COVID-19 disrupted global industry on a scale unparalleled in modern history. However, while reaping havoc on numerous industrial sectors, in others, the pandemic undeniably created unexpected opportunities.
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Who Were the Winners and Losers of the Pandemic in the Business World?
1. W H O W E R E T H E W I N N E R S A N D L O S E R S
OF THE PANDEMIC IN
THE BUSINESS WORLD?
2. The COVID-19 pandemic triggered
a major downturn in the global
economy, with the International
Monetary Fund estimating that
the world economy contracted
sharply during the ‘Great
Lockdown’, falling by at least
3% in 2020. The pandemic led
to business closures, driving up
unemployment, with 22 million
US workers losing their jobs
in just the first month of the
COVID-19 emergency. However,
while some industries saw their
sales plummet, others hastily
maximised an unanticipated
upturn in prospects.
M A R K L Y T T L E T O N
2
WHO WERE THE WINNERS AND
LOSERS OF THE PANDEMIC IN
THE BUSINESS WORLD?
COVID-19 disrupted global industry
on a scale unparalleled in modern
history. However, while reaping
havoc on numerous industrial sectors,
in others, the pandemic undeniably
created unexpected opportunities.
3. 3
M A R K L Y T T L E T O N
COVID-19 triggered a huge shift in the global business landscape, with
sectors like energy, hospitality and tourism upended overnight. However,
in other industries – notably healthcare, pharmaceuticals and technology
– profits skyrocketed during the pandemic.
According to statistics published by GlobalData, the world’s biggest winner
during the pandemic was Amazon. With lockdowns and stay-at-home
orders in place in countries all over the world, many shoppers ventured
online for the first time. Other companies that profited throughout the
pandemic included those operating in the financial services, technology
and communications, pharmaceutical and healthcare, and transport and
logistics industries.
According to
statistics published
by GlobalData, the
world’s biggest winner
during the pandemic
was Amazon. With
lockdowns and stay-at-
home orders in place in
countries all over the
world, many shoppers
ventured online for the
first time.
4. You can learn more about market
shifts in the wake of the pandemic by
visiting the blog of Mark Lyttleton.