Invoice Bazaar Blog

Which business sectors are benefitting from Covid-19 pandemic?

By Invoice Bazaar | September 9, 2020

If we study or analyze the overall impact of the ongoing coronavirus pandemic on industries and business sectors across the globe, we can broadly divide them into three different categories, namely (1) The Winners, (2) The Losers, and (3) The Unaffected. Here, let us elaborate on the winner segment and understand how exactly they are benefitting from the pandemic.

Most of the online retailers and E-Commerce marketplaces like Amazon and other such E-retail companies have been registering a major surge in order volumes and a significant boom in their business since the onset of the ongoing pandemic. This is happening because more and more people are now switching over to online shopping for the purchase of essential goods, groceries and various other items.

Moreover, healthcare start-ups and pharmaceutical companies are witnessing a massive increase in the sale of their products and services due to higher demand for face masks, protective clothing, medical supplies, disinfectants, sanitizers, testing kits, nutrition, fitness tracking gadgets & apps, wellness products as well as treatment drugs, injections and vaccines.

Lately, most business organizations have been encouraging their employees to work from home or other remote locations. Because of this new trend, companies offering videoconferencing apps and teleservices as well as video streaming software and programs such as Slack, Zoom, Teams, Skype and Webex, among others have immensely benefitted as they see higher demand and record surging sales.

Home entertainment services and online gaming platforms including StarzPlay, Netflix, Disney+, Eros Now, Counter-Strike, God Of War, FIFA 18 and Amazon Prime Video are also witnessing an accelerating demand, increased viewership and noteworthy uptick in sales. Such virtual technologies, which keep the masses entertained, are becoming more popular as people are directed by the civic authorities and government entities to practice social distancing, isolation and self-quarantine measures.

Furthermore, social media apps such as WhatsApp, Facebook, LinkedIn, Twitter, YouTube and Instagram are also seeing a considerable rise in popularity as more and more people across the globe depend on them to keep in touch with each other during the lockdown.