P Panic grips the world and markets tumble as the novel Coronavirus (COVID-19) cases grow all over the planet. As the entire world is fighting against the Coronavirus and trying to find a cure, many people are suffering economically. But there are some businesses that have an opportunity to thrive and grow during the negative economic growth. Here are some of them:
Pharmaceuticals
Be it respirator masks or hand sanitizers, that’s the first place people will go to. Hand sanitizer is an effective way to disinfect, be it during commute or work, or even if you have shaken hands with people, it is always best to sanitize your hands since we have been asked to avoid touching our eyes, nose, and mouth. This is one industry that will survive whatever the times, good or bad. This industry will certainly strive during and after the COVID-19 outbreak.
Convenience Stores / Grocery Stores
During epidemics such as COVID-19, people tend to shop more and eat out less. Cooking ones’ own food is a good way to take precautions and avoid crowded places. But, Convenience Stores and Grocery Stores are the places people run to when they are in need of fruits and vegetables, fresh meat, baby food, health products, disinfectant items, and household cleaning.
Auto Repair and Maintenance
At such times, people are less likely to purchase a new car. They will prefer to repair their old cars. People will gladly pay for the repairs in order to avoid a monthly payment on car loans.
Computer Systems Design and Services
As companies adopt new technologies, the demand for new computer systems has increased. This involves building new software and hardware. And when people start working from home, they will need all the computer services they can get.
Online Education
If work can be done from home, people will also turn towards the Internet when it comes to education. An online language school or online training center will have a lot of demand when schools close down due to the epidemic.
There are some firms insisting their staff wash their hands every 30 minutes and some people use an egg timer to remind their staff to wash hands. Yes, the panic is real. And our team does believe in all precautionary methods, we still believe in providing you with the best.
Now that you are looking into starting your own business and how there are businesses that do thrive during an epidemic, Address Gateway will help you with providing all the tools necessary to kickstart your new business.
You can trust us with your ideas, we will help you make them a reality!
