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The Good, Bad & Ugly: All Industries Affected By COVID-19

May 12, 2020 by Mark Fregnan

IBIS World recently published a May 2020 report outlining the effect of the COVID-19 pandemic on business industries.

We, living in the new 21st century have already seen huge disruption to how we work and live. Unfortunately, the arrival of COVID-19 is forcing even faster change to the business environment. Every business is affected.

Here are some of the highlights from the IBIS World report:

Demand – increase

  • Supermarket products sales increase (who hasn’t seen empty shelves)
  • Cleaning products
  • Medical equipment
  • Medical services
  • Take-away food
  • Work from home products and services (computers, laptops, furniture)
  • Cloud software (e.g. Zoom video conferencing)
  • e-commerce

Demand – decrease

  • Fuel prices (lower demand as people stay home)
  • Car rental
  • Car sales
  • Real estate listings and sales
  • Real estate agent services
  • Settlement (conveyancing) services
  • Mining, lower demand for raw materials

Demand – suffering greatly

  • Airlines
  • All other people travel (coaches, buses, etc)
  • Hotels and accommodation (including Airbnb)
  • Tourism
  • Restaurants
  • Universities – foreign students
  • Cinemas
  • Sports

 

IBIS World report:
https://www.ibisworld.com/industry-insider/coronavirus-insights/coronavirus-update-industry-fast-facts/

Filed Under: Business News Tagged With: advertising, australia, australian, business, sales, strategy, vision

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