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The Event Industry Is Changing Again…

I had a nice essay planned for this week’s edition of The Lookout. But as the news unfolded over the past days, I realized I couldn’t ignore the elephant in the room.

I might have seen it coming. Especially while walking through the scene playing out on the streets of Cologne last Thursday, as I made my way to the office. It was that day that, coincidentally, Germany reported over 50,000 new cases of Covid-19. The next day, the Netherlands announced it would go on partial lockdown

Less than three months after things began a safe, and socially distanced restart, it suddenly appeared that much of Europe’s winter event season had been called into question

Government restrictions in different forms are coming into effect. So far, the new restrictions announced have yet to specifically target large events, or demand cancellation. Despite the lockdown in the Netherlands (which was one of the first to return to large fairs and shows), exhibitions have continued there (exempt from the harshest restrictions) and many scheduled in the next weeks plan to go ahead. Elsewhere, some events this week saw smaller numbers, and upcoming events have quickly made changes to their programs to comply with guidelines, and others announce delays

This time, the event industry is better prepared. Confidence comes from new hygiene concepts, government support, advanced technology and satellite locations to mitigate risk. But the industry’s confidence doesn’t mean much if it is not shared by sponsors, exhibitors and participants. Increasingly, exhibitors have begun to pull their attendance at upcoming events, and uncertainty from visitors is already visible. It is their support that the industry relies on. In some cases, this uncertainty has had a knock-on effect, with the first wave of events this week announcing cancellations. Others are following suit.

No one can predict what will happen next as the pandemic endures. But the last year has taught event organizers and producers that we can’t be complacent if we wish to continue to serve our clients and demonstrate our value. We must continue to adapt ahead of the rest when it comes to digitalization, as other industries have increasingly become accustomed to

But most importantly, always, always, ensure there’s an alternative to cancellation. Even if there are insurances in place, there’s no bigger missed opportunity than a cancelled event. 

PS: Why not consider a digital option? We’d love to show you how. Today is your last day to enter the PIRATEx event conception workshop raffle (950€ value)! Submit your name and company for a chance to win *here***! Get your entry in! Good Luck!** 

This week’s event industry news has been developing fast. Here’s what I’ve been catching up on this week:

Covid-19’s latest impacts on the Event Industry:

How to do it:

  • Key learnings from pandemic-era show producers [Exhibition World] What does it take to endure and thrive during the pandemic? In this piece, the Society of Independent Show Organisers shares some insights from their work with UFI on the key areas organizers must focus on as hybrid productions move forward. One key learning? Marketing will be taking a new role– not just in promoting the event, but communicating its safety and appropriate guidelines to ensure attendee confidence. 
  • Loyalty Matters [Event Industry News] How to ensure your events and exhibitions proceed with low risks? Developing key relationships with the right suppliers and partners so you can diversity and pivot fast. Here are some takeaways from industry veterans Exhibit 3Sixty.
  • B2B World Fest 2021 Replay: what now for business events? [The Drum] How should event organizers and clients proceed in an increasingly uncertain event climate? Television quality broadcast production is becoming a must-have for live events, as well as content that can be effectively recycled into marketing products. This may demand new types of hires in your team to enable pivoting to meet the market.
  • Where is everyone? Global Skill Shortage in the Event Industry reaches unprecedented heights! [Linkedin] Jürgen Künkel, founder of Vantage Global Event Production writes about the impact 2020 and 2021 had on trained audiovisual and production professionals. He cites, 30-40% of event experts have left the industry, ensuring a slow recovery for live events and an increased risk for organizers. But, it’s not all negative. Here’s how organizers can begin to level up their teams to make the most of the current situation. 

Don’t Miss it:

Closing thoughts

That’s all for this week’s edition of The Lookout! 

In the meantime, let’s stay connected if we’re not already on Linkedin or follow the PIRATEx team on Twitter. If there’s anything you would like to read about when it comes to online, or digital events, let me know! I’d love to hear your comments and suggestions.

If you know someone who might be interested in reading The Lookout, please share it with them! Read more editions of our newsletter here.

Until next Friday!

The Event Industry Is Changing Again…

The Lookout Newsletter #50

**Written by:
**Felix Josephi
PIRATEx Managing Director