Exhibition News September 2020 | Page 43

Feature Most critical issue with shift in time Inititatives taken by event organisers 26.9% 1. 2. 3. Visitors not willing or able to travel 19.4% Lack of revenues / cash flow issues 14.9% Overlapping calendar of other events 14.6% Availability of venues to re-schedule government and public administration assistance, followed by greater openness to digitalisation and technology and co-operation between events (i.e. working together to create functional calendars for the remainder of the year). More than 40% said they were not expecting a recovery in terms of revenues and number of international visitors to pre-pandemic figures before 8.2% Cyclicality and seasonality of the market 7.5% Availability of some key exhibitors 5.2% Non-recoverable expenses / increase in costs 3.4% Other 2022. Even though almost 50% of respondents think the industry reacted well to this crisis, there is still doubt around just how many events can take place in the second half of 2020; 72% agree that support from the government is crucial in order to overcome the current challenges. Digitalisation, Big Data, and AI will be the top three technologies in terms of 4. 5. 1. Webinars 2. Virtual events Digital Matchmaking 65.2% 45.4% 43.6% 4. E-commerce 5. No new initiatives 22.3% 11.3% impact on the exhibition industry in the coming years, the GRS research found, and the market will benefit organisers who will be successful in providing effective matchmaking solutions and year-round networking opportunities. There is a significant interest towards virtual events, which should benefit participants particularly when it comes to knowing what’s new in the market and participating in seminars and conferences. These are perceived as short-term solutions to overcome the current restrictions, and will possibly be complementary to physical events, but are not expected to represent a threat nor to replace physical tradeshows. The Voice of the Exhibition Industry research was carried out in June 2020, with over 550 respondents from around the world. The full report can be accessed on the Expo Network website. www.outlook.exponetwork.it/ en/results Technologies with bigger impact Digitalisation (i.e. access to content at any time) 77.9% Virtual / Augumented reality 43.6% Internet of Things 39.2% Block-chain 22.1% Artificial intelligence (i.e. improving matchmaking) 56.6% Big Data (i.e. more effective use of available information) 57.7% Other 1.0% September — 43