5 Businesses that picked up growth due to Lockdown in 2020
Due to COVID-19 pandemic and lockdown many businesses went bankrupt. However, there are some businesses that did far better than the previous years. We will look at some of them.
The coronavirus pandemic forced countries to implement lockdowns in various regions. This was done to prevent the spread of the virus which is extremely contagious. People cannot venture out and have to remain indoors. Because of this, certain businesses that depended on socialization and group activities had to shut its doors. The normal way of life has changed and even small tasks like grocery shopping and buying medicines have changed. Here are 5 businesses that have picked up in growth due to the lockdown.
Medicines and grocery
Medicines and grocery qualify as essential commodities and sales have picked up more after the lockdown. Initially, when the lockdown was declared, everyone panicked and stored up on grocery. After that, when businesses saw that there was always a demand for grocery and people were unable to come out freely to buy them, stores went online. There were more orders as the stores were able to reach people from other localities and districts as they were looking up places that delivered to their doorstep. People began stocking up on common medicines to treat small issues as they were afraid that they couldn’t go out that often.
Technology communication platform
When people are under lockdown, the only way they can still come together is through technology. And technology will always come up with new solutions every time there is a catastrophe. Communication is important for most businesses to run and people to function. But if they are locked up in their houses, they can still meet through online platforms. Video calls became popular and platforms like zoom benefitted immensely. Skype, WebEx as well grew in use andpopularity. There are still more platforms coming up, to meet the needs of the large population on earth. Meanwhile, people are having virtual meetings and dinners on these video calls while feeling connected to each other. This is one of the best ways to be social or have an online date so that you don’t feel you are missing out on a social life or feel secluded in any way.
There was a rise in demand for devices like television and computers as well. This is because people were indoors and had nothing much to do except watch TV and surf the net. Many took to working from home, so there was a demand for computer peripherals as well. Just yesterday I saw in the news that there was an increase of 65% in the sale of sex toys. People are indoors, they can’t go out, there is limited entertainment. So, what can they do that looks like it is fun – personal pleasure? People are trying new things, getting a little bit innovative to find release. If they have partners then they can have fun with each other. But if you are single you can get realistic sex doll from sodolls. Moreover, it will be difficult to find someone new when you are single and can’t go out.
Gone are the times when you would queue up at the movie theatre with popcorn and watch movieson the big screen. Social distancing is hard in the current setup, so most theatres have been ordered to close up. So digital platforms have opened up a host of opportunities for entertainment. Prime video and Netflix have seen a spike in subscriptions so users are able to watch whatever they want online. Movie releases are also taking place on such platforms, so they can catch them online instead of at the theatre.
Supply chain and logistics
There is another business that has grown because people can’t venture outside. Despite logistics being affected due to public transportation being stopped, supply chain and logistics businesses related to delivery have benefitted. If you are ordering something online, then the delivery channels are at work to deliver things to you.
To sum it all up, some businesses have done well as expected while some have surprisingly done well in the current climate. Netflix, Zoom, Sodolls and Amazon are some names that can do well.
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