COVID-19 Industry Impact Analysis from Market Research Firms

A slew of new and revised reports assessing the impact of COVID-19 on a wide range of businesses, from food and beverage to health care and beyond, have been released by market research companies. Forecasts, professional analysis, and significant market data that can't be found anywhere else are all included in these reports.

Sectors that have survived Covid 19 pandemic

Many diverse sectors of the global economy have been adversely affected by the COVID-19 pandemic and associated lockdown measures, although a few have seen increased demand. Supermarkets around the world have become focal points of demand as the hospitality sector effectively shuts down. 

Pharmaceutical and medical device firms are racing to satisfy demand for COVID-19 diagnostic tools, medicines, and treatments, both independently and in collaboration with the public sector. New entrants from other industries are increasing competition, and tech giants are speeding up their long-term healthcare plans.

For businesses in lockdown, remote working has become vital, and for many, the change has revealed a significant weakness in their IT infrastructure. Unified Communication and Collaboration (UC&C) service providers have stepped in to help large-scale remote working, and a slew of marketing efforts have sprung up as the industry diversifies.

Post-pandemic Global Healthcare Market Outlook

Leading healthcare companies are taking risk-mitigation steps and reprioritizing chances to recover from the pandemic and restore shareholder trust amid the uncertainties. While the short-term demand for testing, personal protective equipment, and ventilators persists, healthcare firms must comprehend what the new normal implies for consumers and develop a contingency plan to avoid a future healthcare crisis.

Delays in medication releases due to disrupted clinical trials will pave the door for entirely virtual trials, and hybridization of patient recruiting, retention, and monitoring will become widespread.

The foundation for the new normal is being laid by a tenfold rise in virtual consultations by healthcare professionals. To re-calibrate care delivery, reimbursement, physician training, and platform scalability will be essential.

World After COVID-19 Series: E-Commerce

As a result of social distancing regulations, COVID-19 has boosted demand for online purchases throughout the globe. Changes in behaviors and consumer requirements will force MNCs to reconsider how e-commerce fits into their entire route-to-market strategy, as we anticipate the coronavirus to be a staple of the global economy until 2021.

Many businesses are already investing heavily to accelerate their move to e-commerce, but it's critical that they carefully evaluate the mix of online sales channels they're developing and match it with their long-term goals, not simply their immediate requirements.

How can technology help to prevent the spread of infectious diseases that may cause panic and kill millions of people?

The ideal solution may be for businesses, communities, and national governments to collaborate to build a huge global network of virus-detection sensors. However, this would necessitate global planning and implementation, which would put a strain on democracy's foundations and force governments to prioritize the needs of the planet over the needs of their citizens. Often, the most logical answer is the hardest to put into practice. The amount of preparation necessary to make this idea a reality would undoubtedly qualify as one of humanity's most significant achievements.

What the future looks like?

Fatpos Global predicts that COVID-19 will make an enormous impact on the global economy, bringing about long-term changes and delivering important lessons. The pandemic crisis has accelerated the speed of digital change, with e-commerce expanding and telemedicine, videoconferencing, online teaching, and fintech usage increasing. Shortages and bottlenecks are a problem for companies with global supply networks. Many of these firms are expected to restore part of their manufacturing. Unfortunately, because the majority of manufacturing is expected to be automated, this trend might not produce many employments. Governments will be bigger after serving as insurers and last-resort investors during the crisis. The public debt will rise, posing financial difficulties across the world.