The pandemic did a number on the global economy. Many businesses were forced to either halt their operations, close down, or file for bankruptcy. It has left an indelible mark in economic history, one that’s most likely going to be felt for the next few years to come.
But not all businesses suffered; as a matter of fact, some even flourished. Here’s a few of them.
Cleaning and Disinfection Services
Needless to say, cleaning and disinfection services are among the most commonly used businesses in recent times. Businesses and establishments require regular cleaning and disinfection to adhere to regulatory standards, and as a result, their reliance on disinfection services has increased.
Establishments like restaurants, apartments, and even offices often follow a disinfection schedule that is strictly met. Cleaning services are essential in times like these. And with its comparatively low capital required, more people are looking into starting their own disinfection business.
Delivery and Logistics Businesses
When most of the world halted its activities to prevent the spread of a pandemic, delivery and logistics businesses initially took a hit. But as restrictions have been modified to still allow the delivery of goods, they became major players in both the logistics market and the lives of everyone.
Micro-delivery services with centralized efforts have begun to pop up. Online and software-based businesses that offer delivery are also reporting record highs. In a world where going out is deemed risky, people turn towards delivery services to acquire their needs and even send items potentially necessary for their employment.
Food Delivery and Similar Services
With people stuck at home and unable to go out and buy groceries for themselves, many people have turned to grocery delivery services. At the same time, some people cut the chase and prefer to use dedicated foodservice businesses that offer delivery. The interesting thing is that because of the high demand, many companies specializing in a dine-in experience have begun shifting their focus to a to-go or delivery service instead.
Foodservice companies of all kinds also see an increase in economic activity, especially food prep businesses that offer customized nutraceutical food and other nutrient-dense alternatives. This trend is expected to remain even after the end of quarantine restrictions as many people are finding as a highly convenient alternative to eating out.
Internet use has seen a significant surge, far more than the average growth. This is primarily due to people staying at home more, some even working from home. With internet browsing becoming a focal point of our everyday experience, an extra layer of security and anonymity is beginning to show its importance. Virtual private networks or VPNs offer a sense of anonymity and privacy through a private network, making it a popular purchase for anyone considering increasing their cybersecurity and privacy issues.
Fitness Equipment Manufacturers
Gyms were forced to halt operations, preventing most fitness enthusiasts from getting their exercise fix. This is a considerably bigger situation than you may initially imagine, as a large percentage of the population are avid gym-goers. An interesting effect is that fitness equipment manufacturers are now shifting their efforts into mobile or portable fitness equipment, especially ones that use less space.
Since people stay to exercise inside their home or at the park, the need for modular and easy to set-up equipment becomes apparent. The industry has answered the market demands and, when combined with the next point, is becoming a highly profitable move for the fitness industry.
Online Coaching Services
Virtual coaching services for industries are taking the lead in the learning, training, or education sector. Fitness coaches can train their clients remotely. Language tutors, college professors, and other forms of an instruction-based line of work are now utilizing technology to aid them in their job. The accessibility and low barrier of entry have resulted in more people trying out for classes, enriching a relatively new industry.
Video Conferencing Companies
But of course, video conferencing companies are also profiting significantly since most of the world is using their services. It goes without saying that companies like Zoom, Skype, Slack, and others are enjoying wide use as many businesses rely on them for communication and correspondence. And with the world slowly returning to normal, many companies are wont to keep a remote working arrangement as it has proven to be a cost-efficient working format.
An entrepreneur needs to assess the current needs of the market and adjust accordingly. If you’re looking to get into a new investment, choosing a business out of this list is a relatively safe idea.