The dreaded pandemic brought many changes to the business world, affecting both buyers and sellers. Many B2B buyers are skeptical about spending on new products or services, plummeting the sales to an all-time low. The worst-hit are tourism and the leisure industry. The scenario arising from the crisis is also dragging down the retail sales, which is expected to dip by 5.7% in the current year.
Whether it is the tech giants or SMB’s, most of the organizations are going back to the boardroom and re-evaluating the strategies. They are even planning to immunize themselves from such crisis in the future.
The following infographic from TD Insights explores the impact of COVID-19 on B2B sales covering a wide range of industries.