Impact of corona on Business and New opportunities

Impact of corona on Business and

New opportunities 

In his book (The Plague), Albert Camus writes, “Pestilence is so common,
there have been as many plagues in the world as there have been wars,
yet plagues and wars always find people equally unprepared. When war
breaks out people say: ‘It won’t last, it’s too stupid.’”

Impact on business

As we know, the entire world is going to the pandemic situation And also so we
can see the effect on all businesses.

If we go through the share market of different countries we can see that 

All the companies listed there are facing losses. Some of them are trying to make
profit mostly from pharmaceutical companies but they can’t   because everybody
is an Economic issue so the government makes different rules  for every sector
that no one can take advantage of this situation against those who are brutally
suffering from  pandemic.

In olden days due to lack of communication between  peoples many of the
businesses can take advantage of this but now each and  every information is
available to everyone  so if someone tries to do it, they are caught in a moment
or two and this is a positive thing which we can see in today's world.

 we can see lot of multinational and national companies at the stage of shutdown
and if somehow they will survive they have lot of challenges in front because due to this situation there is a change in consumer behaviour which every business have to analyse but at the short notice I don't think they are able to do so and if they do  they will survive.

If we talk about China  many countries are migrating from  there to another
part of the world like India, Korea and others.   

Why so?

The main reason is China  tries to be the new superpower  of the world  so
there is dispute between US and China  from last 1 year approx and to fulfill
this desire, China started violating  many international rules  and also when
the world is suffering from such situation China tries to take advantage of this
and  and restart supplying  defected masks and medicines. 

This is one more reason why all the countries boycotting China now, 

which according to me it is not possible.

New growth opportunities

However, most companies don't watch passively – they adjusted to the situation
like chameleons and expanded their brand, reshuffled their production lines and
catered to new needs. In short, they listened to the market and took a risk or two,
making COVID-19 the key propeller in some sectors for new growth and reviving
dormant capacity in others.

If you take the example of Indian Judiciary system we can see that even in the
judicial system all the work is  done digitally  and being a Indian I never thought
of any such thing is going to happen even in the upcoming 5 or 10 years  but now
it is part of our system.

We can't avoid the fact that many companies are suffering but also the act of
remote working generates lots of data and in the long run we can use this data to
be ready for such situations and also to transform our working environment.

Going sector-wise, we are also seeing opportunities in the below:

1] Entertainment :- 

When the  lockdown was started most of the people Are widely and productive
so how they are utilizing their time of course by watching movies, Netflix shows
and on other such platforms.When the corona virus was at its initial stage 
we have many articles regarding  the entertainment industry making profit 
due to this  lockdown.

And similar to these platforms Many others like gaming industry , online cooking
classes , virtual visits to Landmark .

Even after the lockdown  the people are habitual of such things and as you know
there is no vaccine or any medicine of corona virus virus till now so most of people
  prefer to stay at home And go go with the same what they are doing right now
thus we can say that this industry have still opportunity to make money.

2]Education, sports, and well-being :-

All the Universities and  colleges are completely shut down. In countries like
America  the shutdown is for the entire year and in India till August so all those
companies or websites which are providing online certifications have started  the
marketing of their product  and as per the demand they generate huge revenue.

These online certifications and courses have a further market also because now
people understand the importance of online certifications so in the  long run
people will go for it.

3]Services industry :- 

  

In the service industry We cannot issue changes like contact-less systems
enhanced delivery services, remote banking services, etc. 

These changes will be with us in the long run because after practicing it for such
a long period  Most of the people can't avoid  social distancing. 

4] Electrical appliances – 

    Dishwashers and washing machines, sterilization machines, sweeping robots.

These electrical appliances are very important but in our country most of the
people don't use them but according to the situation now people can't avoid
these. I want to use sanitizing machines, washing machines etc. because all the
people have to maintain themselves clean and hygienic along with social
distancing. 

5] Food –

Fresh groceries and meat, cold storage, high quality foreign food and beverage,
cooking appliances.

 Due to pandemic  most of the people are looking for hygienic foods that they
can prevent from being affected by Corona. so most popular looking for fresh
groceries even in a few cases in India some people  avoid taking groceries from 
the one who is  suspected.

6] Healthcare and health technology – 

Pharmaceuticals, supplements, medical devices, personal protective equipment
(PPE), telemedicine, smart hospitals and online consultations, digital medical
assistants, apps and mini-apps, self-diagnosing medical devices.

Even in the pharmaceutical sector  people prefer digital assistants  rather than
physical one so most of the  pharmaceutical companies take initiative and start
many apps to serve them at each and every stage and this company also started
a Drone based delivery system of medicines to avoid contact with the infected
person.