A Comprehensive Literature Review on Marketing Strategies Adopting by Various Industries in the Global within the Pandemic Period

Abstract

Marketing is one of the most important roles in all sectors. Selecting the most effective marketing plan either propels the firm to success or determines its collapse. The marketing strategy that the firm implements will decide the integrated strategy to reaching its intended audience. This study mainly focused on comprehensive literature on different marketing strategies adoptions by different industries in Sri Lanka and the global context with the COVID-19 pandemic and the economic crisis situation. By analyzing the literature, this study mainly focused on four main industries in the world that used different marketing strategies in the COVID-19 pandemic period. According to that, apparel industry, FMCG industry, SMEs industry and the tourism industry has used different marketing strategies to overcome from the crisis. Specially in apparel industry, they focused on visualization in buying and the consumer ethnocentrism as their main marketing strategies. With the COVID-19 pandemic situation many industries have focused their attention on the virtual marketing strategies as there was a limitation of social distance. Hence, this comprehensive literature analysis will assist to identified different marketing strategies used by different industries in the global context.

Keywords: Marketing strategies, COVID-19 Impact, Visualization in buying, Consumer Ethnocentrism