Covid 19 Pandemic Business Winners Economic Analysis Research Paper

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ECONOMICS

Economics: What Businesses Benefited from Pandemic


The demand and supply were transformed entirely by the advent of Covid-19. The outbreak of the virus was not expected by anyone globally, and how it would affect business operations was unanticipated. Some businesses faced problems in dealing with supply chain functions, export orders, storage for raw materials and finished products, and final deliveries. At the same time, some took a new turn for their rising graphic ride due to pandemics (Shafi, Liu & Ren, 2020). This paper aims at providing a list of four businesses that pandemic affected positively and the opportunities the pandemic brought for them, assisting in value creation.

The businesses that have benefited from the pandemic are:


Logistics and Delivery


This business has boomed while people were sitting at homes during the lockdown, whether food delivery or product delivery resulting from online buying. Amazon, Alibaba, E-bay, and thousands of other businesses accelerated their sales and promotions during pandemic times. People were sitting at home due to virus outbreaks and strictly prohibited their governments from stepping out of their homes. It includes food delivery services since vegetables, fruits, and other household items were in high demand due to preventing people from grocery shopping in big malls like Wal-Mart and Target, etc.
The logistics and retail companies are now forced to re-think their supply chain operations as inventory management has to be tackled intelligently during these times. This is limited to road logistics and air and water transport. Although flights were affected adversely during the initial days of the pandemic, however, now due to vaccination and the rate of Covid cases decreasing globally, the airline’s route suspensions have eased. The opportunities that have been re-defined by the pandemic in delivering goods to the final consumers are consumer expectations, health priorities, the number of products ordered online compared to days before the pandemic, and infrastructure re-designing (Suguna et al., 2021).

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Pharmaceutical


The second business that has progressed at leaps and bounds is the pharmaceutical company. Although the medicines…

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…this time. Families spent more time sitting together and having some entertainment time through Netflix with a wide array of movies and shows that the kinfolks could enjoy together. It was one of the most convenient options for eradicating psychological distress and anxiety due to the virus. The number of subscriptions for Netflix increased during the pandemic, contributing to its increase of 60% earning since January 2020 (p. 24). Other platforms that came widely in use during these times are Facebook, Twitter, Skype, etc. that gave individuals a chance to connect with their loved ones and stay updated about their health status during risky times. Facebook and Twitter are a source of entertainment since different fun posts helped people forget their worries about the pandemic, helping Facebook earn skyrocketed profits at the end of the year 2020.
The opportunities that Covid provides social media and entertainment businesses are that of public awareness, contacting customers, helping people to cope with stress despite being at home, contributing to a decrease in mental hardships, generating responses,….....

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