COMPETITION TIME (Euro 5k prize)
Hi All,
Competition time.. Euro 5,000 to you / your team (or charity of your choice) to the team that can come with some solutions to this challenge...or I can offer a unique experience to meet some of the world’s smartest people over a Zoom drink / coffee. Up to you??
M I’m Kent sectoral challenges There will be significant impacts on those sectors reliant on discretionary consumer spending. This applies to the non-food retail sector, already facing major structural challenges, and to leisure and hospitality. Kent and Medway has a large visitor economy, which relies on the summer season: even if restrictions are lifted in the next couple of months, there will be a severe impact which will not be recovered until 2021 – many months beyond the likely lifting of the Government’s emergency support measures. Although relatively small in absolute employment numbers, Kent has a large and productive agricultural sector, reliant on a seasonal (and to a large extent migrant) workforce. While demand for food is resilient, social distancing measures and reduced migration could impose significant supply shocks on the industry. As a ‘gateway’ between continental Europe and the rest of the UK, the transport and logistics sector is large, with several major distribution operators, as well as the cross-Channel freight industry. Falling freight volumes will put pressureon the industry, but it is nationally vital for imports and exports of food and other essential supplies. Beyond logistics, the local demand-driven transport sector has already faced a collapse in demand. Kent and Medway’s construction sector is large and (given extensive sub-contracting and supply chain links with allied traded) complex. The industry is already vulnerable to cyclical change, and the recovery from downturns can often beprotracted as industry skills are lost. The Kent and Medway economy is strongly linked with that of London: over 100,000 people commute from the county to London to work, and London is a vitally important market for the Kent-based service sector. Question is: How can these sectors be protected? How will the future of these sectors look? What policy changes will help? Can there be a PPP model that is effective?
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