Question

3) How has COVID 19 affected Nike? What other steps can you give the company that would help them not only survive but excel given these circumstances?

Other steps might come from other companies, other industries, or any of the new government programs such as PPP or 7a loan programs that can provide assistance for multiple services to help businesses during these tough times.

Please provide sources-- where you got information from.

Answer 1

Answer: The Nike is considered as one of the biggest brand of sports clothes and shoes. The accompanying piece of the appropriate response center around how Nike is influenced because of the flare-up of Covid-19.

Stores of Nike in a large portion of the nations are closed because of the spread of the sickness. This has cut down the deals of the item all things considered. One of the significant negative effect of Covid-19 which has been looked by Nike is the gross edge of the organization fell up to 80 premise focuses.

Steps to survive

The accompanying advances whenever attempted by Nike can assist the association with overcoming this circumstance

a) The association can concentrate via web-based networking media showcasing now. The greater part of the nations are experiencing lockdown and individuals are remaining at their home. This has come about to an expansion in the utilization of a few online networking stages. In this way, subtleties of item and their highlights can be posted in a few web-based social networking stages. Online networking crusading can likewise be propelled. The battle should concentrate on showing the item alongside a message gave out in the open intrigue. This can drag the consideration of various outer partner.

b) It can likewise work together with association who have e-retail business to make the deals of their item steady.

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