Exhibition News May 2020 | Page 20

Cover Feature DOUG EMSLIE HUGH JONES for the past eighteen months or so. It’s vital for us that whatever we develop is a natural extension to our existing portfolio and delivers real added value to our customers as opposed to just plugging a gap in a budget. Above and beyond all this though we remain laser-focussed on business continuity; maintaining relationships with our suppliers, bolstering our face-to-face event readiness and staying in touch with our customers; it’s imperative that we retain the loyalty and trust that we have built up. Lisa Hannant, Group MD, Clarion Events It has certainly been a huge challenge for not only Clarion but for the whole of our industry. Whilst we could see there was a threat on the horizon at the beginning of the year, no one could have predicted how rapidly our environment has changed. So, we have had to adapt and do so very quickly, and we have learnt that we are able to be agile, proactive and respond to customer needs in so many different ways. It is very much work in progress and at times a little trial and error, but there have been some fantastic examples throughout the group of digital engagement, which I believe will not only add value now but will form a key part of the way we will operate in future. It’s forced us to challenge our thinking, our relationships and understanding of our customers, and our ways of operating in every way. In many instances we have gone right back to basics, focusing on core principles of what outcomes we are trying to deliver for customers. Our shows offer 20 — May LISA HANNANT business opportunity, inspiration and access to customer networks. That need hasn’t just disappeared, but we have had to reimagine how we deliver that by driving digital content, connections and community interactions whilst supporting the comeback to live events whenever that may be. There is no doubt that things will be different when we get to the other side. Customers will, I believe, be more selective and demand more value. Operationally we will need to be very conscious of new health, safety and behavioural norms. The only certainty is that the events industry, along with every other industry, will emerge from this changed in a number of ways. On a practical level, now that we have seen that the unthinkable can and has happened, this will shape business planning going forward with more attention paid to insurance, government support and joint industry responses. In addition, given the supply chain disruption that has taken place it is to be expected that some may return in a different format, if at all. I also believe we are likely to see some consolidation and increased M&A activity within the events industry itself. I firmly believe that events and tradeshows – be they face-to-face, virtual or a hybrid of both – will be vital in rebuilding order pipelines, winning business and re-establishing relationships. Hugh Jones, CEO, Reed Exhibitions The pace of change has been one of the defining characteristics of this crisis. It’s a great time to experiment. This is a time to be creative. Technology matters. Great technology matters even more. We have the advantage that we can leverage off technological investment made in other areas of RELX which we are encouraged to build upon. We rarely need to build from scratch. Our staff around the world have responded magnificently to working remotely and using technology to remain connected to each other and our customers. Continue to deliver customer value now. Whether that’s ensuring we deliver fantastic events later this year when we are able or whether it’s finding other innovative new ways to deliver value when the event has been postponed. It’s key to support our customers and the industries we serve in a way that works for the situation we find ourselves in today. For every exhibitor that wants an event postponed, there is another begging for a way to be included. The events we produce are material to the commercial outcomes of thousands of SMEs. We also have not slowed our investments with an eye toward the future. We have continued to invest in technologically enabled services that we will unveil when we return to a more traditional model, but new and powerful means of increasing efficiency and ROI for our exhibitors and attendees. Exhibitions is a tough place to be right now – no question, but within that sector Reed Exhibitions is the best place to be in the industry. Our industry and Reed Exhibitions in particular, is uniquely positioned to help reignite the economy. The exhibitions industry is vital to tens of thousands of marketplace transactions. Face to face interactions that occur at an exhibition are incredibly efficient because of the naturally targeted audience and the number of interactions that are possible at an event. To the extent we as an industry can further improve the depth of the relationship between exhibitor and attendee (and exhibitor and