Omicron Hurting Holiday Retail

Omicron Hurting Holiday Retail

Assessment

Interactive Video

Business

University

Hard

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The video discusses the evolution of retail over the past two years, highlighting the shift towards outdoor lifestyles and ecommerce. It emphasizes the unexpected supply chain challenges faced during the pandemic, particularly in the US, and the need for automation in logistics. The discussion also covers the impact of economic factors on consumer spending, especially in the outdoor sector, and the real-time effects of the Omicron variant on business operations, including staff shortages and remote work adjustments.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do high gasoline prices and heating bills impact consumer discretionary spending?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies can retailers employ to compete for consumer discretionary spending?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the impact of Omicron on retail operations and staff availability?

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OFF