Remaining Agile and Managing Risk Amid COVID-19

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Earlier this year, the emergence of COVID-19 created an unforeseen period of the economic slowdown in the US. Commerce across numerous industries was reduced or suspended to enforce shelter-in-place and social distancing mandates. Businesses deemed non-essential were forced to close temporarily, unemployment spiked, and earnings growth decelerated for many industries. In short, the US economy has been faced with both short-term and long-term challenges.

Remaining Agile and Managing Risk Amid COVID-19 Brandspurng

This was an abrupt departure from the flourishing economy we experienced just a few months prior. In late 2019/early 2020, the economic outlook was positive in part due to global growth and an easing of foreign trade tensions. In March 2020, once COVID-19 was declared a pandemic, the sudden economic fallout that followed resulted in financial instability, negative impacts on revenue and earnings, and a drop in business and consumer confidence. During the height of the outbreak, the outlook for many businesses was bleak and uncertainty was the only thing that was certain.

Looking Ahead to Signs of Recovery

But now, seven months into the pandemic, we can see that not all was lost. Some businesses were only slightly affected by government restrictions, and a few even thrived while much of the country was shut down. According to Dun & Bradstreet’s COVID-19 Commerce Disruption Tracker – which illustrates the impact of the pandemic on businesses’ abilities to operate, generate sales, and have employees perform their work duties – industries that experienced very low levels of disruption include public safety, television and radio stations, central banking, and utilities. Other businesses such as grocery stores, healthcare, and IT services benefited from consumers shifting to stay-at-home lifestyles with heightened safety and health precautions.

For those businesses severely disrupted – restaurants, retailers, travel and hospitality, among others – the implications of restrictions were catastrophic for many. However, the overall impact for some was offset by the U.S. Small Business Administration’s Paycheck Protection Program (PPP), to help certain businesses cover payroll and other necessary expenses. As cash flow shortages began to surge, this program became the difference between survival and closure for many small businesses and helped soften the overall impact the pandemic has had on the economy.

Forecasting Amid Signs of Risk

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But what about the future? Going forward, how can companies forecast and act on signs of risk?

If nothing else, 2020 has highlighted the need for businesses to understand risk in order to remain agile. Business disruption has become the new normal across many industries. Understanding the financial impact COVID-19 has had can help prepare your business for future crisis situations.

Specifically, businesses should be aware of their customers’ and suppliers’ financial health to better understand the potential future impact on cash flow. When you operate with little or no data on the health of your suppliers, product shortages and supply chain disruptions may occur and drive up prices. When there is a lack of visibility into your customers’ financial health, it’s hard to know which one will pay you on time.

Simply reacting to signs of business deterioration in your supplier and customer base is an inadequate way of accurately forecasting revenue and prevents you from taking steps to mitigate risk. The poor insight could lead to supply chain disruption, late customer payments, and ultimately unmet revenue requirements.

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Businesses can help safeguard cash flow by obtaining insights on both company-level as well as COVID-19 network impacts. Dun & Bradstreet’s COVID-19 analytics provide an intensive look at key factors affecting businesses during the coronavirus pandemic. The COVID-19 Impact Index and our newest analytic offering, the COVID-19 Recovery Index, help companies identify customers and suppliers impacted by – and beginning to see signals of recovery – from coronavirus.

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The Impact Index assesses the potential level of disruption to an individual business and provides relevant data to assist in managing risk to your company’s cash flow, growing your pipeline, revenue and profitability, and developing a risk-based assessment for your supply chain. The Dun & Bradstreet COVID-19 Recovery Index tracks companies’ operations and demand activity levels (vis-a-vis pre-pandemic activity levels) to better pinpoint recovery.

Our unique global data offers an analysis that can provide actionable insights that can help you not only mitigate risk and sustain positive cash flow but also create new opportunities to grow your business.

Strategic Recommendations to Help Businesses Navigate Risk

This type of predictive insight is an optimal way to help protect your company’s cash flow and uncover potential risks throughout your supplier and customer base. Our Impact and Recovery Indices can provide the intelligence needed to help businesses drive revenue, manage risk, and more accurately forecast during the pandemic.

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For example, the table below illustrates some actions a company could take with the insights provided by the COVID-19 Impact and Recovery Indices:

Risk Range What It Means Strategic Recommendation Action Steps
High Extreme Disruption:

  • Complete loss/refund risk
  • Renewal risk mitigation
  • Delivery & operational risk
  • Reduce operational dependency
  • Limit communications and future sales
  • Transition to a survival strategy
  • Locate alternative suppliers and redeploy sales resources to other accounts
  • Expect delays in future deliverables or repayment
  • Increase reserve for revenue disruption
  • Move customer to suspend credit line and require manual review for all future orders
  • Automate collections and increase the frequency of loss cost touchpoints of open activity
Medium Significant Disruption:

  • Reduction in sales
  • Smaller renewals
  • Lack of buying interest
  • Engage with an eye toward longer-term partnership
  • Maintain and strategically extend new opportunities
  • Deepen relationships with favourable terms
  • Engage in business continuity surveys with key vendors
  • Maintain current credit limit and limit overrun
  • Proactively collect on open balances while adjusting terms
  • Engage in RFP of critical vendors for redundant controls
Low Limited Disruption:

  • Revenue growth
  • Expanded vendor dependency
  • Cross-sell/up-sell opportunity
  • Explore relationship expansion
  • Transition to pursuit model with active engagement
  • Cross-sell/up-sell opportunities
  • Expand relationship for long term partnerships
  • Extend purchase agreements where possible with key vendors
  • Extend favourable terms and increase credit limit where appropriate
  • Accelerate sales pipeline and reduce time to close where possible
  • Communicate sales leads to newly available resales resources

Leverage Data and Analytics for Post-Pandemic Risk Management

Now that the U.S. labour market is showing signs of recovery and businesses are slowly reopening, companies are looking to brighter days ahead. As customers cautiously return to their pre-pandemic lifestyles, businesses that felt the greatest impact during the lockdown may slowly recognize profits once again. Even as restrictions continue to ease, it is critical that businesses continually plan for the unknown and create a strategy to sustain cash management. A sound strategy should include:

  • Dynamically assessing revenue exposure: Evaluate shifting disruption and monitor signs of recovery. Dun & Bradstreet’s COVID-19 Impact Index allows you to continually assess shifting disruption and recovery.
  • Forecasting and optimizing revenue: Quickly understand and predict where your cash may be at risk at any given time.
  • Obtaining richer insight on cash flow risk: The COVID-19 Impact Index features enhanced, qualitative insight on elements that have been shown to help assess the network impact of COVD-19. The new COVID-19 Recovery Index can also help you monitor the pandemic aftermath.

COVID-19 has presented an ever-changing economic situation to US businesses. Leveraging robust global data and insights for risk management can help protect your cash flow and highlight areas of concern across your supplier and customer base.

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Remaining Agile and Managing Risk Amid COVID-19 - Brand Spur

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain...

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.

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Remaining Agile and Managing Risk Amid COVID-19 - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Remaining Agile and Managing Risk Amid COVID-19 - Brand Spur
- Advertisement -
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Latest News

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain And Tokenized Ecosystem Implementation Audiences And Creators Can Earn Rewards By The Second

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.


Remaining Agile and Managing Risk Amid COVID-19 - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Remaining Agile and Managing Risk Amid COVID-19 - Brand Spur
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