GB Tyres (UK) Ltd

GB Tyres are one of the leading suppliers of commercial vehicle tyres in the UK. Established in the West Midlands in 2013 the business has grown to become one of the fastest growing importers and exporters of commercial vehicle tyres in Europe.

As wholesale tyre distributors, we provide tyres for a variety of sectors including Truck, Agriculture, Plant, Construction, Off The Road, Forklift, Van and Car. We have a wide range of products stocked including premium brands like Bridgestone, Goodyear, Michelin, Pirelli, Continental, Dunlop, Firestone and Hankook. We also have brands exclusive to GB Tyres in the UK such as JK Tyre made in India, Ling Long made in Thailand and from Prometeon (formerly Pirelli Truck) Formula and Tegrys.

The team have hit on a really successful forumulae that of great customer service, coupled with strong supplier relationships, this means that as turnover has increased their greater buying power then translates into a better purchase rate. You can learn more about their financial position here : Financial overview of GB Tyres (UK) ltd

GB Tyres UK Ltd were once a “Service Provider” to the UK fleet market and even though we no longer open fleet accounts, our experience in that field gives us the knowledge to ensure we offer what a Tyre Dealer needs.

Next Day Delivery – Phone us up to 5pm Mon-Thur and if we have stock your order will be delivered the next day. We can also deliver on a Saturday at a small additional cost.
Competitive Pricing – GB Tyres source products from all over the world to ensure we offer competitive pricing.
Brands – Bridgestone, Michelin, Goodyear, Hankook, Continental, Pirelli are all in stock and if we don’t have the size and pattern you need our staff will do their best to source it for you.
Customer Care – Our sales staff are certainly some of the most experienced people in the industry. GB Tyres have invested heavily in Field Sales people to ensure we give you that personal touch.
Availability – GB Tyres has one of the largest stock holding of Truck & Coach tyres in Western Europe spread over three warehouses in the Midlands.
Online Ordering- Our online ordering system allows you to order tyres and check stock when it suits you.
Same Day Delivery – We can deliver same day with our dedicated van fleet in a 25 mile radius of our Head Office.
Exclusivity – Many tyre Dealers like to have products their competitors cannot access. Talk to us about the exclusivity options on Anchee / Sunwide Van, JK Tyre Truck tyres and Ling Long Agri opportunities.
Export – GB Tyres can supply tyres throughout Europe within 7 days from point of order.

GB Tyres are your one stop shop for all commercial vehicle tyres, no matter what your commercial vehicle tyre requirements are.

We are a family run business, with customer service at the focus of our ethos, which offers highly competitive prices with a friendly and reliable service. We have a comprehensive range of commercial vehicle tyres in stock, for all types of commercial vehicles, from all market leading brands.

Working closely with some of the UK’s leading commercial tyre suppliers and manufacturers, ensures that we can swiftly deliver the right product to suit your needs. In addition to this, we provide exceptional value for money with absolutely no compromise on quality or service.

Interestingly whilst many tyre companies have struggled during the Covid-19 Period Sukhi Singh has turned things to his advantage by using the opportunity to get better terms, and to recruit newkey senior people. The next 12 months is likely to see strong growth resuming and fairly soon GB Tyres will be among the very top handful of UK Tyre Wholesalers, and that is before they break into the non-commercial vehicle market which is another key development being planned.

June 2020 Companies in the news

Not surprisingly the stock market has been very volatile this month, rising and falling as the mood about Covid swings from positive to negative. Companies have of course their own unique circumstances.

Lookers Group PLC – reported a large fraud had been discovered, and that did not get well received by investors who had been pushing the share price up as the opening of car show rooms was announced by the Government.

Marsdens the brewery continued to rise due to its announced merger of the brewery side of its business with Carlsberg.

CINEWORLD PLC

Cineworld PLC is a United Kingdom-based international cinema chain. It was founded by Steve Wiener in 1995 and has been active to date. Cineworld’s acquisition of Regal Entertainment Group has created the second largest cinema business in the world (by the number of screens). Cineworld currently operates in the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel, and the US.

Their headquarters are located in London, UK, and England.  The group’s primary brands are Regal (in the US), Cineworld and Picturehouse (in the UK & Ireland), Cinema City (throughout Europe), and Yes Planet (in Israel). The Company’s subsidiaries include Augustus 1 Limited, Cinema City Holding B.V., Cinema Finco 1 Limited, Cinema Finco 3 Limited and Cinema Finco 4 Limited

Cineworld has proved to be one of the best. As of March 2018, the company was the leading cinema operator in the UK by box office market share (based on acquirements), boosting of 99 cinemas and over 1,017 screens, including Ireland’s single largest multiplex by screens and customer base. Cineworld Glasgow Renfrew Street is the tallest cinema in the world that welcomes numerous customers every day throughout the world which makes it the busiest in terms of operation in the UK. The Cineworld with the greatest number of screens which has 20, is located at Valley Centertainment in Sheffield,

In terms of history, Cineworld PLC has started well with a solid foundation which makes it grow every day. The first Cineworld theatre was officially launched in Stevenage, Hertfordshire in July 1996. That same year in December 1996,  A second theatre was established and opened for business in Wakefield, West Yorkshire. Two years later, Shropshire was established. In 2004, Cineworld was acquired and secured by the Blackstone private equity group for £120m. The following year, Cineworld acquired the UK and Ireland operations of French cinema company UGC.

In the process of expanding its business for better coverage, Cineworld acquired the Picturehouse Cinema chain in December 2012, adding 21 cinemas to its portfolio, including The Little Theatre in Bath, Brighton’s Duke of York’s cinema, the Cameo, Edinburgh, the Phoenix in Oxford and the Ritzy Cinema in Brixton. As of March 2015, the Greidinger family (who owned a controlling 54% stake in Cinema City International) held a controlling bloc dominating the shareholding in the enlarged company.

In the process of allowing customers to enjoy best experiences, in 2015 Picturehouse unveiled their new West End flagship site, ‘Picturehouse Central’, a 1,000 seat, seven-screen cinema on Shaftesbury Avenue near Piccadilly Circus in central London. It was a busy and outstanding year for Cineworld as it acquired six cinemas from Empire Cinemas in August 2016, including the Empire Theatre in London’s West End, and 4 other locations in Basildon, Poole, Bromley, and Hemel Hempstead. The following year, Cineworld continued the feat as it also acquired Empire Newcastle

The success story continued in the following year as Cineworld commenced a business talk that would allow a merger with US theater chain Regal Cinemas. On 5 December, it was officially announced and made known that Cineworld would secure Regal for US$3.6 billion (£2.7 billion), creating the world’s second-largest cinema group. In the long run, It would also permit Cineworld access to the US market, the largest and busiest in the world. The procurement came into realization in 2018. That same year, a record 308 million people attended Cineworld movie theaters, bringing to a drastic 7.2 percent increase in revenue

Cineworld and Eagle Pictures invested in Spyglass Media Group in March 2019. On 16 December 2019, Cineworld announced its projected acquisition of Cineplex Entertainment which is Canada’s largest cinema chain. The deal was approximately US$2.1 billion. Cineworld plans to merge its operations with Regal to bring about cost and revenue coaction. This will make it North America’s largest cinema chain which was previously held by Loews Cineplex Entertainment. The deal was given a green light by shareholders in February 2020. The name Cineplex would proceed for the Canadian operation, according to CEO Moshe (Mooky) Greidinger.

On March 17, 2020, Cineworld and all other cinema companies in the UK temporarily closed their UK theaters due to the ongoing COVID-19 pandemic which has drastically melt down the economy throughout the world. Cineworld announced they planned to reopen all its UK cinemas in July.

Throughout the world, Cineworld PLC is known for satisfying its customers with the best movie experience which comes with several options in which customers can pick the one that suits them. There are seven different ways in which their customers can watch and enjoy a movie: 2D, 3D, 4DX, IMAX, Superscreen, VIP, and ScreenX. Prices are determined according to the format the customer chooses, and not the movie they picked to watch.

As of April 2018, across the European estate, there are 38 4DX screens, 35 IMAX screens, and 12 VIP auditoriums. Out of 45 cinemas in the world that are set up with IMAX with Laser projection systems, two are in the UK, both being owned by Cineworld, located in Leicester Square and Sheffield. In April 2018, IMAX And Cineworld Group came into an agreement to install 55 new IMAX with Laser experience in Cineworld and Regal IMAX locations. This would further improve the experiences of the customers.

Cineworld, after a lot of strategies, continues to develop positively and expand, with an extensive ongoing build and refurbishment program. In 2017, the company launched nine new cinema locations with a total of 109 screens; four of which were situated in the UK and five supplying customers across Europe. 75 screens were scheduled to kick off in 2018 also.  Throughout 2018 the company launched 13 new locations with 108 screens in total, six in the United States, six in the United Kingdom, and one in Romania.

You can sign up for a Cineworld Unlimited card and experience a whole year of cinema. Pay for your card either monthly or in one lump sum and then proceed to Cineworld at any time to see as many films as you want. Getting your Unlimited card can be done in minutes online and you can start using it without any delay.0

Rolls Royce PLC

ALL YOU NEED TO KNOW ABOUT ROLLS ROYCE, THE AEROSPACE COMPANY

Rolls Royce Aerospace is a subsidiary business of the larger Rolls-Royce Holdings PLC. This company is a multinational engineering company based in the Great Britain. This company was founded in 1904 when Henry Royce and Charles Rolls merged their businesses, one which focused on car engineering, and the other focused on selling the products. Today, it designs and distributes several technological systems. This involves power systems for the airline and aviation industries. They are also largely involved in the automobile engineering industry. Today, they are the second-largest manufacturer of aviation engines in the entire world. In addition to this, they also have major stand in the energy sector, and also marine technology.

The aerospace business of Rolls-Royce focuses on commerical and military equipments. This includes gas turbine engines for the military, civil, aircraft and other corporate organizations. Their clientele expands throughout the entire world. Basically, they are known for making engines for private and public jets, regional, and corporate jets engines. They are also known in the United States for making engines for helicopters. Their function in building power systems is evident in their construction and installation of power generation systems.

The aircraft engines from Rolls-Royce have been in existence for over 25 years, and has been known to set records in its creation of each new engine. This innovative behavior has earned the engines more than 145 million of flying hours.

On the other hand, the aerospace defense engineering arm of the organization has more than 16,000 military engines in more than 103 countries. The place of their products in this field cannot be overemphasized, as they create solutions in the sub-category of combat, helicopters design and engine building, trainers technology and so on. All of these solutions are geared towards creating a formidable military for each country they work with. An example is the Rolls-Royce Distributed Generation Systems which has been a partner of the UK Army for more than 20 years.

The most popular technology of the aerospace company is the gas turbine technology. This technology has been used to create a broad range of aero-engine products in the world. The company has more than 50,000 engines currently in use with at least 500 airlines. They also have engines being used in corporate and utility facilities which totals up to 2,400. The company also powers fixed- and rotary-wing aircraft for more than 100 armed forces around the world.

Another subsidiary arm, the Rolls-Royce Marine Power Operations is the one responsible for the manufacturing and testing of nuclear reactors which are used in the Royal Naval Submarines.

A list of their aerospace engines include:

  1. The Olympus 593
  2. The Conway
  3. Pegasus
  4. A350’s Trent XWB
  5. Rolls-Royce Liftsystem
  6. EJ200
  7. RB199
  8. Adour

The Trent in 2019 was the company’s biggest engine, and it enforced the manufacture of 510 powerplants, where the installation of 5,029 engines happened.

Rolls-Royce prides itself on the use of top-notch technology offered in a clean, safe and highly competitive environment. They are dedicated towards meeting the maximum power needs of planet Earth.

ALL YOU NEED TO KNOW ABOUT LOOKERS GROUP, PLC.

ALL YOU NEED TO KNOW ABOUT LOOKERS GROUP, PLC.

Lookers Group is a multi-franchise dealer group, who is responsible for the representation of 32 volume premium and volume automobile manufacturers in the United Kingdom and Ireland. This means the group is a car dealership group, who work with several car manufacturers to help sell their brands.

Founded in 1908 by John Looker, the Lookers Group was first located in Manchester where it primarily involved itself with the sale of bicycle and its parts, and accessories. The company also occasionally sold used cars. Before the first world war, Lookers Group thrived on solely dealing with Ford products, and it was successful to an extent. In 1910, the company came to an agreement with a certain garage owner in Manchester, in Hardman Street. This merge will go on to form the Lookers Limited. In 1911, the new merge built a new garage in the same street. John Looker hoped to use this space to accomodate the growing business that the Fords were generating.

In 1918, Lookers Ltd was selected as a distributor of Austin motors, and this aided the growth of the company in Cheshire and Lancanshire. The company also bought more garages to accomodate their growing business partners. The deal with Austin Motors became so profitable for both parties that the slang “Lookers is Austin” was on the lips of everyone.

However, John Looker retired in 1929. The business continued to become even more successful until 1939, the year the second World War started. Due to several understandable factors, the business began to crumble. But of course, after the war in 1945, the company began healing, and had its first major acquisition in the 1960s. After this, the group moved to Yorkshire.

More than 12 years later in 1973, the company moved its headquarters to Chester Road, from Hardman Street where it had been for many years. After that, the company was listed on the London Stock Exchange. This allowed the company to be able to expand properly.

The Group is now headed by CEO, Mark Raban, and it had a revenue of £3.649 billion in 2015.

Today, the headquarters of the company is located in Altrincham, Greater Manchester, and it is one of the largest motor retailers in the United Kingdom. The group represents a number of vehicle manufacturers, such as Peugeot, Hyundai, Kia, Ford, Vauxhall, and so on. Clients can select from an extensive range of several car types. Also, the group operates as a middleman for used cars, and also offers car repair services in its services centres which are scattered across the UK.

What Lookers Group offer clients is a step-by-step guidance when you want to buy your first or second car. The group also offer upgrade services in case you now have a family, or need another car that fits your current lifestyle. A number of their other services include accident repair facilities, aftersales provisions, and vehicle servicing.

Lookers Group prides itself on its staff of dedicated professionals, with several years of experience in their chosen fields. All of these have been put in place to ensure you purchase the most ideal car.

Read more about Lookers Plc

ALL YOU NEED TO KNOW ABOUT MARSTON’S

In 1834, Marston was founded. It started as a brewery at Horningblow Brewery in England. The founding father is John Marston, a brewer who had gained a reputation for himself in the 1800’s. After a merger with John Thompson and Son Limited in 1898, Marston’s moved to Albion Brewery where its utilization of the Burton Union System became famous. This marked the beginning of the brewery’s reputation for a distinct system of fermentation, and an ale with a fruity, dry taste.

The brewery became even more iconic in the early 20th century after becoming Marston, Thompson and Evershed. This was due to the merger that occured between the three breweries. After this, the company went ahead to buy more pub companies scattered across England.

Launching a series of new alcoholic drinks, the most widely accepted is the Pedigree which was introduced in 1952. Today, it is one of the best selling ales in England, recording more than 40 million pints every year.

However, in 1999, Marton’s Brewery was purchased for £292 million by brewing giants, Wolverhampton & Dudly Breweries. After several deliberations, the new owners decided to change the name of the company to Marston’s PLC in 2007. In 2010, the brewing company was the largest in the entire Great Britain.

Today, the brewing arm of Marston’s PLC operate in five major breweries across England. It includes Jennings in Cumbria, Park Brewery in Wolverhampton, Ringwood Brewery, Wychwood Brewery in Oxfordshire and Bank’s in West Midlands. Popular examples of Marston’s brewed beers include Resolution and Old Empire.

One other thing Marston’s is notable for is the running of pubs in several locations in England. The company now has more than 2,100 pubs, with more than 14,000 staffs working for the brewing company. In their several years of existence, the firm has strived to achieve excellence, and this is why they are still the only brewery in the whole country that uses the Burton Union System. This is based on a fermentation in oak barrels through the use of a fermenting apparatus. Also, there are three breweries in the Great Britain that uses its own cooper, and Marston’s is one of them.

Marston’s is also the leading pub business in the England, and one of the leading brewers of bottled beers, ale, and premium cask. 

Due to the improved distribution of Marston’s products and growth of its pubs, it has become one of the FTSE 250 LISTED company. The company has also created local pubs which are perfect for every sort of occasion from family hangouts to town centre bars, to family pub restaurants, and get-togethers. The pubs are used to encourage relaxation, reflections, celebrations, socialization, or if all you need is a cold beer or a great meal to round up your day.

It is no doubt that the company, Marston’s has grown to be one of the most loved in the whole of Great Britain. Their quest for quality and finesse is of course the reason why.

Read more about Marsdens

NATIONAL EXPRESS

NATIONAL EXPRESS

National Express, which was founded in 1972 is a coach operator that provides services through the whole of Great Britain. Importantly, they carry out their movements  between cities and regions. Their services are largely rented out to local coach companies in Great Britain. The company’s headquarter can be located in Birmingham. Their hubs include Birmingham, London, Manchester, Gatwick Airport, Southampton and Leeds.

In line with the Transport Act 1968, the National Bus Company was created to own shares for many state-owned local bus companies. Several of the bus companies were similarly into operating coach services but were branded as National from the onset. The National Express brand had her first operation in 1974 even though, the coach services continued to be operated by individual companies.

The National Express network connects more than 540 locations, not to mention of 59 of the UK mainland’s 64 cities with 1,800 plus services operating every day, increasing to over 1,900 on Fridays. Over 1,000 airport services a day run direct to the terminal for all major UK airports.

National Express, as part of her features, offers several routes to landing places across the country. What’s more? Shuttle and airport services are also operated. Many National Express coach routes pass through several town centres, which accelerates journey times for longer journeys considerably. A smaller number of shuttle services operate at least once an hour over faster direct routes.

National Express tickets are ready for sale through a range of methods, including on-line and telephone booking, and varied pricing structures. Traditionally, tickets are sold through National Express ticket offices at coach stations, or by third-party agents at bus stations and travel agents. These sell tickets generally at the ‘Standard Fare’ or the ‘Advance Fare’ when booking in advance. A similar ticketing structure applies with the telephone booking service. Since 2013, tickets have also been available for purchase from the Post Office. Other ticket types include ‘Season Tickets’ and ‘Multi-rides’, aimed at frequent travellers, although in many cases FunFares are cheaper; and BritXplorer, which allows foreign tourists unlimited travel for a specified period.

National Express offers several discounts to customers. There is the Young Person Coachcard which is available for people between the ages of 16 to 26 years. This card offers a third off standard and fully flexible fares, in addition, 15% off events services.

There is also the senior Coachcard. National Express introduced a Senior Coachcard after the government threw out the concessionary half-price fares for the over-60s in October 2011. This discount gives a third off standard and fully flexible fares.

Lastly, there is also the Disabled Coachcard. National Express introduced a Disabled Coachcard which is available to adults registered as disabled, this gives a third off standard and fully flexible fares.

National Express and its franchisees uses different vehicle types for operations. The primary coach type on the network is the Caetano Levante. The most recent Levante III was introduced onto the network in July 2018. There are also other vehicles used on the network that includes Plaxton Elite and Caetano Boa Vista.

National Express Coaches now make available, free WiFi on most coaches. Passengers can connect to a digital entertainment service, VUER, and watch hours of films and TV for free.

Read more about National Express Group PLC

REASONS TO RESEARCH YOUR COMPETITORS AND SUPPLIERS

INTRODUCTION:

Continuous research and assessment are an important factor in the longevity of your business. Market research is one of the most crucial building blocks of any new as well as grown-up businesses. It includes the assessment of the strengths and weaknesses of the competition. Market research allows you to make changes and swiftly promote your business without compromising your actual position in the market. It is a vital step before moving into a new business or planning to uplift an existing one, as it saves your money from failed projects.

As nowadays, the outbreak of the COVID-19 pandemic has occurred globally, many of the companies are facing serious financial difficulties. The main reasons include precautionary shutting down of the markets on an almost global level, as well as the online sale and purchase of goods and services. So, in this condition of financial issues, it is quite good to research your competitors and suppliers so that you may outstand the competition or at least improve your business a bit more than others.

However, governments all over the world have taken initiatives to settle down the competition so that the availability of goods and services, especially food, does not become a global challenge. This study covers some benefits and important reasons to research your competitors and suppliers continuously.

WHO ARE YOUR COMPETITORS?

All businesses have to face competition. Every one where your customer can spend his money instead of you is your competitor. Competition is not just another business offering a substitute, and it may be a similar product that takes your money away from you, making it redundant. Today, with the increased use of internet marketing, you do not only have to compete with your immediate neighbor but also with businesses from other countries.

Types of Competitors

There are three main types of Competitors:

  • Direct
  • Indirect,
  • Alternative competitors.

Direct Competitors:

A direct competitor is another firm that offers the same solutions to meet the needs of your customers as your business does. Direct competitors meet the most visible competitive pressures that most companies endure, even though they are only one.

Indirectly Competitors:

Indirect competition is a battle between dealers whose products or services are not the same but who can still meet the needs of consumers. This term is in stark contrast to direct competition, in which companies are selling products or services that are mostly the same.

Alternative competitors:

An alternative competitor is another company offering a product or service that users can use instead of adding your product or service.

WHO ARE YOUR SUPPLIERS?

A supplier is a business or a person who provides products or services to another person or business. It is like an intermediary between the manufacturer and retailer. The supplier purchases high-quality products at a good price from the manufacture and provides a retailer for resale.

A supplier makes sure that the stock is of sufficient quality, and the communication is forth-coming.

As the markets get saturated with different competitors, companies need to work closely with their suppliers to get the best out of their products.

HOW CAN YOU ASSESS YOUR COMPETITORS?

Market research involves collecting and analyzing information about your competitors and suppliers. There are many ways to assess your competitors. For example, you can get to know your existing competitors through advertising, exhibitions, trade fairs, and many more. To assess your competitors, read about them. Look for ads or articles in the mainstream publications or trade press. Get to know their marketing strategies and their contacts. Ask for a trial in the case of online business competitors.

Researching your competitor is far easier than it may seem. While researching your competitors, keep in mind to collect information about their prices, quality, customer service, and if their marketing material is as engaging as yours. Keep a record and evaluate the information you collected about your competitor and find out the gaps in the market that you can exploit. This also indicates the situation of supplier saturation in your area of the market.

Check for what you can learn from and perform better, what they are doing the same as you, and what they are doing worse than you.

WHY SHOULD YOU RESEARCH ABOUT YOUR COMPETITORS AND SUPPLIERS?

Nowadays, due to COVID-19, many companies are facing financial difficulties, mainly because most of the customers have switched to online shopping where they can browse and give a try to different companies providing the same products or services. In this situation, running your business smoothly and coping up with the competitors is quite difficult. Even you may lose your customers, and your competitors may lead the market.

However, you can achieve success by optimizing your marketing and sales according to your competitor research. Knowing about your competitors and their offers can make your marketing, products, and services stand out. You can use this knowledge to create marketing strategies such as setting up a competitive price and improving your business performance by taking advantage of the weaknesses of your competitor.

If you found something that your competitors are doing better than you, you must update your product, service, or marketing as well as customer service or anything that makes you better than your competitor. You can also opt for changing your suppliers to go for the better ones.

Once you have got the idea, no doubt you can do even better. Once you research your competitors, you get to know their potential to bring about a positive change in the market. Maybe, you have been planning to do so or having a product licensed for a long time before someone else could. 

COVID-19 AND ECONOMIC COMPETITION:

During normal days, the competition is needed to keep the prices at their low. Still, in the present condition, when the COVID-19 crisis has affected the markets all over the world, the collaboration has been preceded. The governments have been balancing the defending competitions with some exemptions to competition rules so that the entire economic sectors can survive.

THE ULTIMATE BENEFITS OF COMPETITOR RESEARCH:

Due to the COVID-19 pandemic, when almost all the businesses are facing difficulties regarding sales and finance, researching and understanding your competitors and suppliers is a very useful tool to enhance your business. While everyone else is striving to drive their business on the best pace, market research, or you can say competitor and supplier research prepares you for the global market changes. This is how you cope up with the global market change, and your business will not be left behind.

While you collect and analyze your competitors’ information, you get to know your potential customers and as well as different ways to please them. Through this knowledge, you can effectively plan and develop a strategy to promote your product, service, or marketing. You can alter the suppliers or a specific component of your business, including suppliers, accordingly.

Doing proper homework for researching the competitors ultimately saves your capital from being wasted in failed projects. Market research where saves your money, it also helps you to bring out the most unique and the most innovative project out of the numerous similar ones.

Especially during the present days of COVID-19 pandemic, when everyone is locked in their homes, you cannot get to know the direct customer reviews. In this situation, researching your competitor helps you optimize your products, services, or marketing while being within budget.

CONCLUSION:

The outbreak of the COVID-19 pandemic has up-ended the markets all over the world. This has led to massive shifts in demand and supply, asymmetry in information and other disconnects in markets, as well as significant uncertainty of the market. All this has changed the dynamics of affected markets and will continue to change in the near future.

These changes are more likely to trigger the market competitors to raise concerns, including fixed prices for the supply of a product, restricted supply, or allocated markets for specific products. Moreover, the deceptive marketing practices, including misleading advertising saying the treatments are effective for the coronavirus, and anti-competitive conduct by the dominant firms will be a threat to other competitors.

To evaluate the competitors and suppliers, you must first know who the competitors are and how do they compete with you. Once understood about the competitors, collect all the information on their product and marketing, including their lowest price, marketing strategies, and quality. This will help you identify your strengths and weaknesses so that you may improve in certain fields, including changing your supplier.

By proper competitor research, you may also get to know if they have launched or planning to launch a new product in the market. The competitor research does not mean to imitate the values of a competitor, but it means to create a room for continuous improvement. During the COVID-19 pandemic, almost all markets are facing difficulties regarding their finance sector. This is because the coronavirus has heavily affected sales and marketing, leading to uncertain changes in the global market. During this period, where many companies have lost their financial stability, and many others will be going to lose theirs, proper competitor research may be beneficial to run your business swiftly.

Covid-19 and the UK economy

Whilst the world has seen many pandemics, the UK like so many other countries around the World has watch from a distance without adequately preparing for the impact that such an outbreak would have here.

Sadly of course the UK has been hit hard, and wasn’t very well prepared, we were slow to test and even today flights are arriving at Heathrow from Italy and the USA and there are no scanners or even basic questions about if travellers are infected or not. So it seems the UK has a lot of lessons that it is finding hard to take on board.

The NHS has done a great job or rather its front line staff have, but again this pandemic shows high lumbering and inefficient the UK health service is. The economy has had to be shut down because of worries that the NHS is unable to cope should infection rates get out of hand.

Hopefully lessons will be learned, but these will be very painful, at the cost of 10,000’s of good companies that would otherwise have grown and developed, but now will be out of business.

The travel and hospitality sectors have been increbible hard hit, and really good people are suffering all as a result, though of course travel requires international locations to also be clear.

Hopefully some positives will come out of this, more people will work from home and cut down the use of public transport, with all its now all too obvious health risks.

Budget 2020

This years budget will be a really interesting one, now the Conservatives have their well deserved majority they can afford to be radical, also the first budget of a new administration is often seen as the time to push through unpopular tax rises, whilst towards election time things need to be less radical and more popularist.

I support Boris and I know his instincts are for big capital spend items, such as the bridget between Scotland and Ireland, I also know he will want to be seen to deliver for the new MP’s he has in the Midlands and North of England.

So what do I expect?

Well big increases in spending on projects for one.

HS2 will most likely go ahead.

Environmental spending, here I am expecting a VAT increase on Fossil fuel, Gas for example is currently 5% that could rise to 20% making it much more attractive to use companies offering renewable sourced electricity instead and taxing that at 5% instead that would put further pressure on the move to renewables.

Levelling up the country has been mentioned a lot, so I think that means soaking Labour London with tax increases to pay for spending in the midlands.

Pension are under threat again, I really hope that is left alone, as we need to be driving up the % of incomes that are invested into the country and for people’s retirement.

If the higher rates of income tax are reduced or the starting point for the 40% then that is different, I really hope that is planned.

Rumours are often circulated intentionally only not to be included in a budget, which then gives a sense of relief which covers over the real intention which is to raise taxes!