There is no doubt that the coronavirus pandemic is not just a period where the economy slows down. It is much more. It is a period of change.
Some businesses that will boom in 2021 are:
Logistics and Parcel Delivery
The Valuate’s Report projects the logistics market to reach 12.2 trillion dollars by 2022. Logistics and parcel delivery is a big industry. The business model is delivering goods and receiving a fee for the items delivered. Carrier businesses highly rely on economies of scale. So, if 100 items are delivered to the same area, the income to expenditure ratio is much better than if there was just one delivery.
Clients might be a business that needs those goods to operate or regular citizens that buy products online. It is a niche that will boom despite the pandemic. It will grow even faster. It will happen because more and more people are purchasing things online over buying them via traditional channels such as stores and malls.
Before the pandemic, not a lot of people trusted online shopping. But during the pandemic, most people only had two options:
- Go out and possibly risk getting infected
- Stay at home and trust the online shopping
Since most people chose the second option, they discovered the convenience of online shopping. And thus, have not gone back to traditional shopping.
It is a trend that is growing all over the world because more and more businesses are closing down traditional brick and mortar retail stores. Instead, companies are choosing to focus on servicing their clients via the net. The fact that you can buy almost anything you want and have it delivered to your doorstep with a bunch of clicks is astonishing. And that is the inevitable future.
In 2002, Chinese customers who were stuck at home started turning to the Internet to order items due to lock down. Alibaba benefited from the Internet becoming increasingly necessary for doing business during the SARS outbreak, as businesses and consumers were driven online to buy and sell goods.
Due to self-isolation, people who usually visit physical stores are increasingly shopping online. You will see faster progress towards online retails in 2021. You can expect this trend to continue going forward in 2021.
Lock down can be one of the ways to reduce the spread of the virus. But a considerable consequence due to lock down is a shortage of food and a hike in price. Covid-19 is disrupting The agricultural activities around the world are facing problems due to the coronavirus. So, it will create more opportunities in the Agriculture sector to produce food to feed the surviving population in 2021.
Stock Market Investing
Typically, market crashes when people, out of fear of losing money, start selling off their assets, and cutting back on their spending. Stock price goes ridiculously down. It is usually the best time for smart investing. You can buy stocks at low prices and ride through the market recovery. But some companies may go bankrupt. So, be sure to thoroughly research the stocks to invest in and seek expert advice.
Online Collaboration Tools
Schools, universities, and learning and development professionals are obliged to shift rapidly from in-person to online learning due to the Covid-19 pandemic. The global lock down has focused people in large numbers to embrace the digital form of connection. Thus, there is a huge growth in online collaboration tools over the last few months. As companies rapidly, or in some cases, permanently, move towards remote working, the market for digital collaboration tools such as Microsoft Teams, Google Hangouts, and Zoom is likely to grow quickly. To add to that, we are already seeing increasing demand for digital media and entertainment, including social media, gaming, news, video streaming, and books, as people seek to relieve boredom and fill the time previously taken up with traveling and socializing face-to-face.