Industries that have had a positive effect of the coronavirus

Coronavirus has completely changed our way of life. Almost all industries are feeling the adverse economic effects as a result of the COVID-19 pandemic. For instance, online gaming has also experienced challenges since players are no longer playing the same way they used to. Companies like Gamstop experience growth as they now play an even more significant role in helping players overcome online casino games addiction. Here are some of the top industries that have had a positive impact during this COVID-19 pandemic.

1. Online gaming

COVID-19 pandemic has lead to lockdowns in various countries and cities. As a result, people have resolved to play online casino games to pass the time. Those working at home have also joined the online casino games as a way of relaxing and having fun. A recent publication by the Guardian shows that a majority of the online gaming service providers have experienced a high number of new clients since coronavirus started. Gamblers are also betting more despite the COVID-19 threat. Except the Gamstop record mentioned above, also the casinos not on Gamstop have reported an increase in manual self-exclusions from UK players.

2. Online and physical retail stores

Online retail stores such as Amazon are still recording more sales and the profits during this coronavirus pandemic. Experts have attributed the increase in sales in retail stores to panic buying. Again, some retail stores have been categorized as essential service providers, and that explains why they're recording massive sales. The majority of the stores across the globe have not shutdown even in cities with total lockdowns. The stores had to be restructured to safeguard the staff, but that has no significant negative effect on the business.

3. Communication industry

Communication is among the essential services around the globe. Everyone needs to communicate either with friends, family, or for business purposes. During this coronavirus pandemic, communication service providers have not faced a negative effect. People are communicating more, now that some have been in lockdown and they can't travel. Internet usage has also gone up due to the virtual meetings that many companies have opted to. Almost every sector has turned to virtual working and the communication industry players are the biggest winners.

4. Health sector

The health industry is now the army leading the war against the COVID-19 pandemic. Governments and individuals are currently redirecting their budgets to healthcare services and products. The demand for healthcare products such as sanitizers has been increasing since the COVID-19 was declared a pandemic. Organizations across the globe have been funding the health sector to cushion the people against the deadly virus. Typically, the health sector has been the biggest economic beneficiary during this coronavirus pandemic. The industry will enjoy the benefits until the pandemic is controlled.

5. Freelance industry

Before the COVID-19 pandemic, many businesses and organizations had not embraced remote working. However, the industry has grown immensely since the virus was declared a global epidemic. Companies have now shifted to remote working. A majority of the employees today are working from home. Some have now shifted to looking for labour or task assistance online. Major freelance service providers are reaping big from this pandemic. Some people like writers are currently working for companies and people they have never met physically.

Will the negatively affected industries recover any time soon?

Some industries have faced the wrath of this pandemic, such as the hospitality and passenger transport sector. Companies that used to reap big from the tourism, travelling, and hospitality sector, are facing their toughest times ever. Some businesses have sent employees on unpaid compulsory leave. However, countries are slowly re-opening the economy, and soon the world could be back to normal business operations. With the pronouncement by the World Health Organization (WHO), the coronavirus is here to stay; it's an indication that various sectors will be back to operations.

In summary, COVID-19 has negatively affected many companies and people either directly or indirectly. Companies have closed down resulting in massive unemployment. However, there are industries that are still reaping big even with the current pandemic. Retail, gaming and health industries are still doing well though the profit margins might have reduced. Different countries are coming up with measures to safeguard the people as they plan to re-open their economies. Hopefully, the world will be back to normal in the near future.