Increasing your customer retention by 5% increases profits for your business by 25%. A loyal customer helps in making a business successful more than a new customer does. It is prime to acquire new customers to boost your sale, but it is just as crucial to protect the customers that have already purchased from you and retain them.
Time does not stop, even in tough times that we are witnessing since the beginning of 2020, time is moving on, life is moving on and so are we. The best way to live with time is to flow with it. We all are gradually learning to take Covid-19 in our stride, and finding ways and means to adjust and adapt to this reality. Even though the season’s trade shows are canceled, in our line of business; we are witnessing new trends as regards marketing and selling furniture to keep the wheel moving.
Every year Pantone releases its color of the year, and for 2020-2021 it has chosen the blue that evokes the mystique of the twilight sky. The beautiful blue that is found in the depth of the ocean, the twilight sky, and sapphire- the gemstone.
The queries on sourcing from India have quadrupled since the time of the pandemic. Every country is looking for an alternative to china. Furniture being the fundamental element for any home or office requirement, there has been a flood of orders at all manufacturing units in jodhpur for the upcoming festive season.
According to a Gartner survey, 33% of companies are moving their supply chains out of China. Citing the COVID-19 pandemic, the US-China trade war, rising tariffs, and Brexit, companies are moving their sourcing to Vietnam, India, and Mexico. This means that one-third of companies with global supply chains have moved their sourcing and manufacturing activities out of china, or plan to move out in the next two to three years. According to QIMA- a Hong Kong-based quality control and supply chain inspection company, there has been a sudden surge in the demand for inspections and audits by North American and European buyers in south-east Asia and South Asia. Such inspection and audit reports are used by companies to migrate to new areas.