Many businesses went bankrupt as a result of the COVID-19 outbreak and lockdown. However, some businesses performed significantly better than in previous years. We’ll take a look at a few of them.
The coronavirus epidemic compelled countries to establish lockdowns in different parts of the world. This was done to stop the virus from spreading because it is exceedingly contagious. People are unable to leave their homes and must remain indoors. As a result, some enterprises that rely on sociability and group activities have had to close their doors. The way people live has changed, and even simple things like grocery shopping and pharmaceutical purchases have changed. Here are five firms that have seen an increase in growth as a result of the lockdown.
Groceries and medicines
Medicines and groceries are considered vital commodities, and sales have increased since the lockdown. When the lockdown was first announced, everyone panicked and stocked up on groceries. When merchants realized that there was always a demand for groceries but that people couldn’t come out freely to buy them, they moved online. There were more orders since the establishments were able to reach out to consumers in different areas and districts who were looking for places that delivered to their door. People began storing up on basic medicines to cure minor ailments since they were scared they wouldn’t be able to go out as much.
Platform for technological communication
When people are being held hostage, the only way they can communicate is through technology. And every time there is a disaster, technology will always come up with fresh remedies. For most organizations to run well and for people to function, communication is essential. If they are confined to their homes, they can still communicate via internet platforms. Video calls became increasingly popular, and services such as Zoom reaped the benefits. Skype and WebEx have both grown in popularity and usage. There will be more platforms created in the future to suit the needs of the world’s enormous population. Meanwhile, on these video chats, people are having virtual meetings and dinners while feeling connected to one another. This is one of the most effective methods to interact with others.
Devices of the future
There was also an increase in demand for devices such as televisions and laptops. This is due to the fact that individuals were stuck indoors with nothing to do but watch TV and access the internet. As more people began working from home, there was an increase in the need for computer peripherals. Just recently, I saw in the news that the sale of sex toys had increased by 65 percent. People are confined to their homes, unable to go, and with limited entertainment options. So, what can they do that appears to be enjoyable — for their own personal pleasure? People are trying new ways and being a little more creative in order to get relief. They can have fun with each other if they have companions. If you are single, though,
Entertainment via the internet
Gone are the days when you would queue up with popcorn at a movie theater to watch a movie on the huge screen. Because social distance is difficult in the current environment, most theaters have been ordered to close. As a result, digital platforms have provided a plethora of entertainment options. Subscriptions to Prime Video and Netflix have increased, allowing consumers to view everything they want online. Movies are also released on these platforms, allowing users to watch them instead of going to the theater.
Logistics and supply chain
Another company has sprung up as a result of people’s inability to step outside. Despite the fact that logistics have been harmed as a result of the suspension of public transportation, supply chain and logistics enterprises involved in delivery have benefited. If you order something online, the delivery channels are working hard to get it to you.
To summarize, some businesses have performed as expected, while others have performed admirably in the current environment. Netflix, Zoom, Sodolls, and Amazon are just a few examples of successful companies.
