The economic impact of Covid-19 is undeniable, especially when you take a close look at certain industries. The global pandemic was both a blessing and a curse for a number of sectors; some saw a huge influx of sales and others were forced to close their doors with very little notice. Businesses and employees all over the world were greatly affected by the coronavirus pandemic, so it’s important to consider which industries have changed and evolved the most as a result of this. With this in mind, here are seven industries that were impacted by Coronavirus in both positive and negative ways.
Hospitality
One of the hardest hit sectors during the Coronavirus outbreak was the hospitality industry. Restaurants, hotels, wedding venues and small cafes are still dealing with issues from closing for the best two years. Jonathan Sears talks about returning to pre-pandemic levels and explores how labor issues are now hugely affecting restaurants and their managers. Rebuilding a hospitality business from this point will take time, but it’s important to practice patience as the world returns to normal.
Music and Cinema
Cinema sales decreased whilst music sales increased during the pandemic. The arts played a huge role in keeping the world running; people turned to entertainment such as music and television subscriptions when they were unable to attend live events at the theater or cinemas.
Clothing
During the many lockdowns all over the world, people were doing less socializing and staying indoors, which meant there was a dip in clothing and shoe sales. There was arguably no reason to buy new clothes, and the sale of clothing still hasn’t quite returned to its pre-pandemic level.
Chemists
Chemists were constantly trading during the pandemic and their sales were consistent. This was considered an essential shop when all other retailers were forced to close, so it was one of the only options for many people looking for everyday essentials and medicines.
Online Retailers
It’s no secret that global e-commerce thrived during the coronavirus pandemic. As people were unable to leave their homes and purchase non-essential items from shops, the only way to do so was through online platforms.
Beauty Salons
Unfortunately, beauty salons were forced to close their doors on their clients with very little notice. Hairdressers, nail salons and other beauty establishments were unable to provide their services to their clients throughout most of the pandemic and are now slowly returning to normal with heightened safety measures in place.
Camping Providers
Hotels and accommodation were largely closed during the pandemic, so it’s no surprise that camping providers thrived during this time. In an outdoor setting with a relatively low risk, many people saw camping as the ideal opportunity to enjoy a getaway during the peak of the pandemic.
This goes to show the dramatic differences between varying industries and how they were able to manage during the global pandemic. If you are working in one of the sectors mentioned above, you will be aware of how big the impact was on your business and what it takes to rebuild your brand when you have been forced to close unexpectedly.