Businesses That Flourished During the Pandemic by Dr. Israel Figa
Jun 26, 2021
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Whenever we talk about the pandemic, the only thing that comes to our mind is the demise and downfall that the entire world and global economy faced throughout the year 2020. It is true that the overall impact of the coronavirus pandemic on the global economy and global sectors was negative, yet there were some sectors that ended up thriving upon the situation and the condition that was imposed on the entire world.As a result of the pandemic and the lockdowns, these platforms and businesses outshined the rest and also made the entire world realize exactly what kind of value they held in the economic stability.
Dr. Israel Figa, who is one of the most prominent doctors of the current era is also very much into the global economy and has spent a lot of time observing the global markets and their trends. Apart from his medical expertise and gathering of the information, Dr. Israel Figa has also gathered very interesting information around the businesses that gained a lot of adoption and growth in the past couple of years.
Delivery Services
Although the restaurant businesses faced a lot of downfall and even permanent closures due to the pandemic and the lockdowns, yet the delivery services around the world experienced their businesses shooting through the roofs. Among the rest of the delivery services, the sector that has gained a lot of growth is the food delivery one.
During the pandemic and mass lockdowns all over the world, the people were limited to just their households. Therefore, if they craved to have any food of their liking, they could not visit the places as they were all closed for dining or takeaways. However, the governments had allowed the delivery companies to carry out their services but strictly adhering to the SOPs.
Companies such as Uber Eats, FoodPanda, Talabat, Delivery Hero, DoorDash, Deliveroo, Swiggy, Hungry Panda, and many more from all over the world have reported the same. The delivery services have reported that although they did face a huge loss as compared to the prior years, yet their overall revenue for the fiscal year has seen an enormous uplift. As a result, the companies have managed to gain billions in revenues and profits.
Online Retailing
Similar to restaurants and food courtyards, the shopping malls had also be closed due to the pandemic and mass lockdowns. Although the brands were not able to sell their products through physical shops, they experienced a surge in online sales for their products.
As people could not go out and do shopping, they were forced to do everything from their homes by using laptops or smartphones. Even if it was a soap, clothes, utensils, or appliances, people were and still are shopping them through online marketplaces such as Amazon, eBay, Ali Express, and many more e-commerce platforms. Amazon in particular reported the highest of revenues that it was able to generate in the 2020 fiscal year.
The e-commerce giant even resorted to purchasing its own planes that it was going to use for the delivery of large amount of orders that it was finding hard to deliver through the rented delivery companies.
Workspace Solutions
In order to keep the businesses and operations running throughout the pandemic, companies moved all their employees to work-from-home schedules. At that time, 100% of the employees in the companies were running things from their homes. Although the pandemic and lockdowns have been lifted on a large extent, yet the companies are now planning to keep 20%-30% of their employees permanently on a work-from-home schedule.
However, companies want to ensure that their data and information are always safe and secure. This is why they want to have their employees use the data of the companies through secure technology and service solutions. That is where workspace solutions such as Amazon Web Service (AWS), Microsoft Azure, Google Cloud, Alibaba Cloud, Oracle Cloud, and many more solutions have provided their services.
Almost all companies providing workspace solutions have reported that they experienced a surge in the demand of their services and their business has only grown higher in the year 2020. The companies have stated that their services are now being largely adopted by corporations, industries, and major companies from all over the world.
Supermarkets
Although the pandemic largely had a negative impact on the global economy and people, yet it helped people realize the importance of being independent and being able to do things on their own. The same thing is about cooking and eating. As the restaurants and eateries ended up being closed down due to the lockdowns, people who were used to going out and having food on a regular basis, had to become innovative.
As per Dr. Israel Figa, many people who had never been to the grocery sections of the supermarkets ended up visiting the sections on a regular basis. Instead of ordering food and having it from an outside place, people preferred buying their own groceries and cooking their own food to make sure they were eating healthy and pure.
Ever since the pandemic hit the world, Supermarkets such as Walmart, Tesco, Big W, Progressive, and many more from all over the world have reported a surge with respect to their sales.
Online Streaming
Although the entertainment and theatre industries ended up facing huge losses, the online streaming business and companies ended up making a most out of the pandemic and the lockdowns. As the lockdowns caused by the pandemic limited people to their houses, the main source of entertainment they had were online streaming platforms such as Netflix, Amazon Prime Video, Hulu, HBO Max, Acorn TV, and many more that helped people stay entertained.
These companies continued adding more and more content for their viewers so they never grow tired or bored out of the old content. The largest online streaming platform “Netflix” reported that it managed to cross the 200 million subscribers in the year 2020 and its business is constantly growing to all-time highs. The company has even started expanding its services to the regions that were once considered to be generating low revenues for the company.
Tags: English