The True Impact of Covid-19 on the Event and Promo Staffing Industry
Covid-19 has had an impact on every part of our lives, and its lasting effects are a concern for everyone. The events and promo industries have been hit particularly hard, with 55% of event staffing agencies predicted to run out of cash within the next 6 months. As a result, many Event Staffing Agencies have 6 months left to survive. Despite generating an estimated £70bn to the UK economy and providing 700,000 jobs,, the industry as a whole is in a phase of uncertainty.
“We are not in the same boat. We are in the same storm! But very different boats!”
Michael Wyrley-Birch, CEO, TRO
Benchmark report for event and promo staffing Agencies
We put together a benchmark report that reveals the truth behind the impact of Covid-19 giving a voice to the event and promo staffing industry. Following a survey sent to over 6,000 event professionals, the report measures the business impact of coronavirus, analyses recovery strategies and forecasts the future for UK event and promo staffing agencies.
“No longer able to sit by and wait for things to unfold, our team at Liveforce wanted to provide a degree of certainty in an uncertain time – even if those certainties have a negative starting point!”
Greg Lusk, Co-founder, Liveforce
The aim of the report is to benchmark the industry with a fact-based, emotion-free indication of how professionals in the industry are coping, what has helped thus far and what the future may hold. Learn when the industry will return to “normal,” how agencies have treated event and promo staff, and which businesses may close before the market recovers.
Positive outlook for majority in the industry
It’s not all doom and gloom! Event and promo staff are as dedicated as ever to the industry and eager to get back to work:
“78% of staff still want to work in the Events and Promo sector despite the effects of Covid-19”
Agencies themselves have had to adapt and offer different services – a testament to a creative and innovative industry:
“75% of agencies are already offering alternative services, and 50% expect to continue to do so post Covid-19”
The long term outlook is positive with most agencies in agreement that a return to “normal” will be in Spring 2021:
“84% are optimistic that their business will survive the impact of Covid-19, although they are under no illusions that things will not be quite the same as they were”
Download the Covid-19 Impact Report
Armed with knowledge Liveforce truly believes it will be possible to weather this storm. You can download the full report by following this link:
https://www.mtpconnect.org.au/reports/COVID-19ImpactReports
