3 Strategies the Event Industry Needs for Success in a Post-COVID World

June 24, 2020

The coronavirus pandemic — and the quarantines, venue closures and travel bans that accompanied it — has instantly affected the events industry. It arrived like a natural disaster, altering organizers’ lives and causing everyone to enter emergency mode.

The initial impact was quick: About 16% of event staff underwent a pay cut, and more than 30% of organizers postponed their events and trade shows until 2021. But the decision to hold, cancel or reschedule events was just the beginning of a new reality. Industry professionals are frantically trying to pivot into virtual spaces and offer consumers engaging online experiences.

The long-term effects depend on how we adjust to new expectations. In the future, as lockdowns ease and venues cautiously reopen, organizers will need to shift to virtual and hybrid alternatives. People may not feel safe attending in person, and those who do will need layouts that accommodate social distancing and new hygiene measures. Event professionals must cater to both audiences.

Luckily, our agency has a lot of experience producing virtual events, and we’ve been able to reflect on what we’ve learned. Here are our top strategies for how to excel in and plan for the post-pandemic future:

1. Reframe your event for a virtual arena.

A single computer in a home office isn’t the same as a brightly themed room filled with like-minded people. That’s why we must acknowledge that it’s not about attempting to replicate in-person experiences. Instead, it’s about reinventing experiences on virtual platforms. What can attendees get from your trade show that they won’t be able to get from a free webinar? What else does your virtual event offer? Can you use attendees’ homes and resources to add to the overall experience? Immerse attendees in a new environment and create digital opportunities for both group and one-to-one engagement.

2. Find virtual partners to help.

You don’t have to rely on your own emerging skills to put on an engaging virtual event. Seek out the best partners you can find to help plan an engaging digital event. This might include hiring a producer, director, and tech partner who will help to create the right mix of live and recorded content. Also, you should look for the best speakers for a digital arena. An amazing onstage speaker may not translate well through a computer screen. Take time to evaluate and identify the most engaging presenters.

3. Engage your audience.

Uncertainty can make audiences restless and hesitant, and those emotions are amplified because of current events. Let them know in advance what the experience will look like. At the same time, you’ll have to prepare for the audience. People will remain seated at a live trade show, but you won’t know if your virtual audience is distracted. Add a bespoke element that allows attendees to choose their own paths and make the experience their own. This will help to personalize the event for each attendee so that everyone gets the most out of the experience. Evaluate how to make each moment more meaningful by considering the mindset of your guests and what elements of the experience will resonate the most.

The people attending your event are struggling to make sense of the new world they find themselves in — exactly like you are. Talk to them, not at them, and you’ll find that your audience is still out there, waiting for you to delight and engage them through events.

 

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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.