS

The UK shipment service Deliveroo, which is primarily utilized for restaurant food orders, partnered with grocery huge Marks and Spencer to supply important to households throughout the coronavirus pandemic. The M&S- Deliveroo delivery service is totally free and is intending to drop-off orders in less than 30 minutes.

Deliveroo likewise explored other ways to help those in need throughout the pandemic. They just recently introduced “Essentials by Deliveroo,” where users can order tinned goods, pasta and other household items.

Read more about the brand-new delivery alternative.

Image source: Flaunter on Unsplash

7. VR UTILIZED TO DEVELOP CLOUD FASHION SHOW

Throughout Paris Style Week, Lanvin worked together with video platforms Douyin, Yizhibo, iQiyi, and luxury e-tailer Secoo to develop a cloud fashion program. The brand likewise invited style blog writers and boyband UNINE’s Jiayi (嘉羿) to live stream the show’s behind-the-scenes action under the hashtag #lanvin云秀场 (#lanvinCloudBasedRunway), leading to over 5 million views.

Beyond its new clothing, Lanvin’s most current purses– which are inspired by everyday items like takeaway boxes for cakes– peaked on Chinese social networks, beginning conversations and helping direct a younger audience to the brand name.

Read more about Lanvin’s cloud style program.

15 th April 2020




Find Out More