Companies that Prospered During the Coronavirus Pandemic

2020 was a challenging year for everyone. Overall, this pandemic has had an overwhelming effect on the economy. Smaller and independent businesses had faced disastrous situations with the pandemic because of the lockdown. As businesses began to open slowly, several are still struggling to adapt to the desired changes. Some restaurants facilitated their customers with delivery services, pavement pick-up, or outdoor eating choices, just to make sure that their businesses are maintained. Some of them even delivered DIY food kits so that the customer can make the food themselves. Many businesses started selling their things online, so that the customers can receive their things right to their door, eliminating the requirement to depart their homes. 

Some were able to face this situation easily than others, however throughout this storm, some firms have been thriving owing to dramatic shifts in client’s behavior and some businesses got new opportunities opened for them in this pandemic. Here are some of them. 

Delivery Services

Yes, cravings got you right there. As many restaurants were closed, individuals had to stay at home. People were tired of having the same food, and they were looking for alternatives. Now, this was the turning point for the companies. It started offering delivery across the respective place. Grub Hub, Door Dash, and Uber eats enhanced their positions in the market, and it gained customers during the pandemic while delivering food across the country. 

Game Manufacturers

People started getting bored while watching the same season and sitting at the same place, so to stay busy and have fun; they started playing board games and video games. The game “Call of Duty: Modern Warfare”, has sold additional copies after its release. Sales increased from $1.52 billion in the first quarter, up 21% compared with last year’s $1.26 billion. 

Virtual Conference Apps

Zoom, a video conferencing tool, became a video conferencing king, which has been the largest brand to stand out. According to CEO Eric Yaun, The Company hosts from 200 million to 300 million meeting participants per day. 

Online Marketing

Online retailers have earned so well throughout the pandemic. Amazon is one of the examples continuing its spectacular performance in past decades. It received an enormous boost from the pandemic as customers couldn’t visit stores to create purchases. 

Supermarkets

As supermarkets are a necessary business, they remained open throughout. It eventually upraised the food market business. This brought their business some additional sales than usual.

Hand Sanitizers 

During this coronavirus outbreak, people were so scared that they started using hand sanitizers after every second. At the start of the pandemic, many of the supermarkets and pharmacies were out of some known branded company’s hand sanitizers.

Entertainment

Amid the pandemic, Netflix and TikTok talks are two companies that prospered a lot. Many content creators came forward and showed their talent on TikTok, which boosted the business that TikTok to become the most downloaded app of the year 2020. Netflix, intercalary nearly sixteen million new subscribers throughout the primary quarter of 2020, and its growth numbers over doubled what the corporate foreseen January.

Telehealth

Telehealth companies allow many people to consult their doctors online. This enhanced their business a lot, especially because of Covid-19 patients, who were quarantined to avoid contracting and exposing medical facilities.