Home Depot and the Pandemic
The novel coronavirus (COVID 19) has affected business operations across the globe because of the health and safety risk it poses. As the virus continues to spread and affect many people across the globe, governments have been forced to undertake measures that seek to protect people’s lives and properties. Measures adopted by governments have not only affected people’s normal lives, but also disrupted business operations. Additionally, businesses have been forced to make a series of changes in their operations in order to enhance the health and safety of their customers, workers and associates. Home Depot is an example of a business that has transformed its operations in efforts to adjust to the impact of the global pandemic. This paper explores how Home Depot is adjusting to the pandemic through changes in its operations. The exploration is based on application of relevant management theories and business strategies.
Impact of the Pandemic on Home Depot
As previously indicated, COVID-19 global pandemic has significantly disrupted people’s lives and businesses as it continues to affect many people worldwide. Home Depot is an essential retailer to the communities it serves and is ranked the top U.S. home-improvement retailer. Throughout its operations, the retailer has experienced tremendous success reflected in its profitability over the years. However, the retailer’s operations have been significantly affected by the global pandemic despite its commitment to keep its stores open as it has always done during times of natural disaster and crisis (Home Depot Product Authority, 2020). The organization strives to keep its stores open amidst the pandemic because homeowners and businesses rely on it for various services. While the pandemic continues to affect business operations, the retailer’s customers rely on it for urgent needs/services like electrical and plumbing repairs, hot water heaters, and refrigerators. Additionally, homeowners and businesses rely on Home Depot for harsh weather products like batteries, tarps and propane.
Even though the company recognizes the significance of keeping its stores open for customers, it has been forced to make temporary changes in operations. In this regard, the pandemic has impacted Home Depot by generating temporary changes to operations. The retailer has made these changes in efforts to enhance the health and safety of its customers, workers and business associates....
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