With the world getting stalked by one of the most severe viruses of all times, Corona, the global business development has temporarily come to a halt. Since its outbreak, the fear and panic around the globe are not only restricted to the people but also to the market which has been highly hampered. There have been severe repercussions on businesses of all levels and the exact amount of loss still remains uncertain. As lockdown gets extended weeks after weeks, there are several sectors of our society that has to bear the expense at a higher cost. However, not all is lost. Surprisingly there are few sectors that have been booming through the crisis, and their sales quotient has shot up exponentially.
Below we have categorized the winners as they have adjusted themselves to jump off to the bright side of the story.
Ecommerce:
As retail chains have been locked, people have deliberately shifted their base to online shopping contributing to the high success of this sector. Even in lockdowns, several giant e-commerce sites like Flipkart, Amazon, and etc continue to serve their customers right at their doorstep. Reportedly Amazon has even circulated one lakh job post in order to ensure hassle-free delivery to meet the increasing demand. As several restaurants and other food joints have tied their establishments to these online-based delivery services, it is becoming more convenient for people to order online.
Learning with a Twist:
With lockdown having its own implications many have switched to online education and as a result, the EdTech companies have found their right time to hold a strong grip on worldwide learning institutions. Several education centers have launched e-learning classes and courses that provide coaching to the students right from their home. As the situation turns grave worldwide, these institutions are surely trending.
Video Calls:
For those availing work from home or those who are locked down away from their loved ones, video calls come as a surviving tool as it readily bridges the gap anytime anywhere. The video conferencing companies have earned a fortune as they facilitate online calls. There has been an incredible growth in some of the apps like Zoom, who are now offering special deals to meet the demand. Other names like Webex and Skype have also reported their increased sales.
Fitness Apps:
We all are well versed with the popularity of gyms and the urge to maintain a certain beauty standard. One sector which has been reporting solid growth is the fitness apps. With gyms being shut, people turn onto these apps to maintain their daily regime. The apps have introduced several new features, fitness programs, fees structure, and even virtual classes through which they are making enough money to sail smoothly even after the lockdown gets over.
Online Media:
As people fall short of things to fight out their boredom, the streaming media like Netflix and Amazon Prime have come to their rescue that would is, in turn, filling their pockets. We crave entertainment and this is what these sites feed us at an affordable price. Moreover, there are several gaming sites that have garnered higher demand as well.
Mask-Makers:
Who would have thought that mask making can turn into high money-making businesses someday? Well, given the current situation those companies who have started manufacturing masks as a way to fight the COVID-19 have prospered immensely. As more and people need masks to protect themselves from the virus, this particular sector is heating up their sales.
Cyber Protection:
Post corona, the use of online-based services has increased majorly and therefore the need for proper cyber security is equally important. Some companies like ImmuniWeb have laid out strong security structures including firms like CyberGuard Technologies who are helping several IT joints to manage their remote work establishments.
Grocery and Medicine Delivery:
As millions are confined to their respective premises unable to step out to buy groceries and other food products, the grocery delivery establishments have flourished in a significant manner. They have shown outstanding sales at this hour of crisis, Moreover, to ensure safe handling of goods; the online delivery services assure contactless delivery to safeguard the health of both their customers and workers. The same goes for medicinal logistics as well.
Cleaning Facilities:
The fear of corona has engulfed everyone which in turn has resulted in the popularity of the cleaning service providers in various offices, homes, restaurants, and other public places. The industry has picked up a gear in recent times as the necessity to keep every commercial building and medical institution clean is increasing.
