The Covid-19 pandemic continued to have a significant impact on 2toTango in 2021. For several months retail outlets in the UK were closed and international business severely disrupted. At the same time there were impactful cost increases in paper, printing and particularly shipping and road transport. These had major implications for the supply chain resulting in long delays and higher costs. The Directors put in place cost-cutting measures where possible and invested in an improved website to compensate for the decline in high street sales. Further investment is ongoing to establish a trade website alongside the consumer focussed one.
There remain many issues with Covid-19: shutdowns in China and port congestion. The Russian-Ukraine war has resulted in severe inflationary pressure. And the ongoing fall-out from Brexit creates uncertainty and problems with European distributors.
Nevertheless, despite these multiple challenges the Directors remain positive and confident about business prospects for 2022 and beyond.