The Mobile World Congress, the largest trade show in the mobile and telecom industries, canceled this year’s event in Barcelona later this month because of COVID-19 fears.
There are a lot of ways to think about the cost of the virus-induced cancellation: 100,000 visitors no longer flying into Barcelona, no longer spending half a billion dollars on restaurants and hotels and transportation. Other costs, though, are harder to measure.
Ask mobile industry analyst Avi Greengart, who runs his own company in New Jersey. To him, the cost of a canceled Mobile World Congress is about $3,000 in non-refundable travel expenses. But he said the bigger losses were the insights and the light-bulb moments from back-to-back conversations.
“When you’re meeting with a whole bunch of companies doing the same kind of thing, you can tease out trends that you might not have been able to have gotten from one meeting one week, another meeting two months later,” Greengart said.
For a small business like his, the trade show is an annual chance to connect with device makers or carriers from Brazil, India, Finland or China. It’s also an efficient way to step out of the garage, as it were, said marketing consultant Dorie Clark.
“So often, in the tech field, you are in heads-down mode, and all you can do is what is immediately in front of you,” Clark said. “A conference is the opportunity to take the pulse for new trends. You go into heads-up mode.”
For the big mobile companies that spend millions each year in Barcelona on marketing, cancellation means they’re missing out on discovery, according to analyst Roger Entner at Recon Analytics.
“This discovery process, of finding new ideas for the big companies, is an incalculable loss because they are relying on innovation from small companies to become competitive,” Entner said.
To be sure, the mobile industry is good at conference calls. But Entner pointed out the in-person handshakes that lead to deals won’t happen on Zoom or Skype.
COVID-19 Economy FAQs
New COVID-19 cases and deaths in the U.S. are on the rise. How are Americans reacting?
Johns Hopkins University reports the seven-day average of new cases hit 68,767 on Sunday — a record — eclipsing the previous record hit in late July during the second, summer wave of infection. A funny thing is happening with consumers though: Even as COVID-19 cases rise, Americans don’t appear to be shying away from stepping indoors to shop or eat or exercise. Morning Consult asked consumers how comfortable they feel going out to eat, to the shopping mall or on a vacation. And their willingness has been rising. Surveys find consumers’ attitudes vary by age and income, and by political affiliation, said Chris Jackson, who heads up polling at Ipsos.
How many people are flying? Has traveled picked up?
Flying is starting to recover to levels the airline industry hasn’t seen in months. The Transportation Security Administration announced on Oct. 19 that it’s screened more than 1 million passengers on a single day — its highest number since March 17. The TSA also screened more than 6 million passengers last week, its highest weekly volume since the start of the COVID-19 pandemic. While travel is improving, the TSA announcement comes amid warnings that the U.S. is in the third wave of the coronavirus. There are now more than 8 million cases in the country, with more than 219,000 deaths.
How are Americans feeling about their finances?
Nearly half of all Americans would have trouble paying for an unexpected $250 bill and a third of Americans have less income than before the pandemic, according to the latest results of our Marketplace-Edison Poll. Also, 6 in 10 Americans think that race has at least some impact on an individual’s long-term financial situation, but Black respondents are much more likely to think that race has a big impact on a person’s long-term financial situation than white or Hispanic/Latinx respondents.
Find the rest of the poll results here, which cover how Americans have been faring financially about six months into the pandemic, race and equity within the workplace and some of the key issues Trump and Biden supporters are concerned about.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.