AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • login
No Result
View All Result
AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
No Result
View All Result
Home COVID-19

The Businesses Flourishing Amidst All The Uncertainty!

AsiaTechDaily Writer by AsiaTechDaily Writer
June 12, 2020
in COVID-19
0
COVID-19
0
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

These are unprecedented times. However, not all is lost- there are certain businesses flourishing amidst all the uncertainty.

Coronavirus has created havoc both in terms of human causalities and economic crises worldwide and has bought most businesses to a standstill. Widespread layoffs and furloughs have already increased the unemployment rate in many nations. Even though, as many countries are now opening up, but the businesses and jobs lost may never come back.

COVID-19 pandemic, undoubtedly, is bad for business, but for some companies, it has opened a window of opportunity. The lockdown restrictions have changed people’s spending habits. Here are the businesses that have flourished amidst this looming crisis.

FMCG Shines Amidst This Crisis

The FMCG sector is thriving as demand for many household goods has jumped manifolds over the last couple of months. The widespread panic-buying during the lockdown period has helped the FMCG sector to perform fairly well. The companies producing daily needs like dairy products have seen a sudden gush in demand. There has been heavy stockpiling of not only essential food items, but people have also indulged in items like chocolates, biscuits, cookies, and salty snacks.

Besides that, FMCG companies also make hygiene products like cleaning wipes, sanitizers, and other disinfectants that are high in demand. The top FMCG players are ramping up the production to meet the requirements.

E-Commerce And Online Groceries

With millions of people under lockdown across the globe, the online grocery platforms have seen a sudden surge in demand. For instance, Fresh Hema, a grocery delivery app of Alibaba, has registered 100,000 downloads in a single day in the month of February as compared to an average of 29000 in 2019. Even major e-commerce companies like Amazon are delivering essential goods during the pandemic. For obvious reasons, people are moving to contactless delivery services. It won’t be a surprise if all these companies see an exponential rise in their profits in the coming months.

Pharmaceuticals And Healthcare Businesses

Pharmaceutical companies have taken center stage during this crisis. Companies like Eli Lilly, Pfizer, and Gilead have seen positive growth. This is a big business opportunity for pharmaceutical companies as the world needs its products at this time. From testing kits, PPE to vaccines to other essential medicines, the demand has seen a rise. 

Video Conferencing

With most of the population working from home, video conferencing apps have benefitted. Even educational institutions are using these apps to conduct classes. Zoom, a video conferencing startup, has profited during the coronavirus outbreak. The share price and company’s sales are already up by 50% this year. Besides that, Teams and Skype from Microsoft and WebEx from Cisco have also seen major upticks on sales. Most of these platforms are offering special deals to corporates for their conferencing services during the COVID-19 outbreak.

Entertainment And Social Media Platforms

With people staying at home most of the time, there has been a surge in online content consumption and internet usage. Entertainment platforms like Amazon Prime Video, Disney+, and Netflix all have reported an increase in viewership. Even online gaming platforms are witnessing record volumes. 

As people are advised to follow social distancing, social networking apps such as Facebook, Skype, and Instagram are experiencing increased usage as it allows people to keep in touch across the globe.

EdTech Companies Businesses

During the pandemic, almost everyone has turned to online education, and the EdTech companies have found an opportunity as the world moves to remote teaching. Many EdTech companies have launched new e-learning courses while developing tools to analyze the performance of the students and help educators to track their progress.  

To conclude, these businesses have found themselves favorably on the right side of history. By applying a basic level of competence, and the changing consumer behavior patterns will help these businesses to flourish further.

What's your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: COVID-19 pandemicE-Commerce And Online Groceriesflourishing businessesFMCGPharmaceuticals And Healthcare

Related Posts

COVID
COVID-19

What Pandemic? Amidst The COVID Scare, India Heads Back To Work

October 26, 2020
supply chain
COVID-19

US vs. China – Who Would Control The Global Supply Chain In A Post-Pandemic World?

September 15, 2020
COVID-19
COVID-19

Layoffs – The New Normal In A Pandemic Stricken World!

June 12, 2020
Reliance
COVID-19

Reliance Jio – On A Fundraising Spree Amidst The Pandemic Crisis

June 5, 2020
COVID-19
COVID-19

How Has The COVID-19 Pandemic Made The Need For Automated And Sustainable Transport More Clear Than Ever Before?

June 3, 2020
Bankruptcy
COVID-19

Companies Filing For Bankruptcy Amidst The Coronavirus Pandemic!

May 30, 2020
0 0 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

FREE NEWSLETTER

No Result
View All Result

TRENDING POSTS

  • Art Shaikh, Founder and CEO of CircleIt- A Virtual Time Capsule Right At Your Fingertips!

     8,079 total views

  • How Max Chizhov, Co-Founder And CEO Of iFarm Raised $4M To Build An Indoor Farming Solution Provider In Today’s Urban Environment?

     4,718 total views

  • Vietnamese e-commerce startup Lozi secures new round of financing led by Vulpes Investment Management

     4,143 total views

  • How Mathijs Eefting, Co-Founder And CEO Of Moteefe Raised $25M To Build An E-Commerce Platform Providing Infrastructure, Customization, And Global Fulfillment For 5000+ Retailers?

     3,741 total views

  • Andrew Luong, CEO and Co-Founder of Doorvest- Own High-Yield Rental Homes Entirely Online!

     3,314 total views

  • Egor Melnikov, Founder And CEO OF ARNA Genomics – On A Mission To Save Lives From Cancer By Developing Innovative Fluid Biopsy Technologies

     3,496 total views

  • How David Eberle, Co-Founder And CEO At Typewise Raised $1M To Build A Next Generation Smartphone Keyboard?

     3,193 total views

  • How Yoyo Chang, Co-Founder, CEO and President at KodyPay Raised $2.3M To Revolutionise Payment Experiences?

     3,058 total views

  • Indian Startup Ecosystem – Exclusive Year End Analysis – 2020 – All You Need To Know!

     3,008 total views

  • Sean O’Sullivan, Founder And Managing Partner Of SOSV – A Global Venture Capital Firm With 1000+ Portfolio Companies And $800M+ Assets Under Management

     3,231 total views

COUNTRIES

  •  Australia
  •  Austria
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Philippines
  •  Poland
  •  Qatar
  •  Russia
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United Kingdom
  •  United States
  •  Vietnam

More from our network


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

wpDiscuz
3
0
Would love your thoughts, please comment.x
()
x
| Reply