The impact of corona virus is not only physical; it’s psychological as well as ergonomic. We have to learn how to live with it as it is going to stay with us for some time. It is going to take little more time to have that glorious life again. We are staring at behavioral changes in the corporate as well as the startup sector. One can view large scale discontinuities in several industries and a high level of unemployment across the globe.
Due to this pandemic most disturbing aftershocks would be felt within the startup and MSME ecosystems. These sectors are totally dependent on constant flow of capital and investments, which due to the pandemic are on complete pause.
Most of entrepreneurs are juggling with exit strategies and some of them have given up to the menace already. Novel projects and ideas which were to bloom into reality may take ages to substantiate any further. This time is tough but as they say “Only tougher ones will survive”. This Covid is not all about loss, some industries seem to be benefiting from this as well. For some industries it may be a battle for survival but few sectors seem to be making the most of these recent turn of events. This new normal has blessed many industries with their major profits. A whole new market that was untouched before is now up for grabs. Let's take a look at the sectors which are expected to enjoy great perks during this pandemic.
"This Covid is not all about loss, some industries seem to be benefiting from this as well."
1. FINANCIAL SERVICES & NBFCs
One thing that's expected in the upcoming days is a decrease in the economic rate. Most of people would be stranded with less or no cash reserves. Unemployment and health issues are going to make conditions even worse. In such times, the regulated financial service providers and the NBFCs have a fundamental role to play. Unquestionably, unsecured lending would be something that people would run after. People would need funds against collaterals and the stringent conventional banking systems would certainly fall short of policies in such scenarios. From high –class business to medium scale enterprises everyone will need their expert assistance and these financial entities would be the only ray of hope.
2. HEALTH & WELLNESS sector
World is facing health emergency, it’s a great opportunity for the health and wellness sector to make best of this phase. This industry is already on a rise to becoming one with the most growth perspectives in the future and if you are thinking to invest here it can prove to be the best for you. People facing the imminent threat of immunity deficiency paranoia, are looking forward to anything that helps them stay healthy and fit. Adding to which, the various advisories by the authorities across the world are promoting such things, and which is an uncalled for publicity if nothing else. Also, the demand for such things has risen so drastically that the existing entities already have more than their appetite on the plate.
3. ED-TECH
Online education, tutoring, web courses, etc. have come up to be the need of the hour when schools and educational institutions are unable to take offline classes. Irreplaceable, the online education sector is observing a sudden surge and people from all walks of life, from every of the COVID-19 affected nations, are looking up to alternatives of conventional teaching and learning. Even if situation will be back to normal, people will still hesitate to send their child to the school. Investing in this industry is the best option as online learning is new normal now.
4. SAAS & REMOTE-WORKING TOOLS
Saas & Remote Working Tools fall right in the path of success in such times. With the temperamental changes that we are likely to witness, SaaS applications & Remote Working Tools would facilitate the ongoing projects and pave the road map for future endeavors to greater extents.
These applications would serve the founding stones for the majority of business operations in the future and a haven for existing ones. Supporting the need of the hour, while accentuating the current work culture to better productivity, these would help position or in the transition to a better stance for numerous brands across the globe.
5. E-COMMERCE & DELIVERY BASED SERVICES
With national lockdown imposed in various countries, social distancing being practiced as the new normal for upcoming months if not years, and people refraining from gathering up at markets, grocery stores and public places, the E-commerce & Delivery based sectors are booming at large. These offer a safe and distanced way to procure essential and non-essential commodities, which is advised as precautionary measures for COVID-19, the industry is to see a spike in customer-retail operations.
Given the advent of the technological revolution and interface management systems, this industry was already on a growth trajectory. But the recent turn of events just catalyzed the entire game to unprecedented levels. People who refrained from using online ordered utilities; services and commodities are now adapting to procure for their daily needs.
6. OTT PLATFORMS & ONLINE GAMING
Over the top media and online gaming has surfaced above the conventional ways of entertainment. With bans and restrictions on movie theatres, gaming hubs and other recreational-amusement installations, these OTT platforms and the online gaming world had to fill in the gaps.
Soon enough, those who were not accustomed to these would be habitual and the need for heading out to garner some entertainment would be replaced by these. These have proven to be time & cost-efficient, provide a more personalised version of the same experience and one can experience these at the comfort of home.
7. PHARMA, LIFE SCIENCES & LABS/PATHOLOGY
Another major sector that came out to be a winner is the Pharma, life sciences and pathology sector. May it be children, adults or the elderly, in the wake of COVID-19 spread, the majority of the human population would wish to have enough health medication and facilities handy.
Once a vaccine is successfully developed, the shape of our current Pharma industry would change for good. Every single human being would require a dose and to provide for the demand at hand will be on the shoulders of our Pharma industry. These people would be providing for a noble cause, but to make a fortune for them is more than certain.
So, if you are planning to invest and start your own business, these are the sectors you should invest in. For any professional assistance please feel free to contact us.