At present, what seemed like an economic pause, is becoming a thorough makeover.Cashless payments might finally be able to eclipse traditional currency.Many families are leaving the cities for the suburbs and rural area, causing a whole shift in the real estate and residential market.Clothiers specialising in attire for offices are sliding into bankruptcy while producers of casual garments are beginning to prosper.
Investors themselves are struggling to distinguish between fleeting and permanent changes.Not all of the changes have solidified, but we cannot deny the dawn of a new normal.
Every cloud has a silver lining.While the pandemic might have decimated many large companies and industries, some unexpected businesses emerged winners.
The “cold chain” is a hot idea.
As Pfizers vaccines are hitting the market, financiers are seeking ways to make profit.One of the popular path runs through the normally overlooked business of medical freezers.
Covid-19 vaccines require storage as cold as the South Pole in the wintering meticulous handling.As countries prepare to distribute millions of these vaccines, the highly specialised operations of companies like PCI Pharma are in heavy demand.
Private equity firms are pouring money into small companies that can store and help transport fragile coronavirus vaccines at required Antarctic temperatures. “There’s not a day that goes by” that a potential investor doesn’t call, Dusty Tenney, the C.E.O. of Stirling Ultracold, told Kate.
“What are you doing this weekend? Want to catch a drive-in movie?”
Designed for the suburbs of 1950s America, the drive-in theatre found a new role in the summer of 2020, as a Covid-safe site for collective entertainment.
Drive-in theatres throughout the U.S. have not only remained open, but have seen spikes in revenue as consumers desperately look for ways to escape their houses while abiding by the rules of social distancing.
Andrew Thomas, for example, owner of the Showboat Drive-In Theatres in Hockley, Texas, saw a 40% increase in sales revenue two weeks ago, and a 95% increase this past week, just by showing the same two movies: Disney and Pixar’s “Onward,” and the Universal Pictures horror film “The Invisible Man.”
Homeowners have much more time to tend to their lawns and gardens.
As more people than ever are stuck at home due to coronavirus fears, homeowners have much more time to tend to their lawns and gardens.The landscaping industry has hence seen a huge surge in business .Clay Tyler, the owner of Mt. Scott Fuel, says the last few days, the phone has been ringing off the hook.”Business is tripled at least,” Tyler said. “It’s been crazy.”
Home Depot’s shares have increased by 4.21%! In addition to that, keyword searches related to home and garden have risen 140% and online businesses related to the industry have had more page visits as well.Landscaping industry booms as more people do yard work during COVID-19 pandemic.
The pandemic has been tough on businesses and societies at large, but has also brought about many unexpected possibilities.Just like unforeseen businesses crept up to success,so will we.We have found smarter ways to achieve the same goals we were chasing three months ago.We have adapted and will continue to do so.The sun will rise and we will try again.#staypositive