Analytical investigation into the changes in business models caused by COVID-19’s eating restrictions and the effects of the pandemic upon the restaurant industry.
Restaurants were opened during the outbreak, which led to operational and strategic changes in business.
Restaurants must adopt an e-commerce strategy and drop shipping strategy to promote sustainability.
The disruption of the global supply chains caused significant concern for franchisors.
d. E-commerce successfully managed economic volatility and legal complexity that resulted from Covid-19 restrictions.
a. According to Yoost et. al. 2017, the epidemic threatened financial viability of eateries.
b. It is now possible to order food online from restaurants.
C. Drop-shipping technology was explored by several organizations to address supply chain disruptions at a global scale.
d. Businesses have a social obligation to protect the safety of their clients (Lakshmi & Shareena, 2020).
3. Thesis statement: This research will examine the impact of COVID-19 restrictions on dining and pandemic concerns on business models. It will also discuss the benefits of corporate social responsibility and how companies can operate in ways that benefit society as well as the environment.
a. The adoption of e-commerce
i. Covid-19 was developed, and the company had to become dependent on virtual transactions for its survival.
Innovative and technologically-aware restaurants used B2B & B2C ecommerce business strategies to draw online customers and improve turnover.
Take-out delivery and ordering online are two options available to clients who have a health concern.
22 to 29 percent of indoor-eating consumers think it poses a risk to their health, which has prompted businesses to offer e-commerce services in order to protect their customers (Brizek and al., 2002).
V. Outside eating and requirements for masks have substantial cost implications for restaurants (Wei et. al., 2002).
b. Drop-Shipping and the restaurant value chain model
I. Covid-19 can have an effect on supply chain operations for the majority of businesses, especially those dependent on foreign supply chains.
ii. The interruption of company operations compelled certain institutions to adopt a drop shipping business strategy in order to improve value chain effectiveness (Sizov & Khmelnitskaya, 2021).
iii. Drop-shipping is a business model that allows restaurants to reduce environmental disruption and improve their supply chain efficiency.