Public & Government Affairs

Pandemic Paradox: How Trade Associations Have Adapted

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Analysis conducted by FTI Consulting has found that while the COVID-19 pandemic has presented its fair share of challenges for trade associations it has also created unexpected opportunities in the sector for leadership and organizational change. Drawing upon interviews with the chief executives of trade associations across industries in the United Kingdom, United States, Continental Europe, and Australia, our analysis found political, economic, and logistical complexity continues to impact the role and operations of trade associations. Trade associations have adapted their business models to meet these challenges, but some organizations have actually enhanced their role and importance during this crisis.

Before the pandemic, the growing popularity of specialized coalitions and the increasing fragmentation of political processes raised questions about the ongoing effectiveness and influence of trade associations. It is often said, however, that one should never waste a crisis and successful trade groups have established themselves – and the members they represent – with greater influence and standing than before.
The pandemic response and experience has been different around the world but we have found common themes that traverse industry and geography. As recovery towards a post-COVID world continues at different speeds across the globe, this paper explores best practice to ensure trade associations consolidate and build on the impact they have been able to create.
The challenges and opportunities that are facing the leadership of trade associations reflect uncertain environment in which they are operating as they contend with new political trends and changes to operations, including membership and funding.

In the coming weeks FTI Consulting will be hosting a webinar on this topic, to express your interest in attending please click here.

 

The views expressed in this article are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.

©2022 FTI Consulting, Inc. All rights reserved. www.fticonsulting.com

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