Impact of COVID 19 & Brexit on UK Economy

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
IMPACT OF COVID 19 & BREXIT ON UK ECONOMY...........................................................3
ARGOS SWOT ANALYSIS...........................................................................................................4
1. STRENGTHS.......................................................................................................................4
2. WEAKNESSES....................................................................................................................4
3. OPPORTUNITIES...............................................................................................................4
4. THREATS............................................................................................................................4
PESTLE ANALYSIS......................................................................................................................5
1) POLITICAL......................................................................................................................5
2) ECONOMIC.....................................................................................................................5
3) SOCIAL............................................................................................................................5
4) TECHNOLOGICAL.........................................................................................................5
5) LEGAL..............................................................................................................................6
6) ENVIRONMENTAL........................................................................................................6
INTERRELATIONSHIP B/W SWOT & PESTLE ANALYSIS....................................................6
TOWS ANALYSIS.........................................................................................................................7
RECOMMENDATIONS.................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
This report studies about the impact of COVID 19 and BREXIT on the business
organisations operating in United Kingdoms (De Lyon and Dhingra, 2020). Under this, we’ll
also cover environmental factors affecting the businesses. After evaluating these factors, the
detailed swot and pestle analysis of ARGOS retail group will be done comprising the
interrelationship between them. Lastly, some points will be discussed as to how these situations
can be handled and taken a corrective step.
MAIN BODY
IMPACT OF COVID 19 & BREXIT ON UK ECONOMY
The Covid-19 emergency and its financial effect will likewise have significant underlying
consequences for the UK economy and business market as the emergency keeps on accelerating
existing patterns such as the transition to more internet based shopping, while seeing
development in new patterns like work from home.
The idea of both are probably going to prompt a long and extended rebuilding of the UK
economy, the effect of which will be felt for a long time to come.
The impact of COVID 19 & BREXIT on the business economy of UK:
1. As seen in most of the cases that the sectors and regions affected adversely through the
impact of COVID 19 are not totally exposed to the Brexit although it has some
exceptions, yet the two emergencies joined will broadly affect the UK economy than
either would have done in confinement.
2. Manufactures of automobile industry, transport gear, synthetic substances, compound
items and materials, and services for example in communications & finance sector are
the most affected areas to Brexit. The most exposed fields are the hospitality and tourism
sectors, entertainment industries in accordance with the impact of COVID 19. The
major downfall is seen in Automobile sector because of Covid-19 and also it is going to
be majorly affected by Brexit (Heald and Hodges, 2020).
3. The impact of COVID 19 and BREXIT will lead to regional imbalances in many states
of UK such as London, Wales, West Midlands and others.
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After analysing the impact BREXIT and COVID 19 on the businesses, we will illustrate this in
the case of Argos retail industry. Argos is one of the general merchandise subsidiary retail
company situated in United Kingdoms which was acquired by Sainsbury in 2016.
ARGOS SWOT ANALYSIS
1. STRENGTHS
The following are the Strengths in the SWOT Analysis of Argos:
1. Biggest general-merchandise retailer in the UK with more than 800 stores
2. Offers online administrations for shopping
3. Claims celebrated brands including Elizabeth Duke (adornments and watches), Alba, Bush,
Chad Valley, and so forth
4. Enormous working power with in excess of 51,000 representatives
5. Argos connects with 130 million clients and 18 million UK families
2. WEAKNESSES
Here are the shortcomings in the Argos SWOT Analysis:
1. A few discussions like working at Sunday, evaluating in Ireland have somewhat influenced the
brand name (Shtal and et.al., 2018).
2. Incredibly intense cutthroat market area implies restricted share of the overall industry
3. Lesser presence internationally when contrasted with some other supermarket chains.
3. OPPORTUNITIES
Following are the Opportunities in Argos SWOT Analysis:
Around 25% of deals are coming from internet based selling. Thus it can abide further into this
fragment. It also connects markets in the developing economies.
4. THREATS
The dangers in the SWOT Analysis of Argos are as referenced:
1. Global development of other brand would build rivalry
2. Value battle with other corporate store brands
3. Change of Government approaches and guidelines in the retail business
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