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COVID-19 is a contagious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The disease was first pointed out in 2019 in Wuhan, the capital of China's Hubei province, and has since spread globally, resulting in the 2019–2020 coronavirus pandemic.
The COVID-19 has negatively impacted many businesses, enterprises and industries around the world; the coronavirus pandemic has obliterated more than $20 trillion off the value of global capital markets. The most wealthiest and politically affluent individuals have lost a big sum of money and the world economy is witnessing a recession like never before.
Businesses across numerous enterprises have been compelled to reconcile their techniques in reaction to the social distancing measures put in place to prevent the expansion of COVID-19. Industries such as aviation, tourism and hospitality are among the most severely affected.
However, there are businesses that are prospering during the pandemic as they undergo an increase in demand for their commodities and services.
Let us have a look at the current champions in the business realm.
Pharmaceutical and Medical Industry
There is a great demand of medicines and drugs related to fever, pulmonary disorders, chest congestion and all those infections which can trigger pneumonia.
In addition to it, there is a very high demand of face masks, N-95 masks and surgical gloves; medical devices like ventilators and all necessary small equipment which are required in intensive care units.
This is also tremendous demand of alcohol based santizers and hand wash liquids as well as soaps.
E-Commerce Industry
E-commerce corporations are noticing an immense demand from buyers placing online orders for packed foods and household goods as they eschew overcrowded supermarkets and shops.
Amazon newly confirmed proposals to employ 100,000 additional members at its fulfillment centers and across its delivery web to meet surging demand.
Healthcare MSMEs and Startups
Healthcare technology Startups that propose home diagnostics and telemedicine utility are observing a spike in the number of clients.
A telemedicine system enables patients to have virtual consultations with a doctor remotely.
Delivery Services
With many customers afraid to leave their residences during the coronavirus pandemic, trained delivery services have stepped up to make sure goods can be delivered to households and enterprises.
Many of the top brands for food delivery are ascending because people are spending more time at home and less at restaurants. Taking benefit of this trend, various small businesses that offer food delivery are also seeing heightened demand.
According to Bloomberg, pizza MNCs in particular, are seeing demand shoot up:
Papa John’s said it would be adding 20,000 workers who can conference and potentially even start that same day.
Domino’s said it’s seeking for 1,000 new workers across 100 stores.
Pizza Hut is adding 30,000 vacancies.
Many restaurants and food delivery companies are also adapting to the recent atmosphere.
Grocery Shops
With the common populace exercising “social distancing” and restaurants and fast food outlets have been shut, more families are stocking up on goods and eating at home. This has led to big and small grocers alike to see rise in consumer need.
Video Conferencing Applications
As an extraordinary number of humans work far-off, they are going around video conferencing and other real-time interface mechanisms to stay in touch with colleagues.
Arenas such as Zoom, Houseparty and Skype are encountering a boost in the number of users.