I think it is safe to say that we all were greatly impacted by Covid-19, but businesses were hit even harder. Covid-19 started affecting us all in March of 2020, and for many, life has seemed to return to normal; we don't need to wear masks everywhere we go, we can get our hair and nails done, and we can even go out to clubs and bars again.
For the hair care industry, there has been a shortage of hair and, with the supply chain disruption worldwide, many hair replacement salons have been either forced out of business, made the difficult decision to retire early, or even be acquired by larger companies like Hair Club.
Hair clinics everywhere are struggling to meet the demand for hair commodities. With delivery delays stretching back for months, salons are wondering what they have to offer. If there's no hair to apply, what else can clients expect from us? The Hair Society discussion panel all agreed this is an awkward situation for our industry. Hair system clients cannot obtain new units as frequently, and we've exhausted all possible alternatives.
At the beginning of 2020, a few salons were seeing increased revenue in comparison to 2019. One hair salon reported, "We were up 25%. And then we were shut down for six weeks.". The pandemic has not only made local impacts, but it also hit us all globally. It is important to remember the repercussions of covid-19 are happening worldwide, not just in our communities. From lockdowns to border closures, the coronavirus has disrupted the system of trade for goods and services in the hair industry around the globe.
Original article source: TMG Ventures, Inc. Friday, May 8, 2020 [...]
If you are a salon owner, technician, vendor or wholesaler, you probably have questions about how the Coronavirus will impact you and the hair industry. A majority of the hair used comes from China and other countries in that region. At the rate the virus is spreading, the concerns are valid and possibly already starting to have the potential for long term impact on this and many other industries.