While people are trying to recover from difficult economic times, retail sectors appear to be recovering, too. Harvard Business Review said one cosmetics company that closed its doors during the height of the crisis had empowered their employees to transition to online beauty consultants, stimulating a 200% growth compared to the prior year’s quarter.
China also got creative to keep employees working, according to the Harvard Business Review. They reported, “In response to a severe decline in revenue, more than 40 restaurants, hotels, and cinema chains optimized their staffing to free up a large share of their workforces.
“They then shared those employees with Hema, a “new retail” supermarket chain owned by Alibaba, which was in urgent need of labor for delivery services due to the sudden increase in online purchases. O2O players, including Ele, Meituan, and JD’s 7Fresh followed this lead by also borrowing labor from restaurants.”
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