Cineworld announced this week it is closing it’s doors for the unforeseen future. The final nail in the coffin was the delay once again of the latest James Bond film.
I am old enough to remember when cinemas were hit by the advent of video stores. It was a treat to walk to your local Blockbuster and hire a film for £2 to watch in the comfort of your own home.
However in recent years the cinema industry has boomed. The growth stemming from turning film watching into an experience—the comfy reclining seating to even having pizza and wine brought to you (Everyman cinemas). Not to mention the sound systems and screen definitions. But without the big crowd-pulling movies it is not a sustainable business model. The supply chain had broken down.
Q. How reliant is your business on other parts of your supply chain? What can you do mitigate the dependency?