Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
Future of Logistics Real Estate - Singapore, Asia & Australia | Colliers x Pe...Colliers Singapore
Colliers Singapore's Head of Research Tricia Song and Perpetual Limited's Glen Dogan discuss current growth drivers of the Logistics sector in Singapore, Asia and Australia, and share the next best steps for industrial occupiers, landlords and investors.
#ColliersSG #ColliersExpertise
Case solution of Amazon Goes Global - Ivey Case 2015. The presentation was developed by Kushagra Harshavardhan of Indian Institute of Forest Management, Bhopal. Logos and Trademarks belong to the respective brand owners.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
Project Report on Comparative Study Philips LED With Other Competitive BrandsKapil Shelke
MBA Summer Internship Project Report, project title is Comparative Study Philips LED With Other Competitive Brands. the research was conducted in PE Electronics Ltd. Aurangabad.
This project was done as a part of the National Level Case Study Competition "Marico Over the Wall". It was also the winning presentation from the campus round held at IMT-Ghaziabad. The objectives were:
- Formulate a long term and short term growth strategy for Saffola Masala Oats
- Create a differentiation for the brand from competition
- Find ways to tap into the snacking opportunity that looked untapped
- Make the campaigns scalable and cost efficient
- Address potential threat of the newly launched Maggi Oats Noodles
Post Covid19 lockdown One can Invest in these Emerging business.Utkarsh Mishra
Over here we will discuss the list of industries in which a company can invest and work upon to do some damage control took place because of COVID-19 situation not only in India but also in other countries. Also on other hand if we talk about these industries are one of emerging industries in the upcoming market.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docxwlynn1
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Future of Logistics Real Estate - Singapore, Asia & Australia | Colliers x Pe...Colliers Singapore
Colliers Singapore's Head of Research Tricia Song and Perpetual Limited's Glen Dogan discuss current growth drivers of the Logistics sector in Singapore, Asia and Australia, and share the next best steps for industrial occupiers, landlords and investors.
#ColliersSG #ColliersExpertise
Case solution of Amazon Goes Global - Ivey Case 2015. The presentation was developed by Kushagra Harshavardhan of Indian Institute of Forest Management, Bhopal. Logos and Trademarks belong to the respective brand owners.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
Project Report on Comparative Study Philips LED With Other Competitive BrandsKapil Shelke
MBA Summer Internship Project Report, project title is Comparative Study Philips LED With Other Competitive Brands. the research was conducted in PE Electronics Ltd. Aurangabad.
This project was done as a part of the National Level Case Study Competition "Marico Over the Wall". It was also the winning presentation from the campus round held at IMT-Ghaziabad. The objectives were:
- Formulate a long term and short term growth strategy for Saffola Masala Oats
- Create a differentiation for the brand from competition
- Find ways to tap into the snacking opportunity that looked untapped
- Make the campaigns scalable and cost efficient
- Address potential threat of the newly launched Maggi Oats Noodles
Post Covid19 lockdown One can Invest in these Emerging business.Utkarsh Mishra
Over here we will discuss the list of industries in which a company can invest and work upon to do some damage control took place because of COVID-19 situation not only in India but also in other countries. Also on other hand if we talk about these industries are one of emerging industries in the upcoming market.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docxwlynn1
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Impact of corona virus on local businessesJacob Adley
In the whole world, there are 3.8 million infectious people’s results are positive in approximately 187 countries. All these countries have announced the deaths of 269,000 people. New cases are still emerging in front of the world to date. All these deaths are caused by this new emerging disease that has shaken the whole world order, in which.........
Para se preparar para as mudanças de comportamento do consumidor e as novas restrições sanitárias que devem surgir no pós-pandemia, os players do mercado de aviação têm trabalhado com múltiplos cenários e avaliam que a retomada deve começar no contexto doméstico. Confira o material preparado pelos nossos sócios na apresentação do webinar "Os possíveis cenários da indústria de aviação".
Export nations need to ensure that supply chains remain as intact as possible. This means that when and where credit insurers are withdrawing from covering international trade during this crisis, the government exceptionally steps in. Otherwise there is a risk a collapse of finely woven supply chains.”
COVID-19- IMPACT ON THE MANUFACTURING & INDUSTRIAL SECTORSManish Parsuramka
Welsh Consultants examines- As we work through our new normal amidst this global pandemic, we have been forced to reconsider how we operate our businesses and daily lives. Any changes have ripple effects across our communities and local-economies.Change is needed to survive, and so we adapt. Crisis is the ultimate disruptor, change facilitator, and accelerant. Companies that were perhaps reluctant to embrace changes are now obligated to prepare and deliver new services. Innovations become abundant and creativity thrives. Areas like AI, Automation, IoT, and PropTech are areas we can’t ignore as we also explore a pandemic response strategy. The first question is: “Will the crisis prompt manufacturing companies to carry out a top- to-bottom review of their global supply chains with an eye towards reducing risks?” This paper examines the issue in detail.
Covid-19 Following Up On The Immediate Economic Responseaakash malhotra
With india going under a complete lockdown for over a month now, industries and government needs to brace themselves in order to fight against the consequences of covid-19. Right from protecting jobs to supporting different sectors to minimise the impact, there are a lot of preparatory measures that are already under process.
Commencis Covid-19 Playbook for Financial Services Aslı Yerci Eren
Download link for full report: https://lnkd.in/gp6xqYg
The novel coronavirus, COVID-19 has turned into a global crisis, evolving at an unprecedented speed and scale. As governments take immediate actions to cope with the outbreak, businesses are rapidly adapting to the changing needs of people, consumers and suppliers while also trying to overcome the financial and operational challenges.
As the pandemic continues, more and more industries are feeling the strain. The financial industry is certainly one of them. Whilst, the current situation is challenging for the industry, we believe that if well-handled it can also bring opportunities for innovation and long-term customer loyalty. The crisis has already revealed us that, now, more than ever, the industry must invest in digital and key critical capabilities to thrive in a post-COVID-19 world.
COVID-19 Playbook for Financial Services includes the implications of COVID-19 on financial industry, and recommendations on how banks can enhance their capabilities to survive during these rough times.
Main topics covered in this playbook are as below:
1 The impact of COVID-19 - Global Overview
2 How Banks Should Face the Crisis: COVID-19 Playbook
3 How to Invest in Digital Capabilities: Digital Roadmap
Asian insurance, pensions, and wealth management undergo rapid change, what a...Varun Mittal
What are the key trends changing the insurance, pensions, and wealth management industries in Asia?
And how can companies best capture growth?
These topics were among those discussed at the recent Singapore FinTech Festival (SFF). Since its
inception in 2016, SFF has become the premier platform for the global fintech community to engage,
connect, and collaborate on issues relating to the confluence of financial services, public policy, and
technology. SFF attracted 62,000 participants from over 115 countries—the largest SFF gathering ever.
It featured 850 speakers, 570 exhibitors, including 25 country pavilions, and over 4,000 meeting
through the business matching platform.
With inflation persisting and growth slowing, many fintech firms are trying to remain viable. With that
background, three key themes emerged at SFF that hold opportunities for insurance companies in Asia.
First, we discussed how risks for the current generation have changed, creating new paths of growth
as technology spreads across all sectors and functions in the insurance industry. The changing
behavior of consumers triggers new opportunities by demanding unconventional ways of redefining
customer relationships.
Second, a widening pension gap caused by an aging population, the rise of self-employment, and the
gig economy offers opportunities. We foresee that people caught in this gap could succumb to further
risks raised by rising inflation, longer lifespans, and the rising cost of healthcare. Further, we discussed
micro-pensions and micro-investments and how they would take off in the coming years.
Third, Asia’s financial wealth stands at $180.6 trillion as of 2021, or roughly 40% of global wealth, and
we expect continued growth. This causes more customers to get serious about financial planning. We
also discussed approaches to reaching Generation Y and Z customers who require an omnichannel
experience to maintain high engagement.
We also had pragmatic discussions around artificial intelligence (AI) and embedded insurance. AI is still
nascent, with regulators constantly figuring out how AI and machine learning play a role in insurance.
Embedded insurance, meanwhile, needs to work seamlessly in the customer journey.
This report covers the three main megatrends to watch in the landscape of Asia’s life and health insurance,
as well as the key imperatives insurers should take to capture the significant opportunities in the market.
This is the seventh of our reports on billionaire wealth, continuing our investigation into this historic era of wealth generation. Our research universe covers more than 2,000 billionaires from 43 markets in the Americas, EMEA and APAC, looking back over more than two decades.
Impact of COVID-19 on Industry and opportunities 2020 25Subodh Pandey
Indeed, for the first time in world history, this unprecedented situation COVID 19 has been threading to Humanity across the border. there is a glance of affected Industry and the opportunities awaiting for all of us.
Covid 19 Market Impact Paradigms April 2020Niraj Singhvi
At the cusp of possibly the most significant market drawdown and economic shock we've seen since the financial crisis, MGP looks at market impact paradigms to assess basal market impact of such events. And while current private equity war chests are well equipped to help alleviate pressures enabled by some rationalization of deal multiples in the wake of current turbulence, it also faces a major risk if these events lead to genuine economic deterioration.
Fellow Programme in Market Research (FPMR) offered by Market Research Universe. Mirdul Amin Sarkar
Become a Pro Market Researcher, and Get Hired by Top Market Research & Consulting Players or join us as an Independent Market Researcher
To Know more about the FPMR, please visit @ https://www.marketresearchuniverse.com/fellow-program-in-market-research
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State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analy...Mirdul Amin Sarkar
Electric Vehicle(EV) is the sexiest transportation system of the 21st century. In India, Electric Vehicles (EVs) are the new talk of town not only because it helps to reduce emissions, but also they give the owner a status in society, that of one conscious of the environment, a green crusader of sorts
Global Electric Vehicle (EV) Charging Station Market by Product Type (AC EV charging station, & DC EV charging station), by AC EV Charging Station (Level 1 & Level 2), by DC EV Charging Station (CHAdeMO, Combiner charging station & Others), by Installation Type (Residential, & Commercial), by Supplier Type ( Private charging Station & OE charging station) by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Size and Forecast, 2018-2025
Will Demand for Power Slowdown in India? -In-depth Analysis by Mirdul AminMirdul Amin Sarkar
The Demand for Power will not slowdown in India due to increasing penetration of per capita electric consumption, increasing industrialization, growing middle class and consumer base in India.
It is expected that the Demand for electricity will increase at a CAGR of 7% to 1,894.7 TWh over FY07–22 in India.
Outpatient Surgery Centers Market in India l In-depth Analysis l By Mirdul AminMirdul Amin Sarkar
The Outpatient surgery; which also known as ambulatory surgery, day case, or day surgery, is a kind of surgery procedure which require the patient to stay in the hospital/healthcare institution for less than 24 hours. The outpatient surgery does not require an overnight hospital stay
The term “outpatient” arises from the fact that surgery patients may go home and do not need an overnight hospital bed. The purpose of outpatient surgery is to keep hospital costs down, as well as saving the patient time that would otherwise be wasted in the hospital
Outpatient surgery has grown in popularity due to the rise in outpatient surgery centers and improved technology
With shorter medical procedure duration and fewer complications it makes sense to let patients go home sooner. About 55% of all surgical procedures are done on an outpatient basis
The outpatient surgery allows the patient to return home on the same day after a surgical procedure is performed, could be a novel platform for the Indian healthcare industry to grow
In coming years, the healthcare industry would have a number of players in the sector
The outpatient surgery platform/centers increase the accessibility and affordability of surgery to the common patient and the sector has huge potential in India
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
1. Performance of sequential execution based vs OpenMP based vector multiply.
2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECOVERY l By Mirdul Amin Sarkar l Market Research Universe
1. About Us
CORONAVIRUS (COVID-19)
IMPACT ON VARIOUS
INDUSTRIES
&
POTENTIAL PATHS OF
RECOVERY
-----------------------------------
Research Article- Authored by
Mirdul Amin Sarkar (Research Manager)
Tamilarasi T (Research Analyst)
Copyright @ Market Research Universe
www.marketresearchuniverse.com
2. 2
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
About Us
Market Research Universe is a free knowledge sharing & consultation portal for market research industry
and it's customer base. Our mission is to making the market research industry function better and helping
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At Market Research Universe, we are committed to making the market research industry function better
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That’s a promise from our side!
3. 3
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in
the modern times. The pandemic has disrupted global supply chains and international trade. More than
100 countries are closing their national borders and the movement of people has come to a screeching
halt. The pause in the movement of people is greatly affecting the world economy, as people are staying
indoors and major industrial productions has come to a grounding halt. According to an analysis by the
UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due
to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also
added that the global economy could contract even further if restrictions on economic activities are
extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are
booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with
strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of
workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries,
Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The
corona virus scare has created a huge awareness on hand washing and there is a growing consumers’
inclination towards disinfectants and sanitary products. While some industries are growing with new
opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are
completely out of business due to social distancing and travel restrictions. Almost 100 countries over the
world have closed their borders and airports have been shut-down for passengers. The airline
companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing
sectors are also being closed and the productions are paused due to workers being quarantined in their
homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices.
Banking and financial institution will be having hard time in collecting their dues and will be
renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby
affecting its earnings.
4. 4
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Positively and Negatively Affected Industries by Coronavirus (COVID-19)
Positively Impacted Industries Negatively Impacted Industries
Digital Products (IT) Travel & Tourism
Health care Aviation
Insurance Hospitality
E-commerce Live Sports
Retail (Essential retailers) Oil and Gas
Gig Economy Real Estate
Stock Market Investing Mining
Online Coaching and Training Utilities
Mental Health Automotive
Alternate Energy (Renewable Energy) Agriculture
Alternate Medicine Film Industry
Gaming Logistics
Affiliate Marketing Restaurants
Data Sciences Luxury Products
Events & Conferences
Source: Market Research Universe, MCG Analysis
Coronavirus (COVID-19) Impact Index by Industry
High Medium Low
Aviation
Travel & Tourism
Oil and Gas
Metal and Mining
Transportation
Infrastructure
Universities & Colleges
Manufacturing
Restaurants & Bars
Real Estate
Automotive
Live Sports
Technology
Financial Institutions
Structured Finance
Public Finance
Health Care
Telecoms
Utilities
Media & Entertainment
Chemicals
Insurance
Capital goods
Sovereign
Source: Market Research Universe, MCG Analysis
5. 5
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
POTENTIAL RECOVERY PATHS FROM COVID-19 PANDEMIC
The COVID-19 pandemic and the global economic crisis could recover in the potential paths such as U, V or L
shaped curve. The V shaped curve represents the return of the GDP to the earlier pre-crisis level after a dip in
the growth rate. The U-shaped path is when the actual growth rate falls and recovers to the pre-crisis level, but
the GDP remains below the previous trend. The L-shaped path is when the growth rate declines and remains
below the earlier level for a prolonged period. The GDP falls substantially below the pre-crisis trend and stays
there.
Three Potential Paths to Recovery from Coronavirus (COVID-19)
80
85
90
95
100
105
110
115
120
2019 2020 2021 2022
U- shaped
V- shaped
L-shaped
Source: Market Research Universe, MCG Analysis
60% Probability
15% Probability
3 Potential Paths to Recovery from Coronavirus (COVID-19)
25% Probability
GDP (2019=100)
6. 6
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
What the economy is facing now is completely
different from what happened in 2008 recession.
The problem in 2008 was a banking crisis as there
was too much bad debt but what the economy
facing now in 2020 is severe disruption in economic
activity as we are stalling operations of everything
from manufacturing to services. Though it is unlikely
the present recession to go into depression as the
economic inactivity is likely to persist only for a short
time and may resume after the corona virus is
contained and are in controllable levels. How long
the economic inactivity persists, and other indicators
like distress in credit market, inflation rate and
bankruptcies will determine the recovery of the
global economy.
According to Market Research Universe, the
potential path to recovery is expected to be u-
shaped curve with 60% probability. As the economy
is experiencing both demand and supply shock, the
growth rate is expected to recover slowly post the
pandemic period. The growth rate will recover
alongside with the demand as the relaxation on
lockdown measures is likely to create demand.
When lockdown is relaxed, people will start working
on their unfinished business. For example, scheduled
business meetings, planned vacation trips and social
events are more likely to resume after the crisis. But
these will not happen quickly after the lockdown are
lifted as businesses need time to regenerate
sufficient cash flows and revenue to go ahead in
making important decisions. Therefore, the growth
potential is expected to remain lower than the pre-
crisis level as there will be significant business
failures, unemployment and losses during the
pandemic. The return to earlier growth trend poses
challenges as the operations of business are
expected to drastically change in the coming years.
Many companies may go bankrupt and the
management’s operations will be distracted by
focusing on securing employment. New business
expansion plans will be postponed. Time to rebuild
the credit facilities, re-establishing client or
consumer relationships and rehiring employees after
layoffs is expected to delay the growth pace.
Moreover, even if the lockdowns are lifted social
distancing, limits on travelling is likely to continue. It
is unlikely that almost all restaurants, hotels can
operate at half capacity. For instance, South Korea is
a great example in observing the recovery path, as
the country still imposing restrictions in social
gatherings and schools being postponed. These
restrictions are therefore likely to slow down the
growth rate from recovering.
7. 7
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
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&
8. 8
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
IMPACT OF CORONA VIRUS (COVID-19) ON VARIOUS INDUSTRIES
Healthcare: COVID-19 Impact on Health Care Industry
The health Care industry is experiencing surge in demand for medical supplies due to the pandemic. The
demand for essential medical supplies like Masks, protective clothing, hand sanitizers, ventilators are expected
to grow enormously. As major countries have expanded their production capacity, the market for medical
supplies is expected to grow. According to MARGMA, the demand for medical gloves is expected to jump from
298 billion pieces in 2019 to 345 billion pieces in 2020.
Testing kits for COVID-19 is on huge demand after
the virus started to spread rapidly across the world.
According to Market Research Universe, COVID-19
Testing Kits market is expected to grow with a rapid
pace over the forecast period. Medical device
producers have expanded their production levels of
corona virus kit to meet the increasing demand. The
market for Hydroxychloroquine is also expected to
expand significantly in the coming years as the drug
is believed to cure Corona Virus. As per the study,
the Hydroxychloroquine is expected to grow over
30% in the next few years.
The telehealth service segment is expected to
benefit from the ongoing pandemic as hospitals are
treating corona virus affected patients as their
priority. Other sick patients may switch to telehealth
service as they will avoid going to hospitals during
the lockdown.
Various governments across the world are
encouraging healthcare apps to aid the general
public in assessing their risk during the pandemic. In
India, the government with the public private
partnership built an app called AarogyaSetu which
will help public in identifying the risk of getting
affected by the Corona Virus.
298
345
270
280
290
300
310
320
330
340
350
2019 2020e
Global Demand for Rubber Gloves (in Bn units)
Source: MARGMA, Market Research Universe, MCG Analysis
9. 9
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
According to the market study by Market Research
Universe, investments in orphan drugs are expected
to grow due to the pandemic. Global orphan drugs
market is expected to grow during the next few
years. The present healthcare crisis is expected to
change the investment trend in healthcare
particularly in R&D activities in communicable
diseases. Moreover, in the light of present health
crisis, the World Medical Association has stressed
the importance of producing medical supplies in the
home country as the global market is dependent on
limited manufacturers.
Therefore the overall health care industry is expected to grow at a CAGR of 16% in the coming years as the
present health crisis due to pandemic is expected to restructure the health care sector.
Finance and Insurance
Financial institutions are majorly impacted by the fall
in demand for loans as consumers spending rate is
slumped drastically. Credit card issuers are expected
to have lower transaction volumes due to reduced
consumer spending. Moreover, interest rate cuts in
major central banks are expected to disrupt the
revenue growth of the financial institutions.
Companies involving in investment banking will see
reduced initial public underwriting due to market
volatility and therefore their revenues will take toll.
Many firms have postponed their plans of going
public due to market volatility makes deals difficult
to price.
However, open end mutual funds, exchange traded
funds, fixed income assets have become attractive
to investors in this time of crisis. Many financial
asset investors have moved their large part of their
funds into fixed income assets, exchange traded
funds and other safe havens like gold, US treasury
and US dollars.
8450 9126
10586,16
12279,95
0
2000
4000
6000
8000
10000
12000
14000
2018 2019 2020e 2021e
Global Health Care Industry Forecast (in USD billion)
Source: Market Research Universe, MCG Analysis
10. 10
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Gold Price Trends
Source: Market Research Universe, MCG Analysis
Gold prices have been increasing in last three months as investors started diversifying their stock heavy
portfolio. According to World Gold Council, global gold-backed ETFs added 298 tones in the first quarter of
2020 which is said to be the largest tonnage additions since 2016.
Source: Market Research Universe, MCG Analysis
1350
1400
1450
1500
1550
1600
1650
1700
1750
Gold price (USD per 100 oz gold)
Gold price
3228,6
3584,57
3907,19
4258,83
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2019 2020e 2021e 2022e
Global Health Insurance Market Forecast (in USD Billion)
11. 11
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
In Insurance sector, Health Insurance market is said to grow at a CAGR of 9% in the coming years. People are
increasingly inquiring about health policies in the light of the pandemic. Many insured people are reaching out
to insurers to inquire about whether their policy covers COVID-19. According to PolicyBazaar, customer
inquiries on their health policies rose nearly 30-40% compared to pre-pandemic.
Information and Technology
The impact of Corona virus in Information and
Technology sector is minimal. Adoption of
technology has become significant in this time of
crisis. Business integrated with digital technology
has better chance of survival. For instance,
restaurants with online delivery service are faring
well during the lockdown. As people are restricted to
gather in large numbers, ordering food online has
increased. Moreover, people are getting used to
buying groceries online. Major online food delivery
companies like Ubereats, Zomato and Swiggy are
delivering groceries during the COVID-19 crisis.
According to Ubereats, the company’s sales went up
about 350% compared with pre-pandemic levels.
The e-commerce companies are expanding their
reach to towns and cities in delivering essential
items and groceries as consumption trends are
shifting more towards online. According to the
analysis of Market Research Universe, the
percentage of online grocery shopping grew from
12% in August 2019 to 33% in March 2020.
Source: Market Research Universe, MCG Analysis
As lockdown is being imposed in many countries to contain the spread of the virus, remote working is
becoming more common among businesses. Many firms which were reluctant to implement work from home
are vigorously implementing these policies due to the lockdown. Work from home has positively impacted the
Information and Technology sector as companies are increasingly adopting cloud based softwares.
12%
33%
0%
5%
10%
15%
20%
25%
30%
35%
2019 August 2020 March
Percentage of online grocery shopping in US
12. 12
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Source: Market Research Universe, MCG Analysis
The demand for the cloud based softwares such as Microsoft Teams, Google’s GSuite , Skype for Business are
increasing. The revenue flows for the IT companies are expected to grow around 18% in the medium term due
to increasing adoption of cloud based software.
The techno giants Apple and Google are also launching applications to help identify infection risks during the
pandemic. The two companies announced a system for tracking the spread of corona virus using data through
Bluetooth Low Energy (BLE) transmissions and approved apps from health organizations. The pandemic has
made business units to realize the importance of IT expenditure. But however, theIT spending is expected to
buffer and decrease by 2% in the present year 2020 due to the crisis.
Source: Market Research Universe, MCG Analysis
The overall Information and Technology Industry is expected to grow over 7% CAGR in the coming years. As
there will be more businesses entering into the digital world, the market is expected to grow later in the year.
182
215,2
254,0
299,7
353,6
0
50
100
150
200
250
300
350
400
2018 2019 2020e 2021e 2022e
Global Public Cloud Service Revenue Forecast (in Bn USD)
4 3,7
4,5 4,81
5,15
0
1
2
3
4
5
6
2019 2020e 2021e 2022e 2023e
Global Information and Technology Industry Forecast (in USD
Trillion)
13. 13
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Utilities
The Utilities sector experiences medium risks as
residential demand is expected to increase in the
next few months. The disruption in supply chain is
also minimal. But there is a overall decline in
demand for electricity from commercial and
industrial segments. The International Energy
Agency estimates that the electricity demand will
decline by around 15%.The prices of crude oil and
thermal coal are expected to drop. The declining
demand for electricity has caused carbon prices in
the EU Emissions Trading Scheme (ETS) to reach 16-
month lows, falling to approximately US$17.70 per
tonne at 18 March. This has reduced the cost of
fossil-fuel generation. However, renewables prices
are also expected to have declined, due to the fall in
oil prices and weak electricity demand.
Table Showing Solar PV Demand Forecast (in GW)
Year 2018 2019 2020e 2021e
Solar PV
demand (In GW)
97.7 97.2 100-150 120-123
Source: Market Research Universe, MCG Analysis
According to the study by Market Research Universe, Global Solar demand is expected to be around 100-150
Gig watts in 2020 which is said to be the first fall in annual capacity additions in the last three decades. Global
wind sector is expected to fare better than solar due to its tight delivery and specialized equipment being
rented for limited time. The global wind capacity development is expected to be around 80 GW in 2021. The
overall Renewable Energy market is expected to slow down due to the pandemic but the post-pandemic
market is expected to grow over a CAGR 5.5% in the coming years.
Mining
The Mining sector is highly globalized and dependent on commodity prices. The curtailment of global
manufacturing activities has led to reduction of commodity prices particularly for copper, crude oil, iron ore
and other industrial commodities. As major mines are all closed due to the pandemic, some mining operators
are experimenting autonomous mining technologies to replace workers. Although autonomous mining
technologies have already being in development, mining operators are increasingly showing interest towards
these technologies after the lockdown as investments are being made in autonomous mining technologies.
The Gold ore mining industry is expected to be positively impacted by the COVID-19 as the crisis has led
investors to look for safe haven in gold and other precious metals. Investors who prefer to reduce their risk
exposure are more likely to diversify their portfolio with gold and other precious metals. The price of gold is
expected to rise as the demand is rising.
14. 14
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Oil and Gas Industry
The industry is hard hit as there is low demand for
oil and gas due to travel restrictions. According to
the International Energy Association, the demand
for global oil demand is expected to decline in 2020
as COVID-19 spreads across the world. There is a
severe supply- demand imbalance and the acute
oversupply of oil will test the limits of crude and oil
storage. Producers are in great pressure to maintain
a positive cash flow and limit spending. The Natural
gas is also trading at its lowest price since March
2016.
The global Oil and gas industry reached around USD
3.3 trillion in 2019. According to Market Research
Universe, the oil and gas industry is expected to
contract in 2020 and rebound sharply in 2021. The
oil demand during 2020 to 2025 is expected to grow
at an average annual rate of just below 1 million
barrels a day. 70% of the demand is expected from
Asia Pacific economies post pandemic. The oil
production capacity is expected to grow around 5
million barrels a day with 60% of it coming from non-
OPEC producers. The production growth in the
United States and other non-OPEC countries is
expected to slow down.
Source: Market Research Universe, MCG Analysis
99,97
100,75
95,52
96,47
97,44
92
93
94
95
96
97
98
99
100
101
102
2018 2019 2020e 2021e 2022e
Total consumption of Oil and other liquid fuels ( in Mn barrels
per day)
15. 15
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Retail
The temporary lockdown of many manufacturing
units is expected to disrupt the supply chain in
retailing. Non-essential retailers are worst hit as they
are expected to close their stores due to new
restrictions. Non-essential retailers with online
stores still take orders and deliver after restrictions
are relaxed. But small non-essential retailers are
expected to be affected badly and may exit. The
wages and number of employees are expected to
decrease in non- essential retail such as clothing
stores layoff staffs due to prolonged lockdown.
Essential retailers like food and beverage retailers,
supermarkets, drugstores are experiencing minimal
risks. In many cases, there is a significant increase in
sale of essential items due to hoarding. According to
the Confederation of British Industry (CBI), there is a
surge in food and drinks as people stockpiled ahead
of quarantine measures, while spending on non-
essential items slumped.
The study notes that the consumer spending is
expected to slow down from 2.5% in 2019 to 2% in
2020. However, online shopping is expected to grow
in the coming years as more number of people are
becoming more comfortable to buy groceries online.
According to the study, percentage of online grocery
spending in US is expected to grow from 6.4% in
2019 to 7.5% in 2020.
According to analysts from Market Research
Universe, supporting smaller retailers, especially
businesses affected by the non-essential activity
restrictions in their loan deferral and easing their
access to additional credit can greatly help the
industry to get back to the growth track.
The overall retail industry is expected to grow at a
CAGR of 12%. As more and more retailers are
expected to go digital and explore e-ecommerce in
the coming years, the industry is expected to grow
significantly.
16. 16
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Aviation
The Aviation industry is severely impacted by the
COVID-19 pandemic as it is losing its revenue due to
closure of national borders and travel restrictions.
The airlines have already experienced a major drop
in its traffic on their highest-profit international
routes especially in Asia–Pacific. The industry is
expected to miss the summer peak travel season.
Some airlines are expected to become bankrupt
particularly which are in less advanced economies.
FlyBe , the UK regional carrier which has become
bankrupt due to the pandemic is an early example.
Indigo, the largest air carrier in India is said to have
cut its senior management salary due to loss of
revenue. According to International Air Transport
Association, the aviation industry is estimated to
have a revenue loss of US$ 314 billion in 2020.
Paycuts and consolidation are expected to happen in
this industry due to the impact of corana virus.
Source: Market Research Universe, MCG Analysis
According the study by Market Research Universe, the global aviation industry is expected to grow at CAGR of
around 3.1% during 2020-2022. The revenue is expected to fall from USD 838 million in 2019 to USD 524
million in 2020.
According to the study, consolidation across the sector can reduce the burden of losses and airline companies
with tight cash flows can survive the crisis. However, declining fuel prices can induce the growth of the industry
by cutting its fuel costs.
755
812 838
524 540 582
634
0
100
200
300
400
500
600
700
800
900
2017 2018 2019 2020e 2021e 2022e 2023e
Global Aviation Industry Revenue (in Bn USD)
17. 17
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Automotive Industry
Automotive industry like any other industry is not
immune to the economic crisis due to the pandemic.
Major vehicle manufacturers have closed their
operations temporarily due to the lockdown.
Revenues are expected to fall as there is no sale of
vehicles taking place. However, major auto
manufacturers have started producing ventilators in
their production facilities. Major players like Honda
and Ford are in talks with UK government in
producing ventilators. In China, BYD have already
started producing disinfectants and face masks to
battle the spread of corona virus.
Source: Market Research Universe, MCG Analysis
The study notes that the global auto sales is expected to fall more than 13 percent from 2019 to around 79.42
million units which is said to worse than the financial crisis in 2008. The industry is likely to recover very
limitedly in the year 2021 at a rate of around 1.5%. The drop in sales may create high credit pressures to
manufacturers and suppliers and is likely to test the liquidity positions of the automakers. The production rate
may gradually recover depending on the recovery of supply chain and demand.
95,66 95,05 91,29
79,42 80,61 82,22
0
50
100
150
2017 2018 2019 2020e 2021e 2022e
Global Vehicle Sales Forecast (in Mn units)
18. 18
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Real Estate, Rental and Leasing
Real estate industry is expected to be impacted
negatively due to uncertainty in the market.
Consumers are unlikely to buy and sell houses during
the lockdown. This can affect retailers and service
providers severely and some may even go out of
business due to reduced consumer spending.
Revenue flows of Real estate brokerage firms will be
affected due to social distancing as buyers may delay
their home purchases. Firms with liquidity problems
may suffer most in this crisis. The demand for
commercial and residential leases is expected to
drop drastically. Property listing websites like
Zoopla reported 40% drop in demand in March 2020
and it is predicting that the housing transactions
would drop by 60% over the next three years.
Global Real Estate Market is expected to decline
around 20-30% in 2020 due to fall in demand.
Thereafter it is expected to grow slowly around 1.5%
over the next few years.
Source: Market Research Universe, MCG Analysis
According to Market Research Universe, monetary and fiscal stimulus can greatly help the industry to survive.
Declining interest rates may attract prospective consumers to enter the real estate. Providing loan relief to real
estate operators especially those in commercial segment can greatly benefit the industry. Moreover,
government proposing mandatory code on rent reductions, freezes on rent increases and prohibiting the
termination of leases for non-payment of rent like the guidelines made in Australia will remove the growth
constraints from the industry.
8,6
6,88 6,98 7,09
0
5
10
2019 2020e 2021e 2022e
Global Real Estate Market (in USD Billion)
19. 19
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Agriculture
The Agriculture industry is expected to be impacted
by the corona virus pandemic in the medium term.
According to UNFAO, there are adequate food to
combat the crisis. But problems in production are
disrupted due to the lockdown. Though the industry
is labeled as essential service, the supply chain and
logistics barrier pose a huge disadvantage. The labor
intensive sectors in the industry such as tea
plantations, meat processing is believed to take a
hit. As social distancing and lockdown prevents
laborers from working, the agricultural production
may go down. Many farmers face labor shortages as
a result of the pandemic. Countries where
agricultural items are mostly procured through
exports are expected to experience sever shortages
due to supply chain disruptions. Though countries
which are self-sufficient in their agricultural
production may not be affected badly, but the
declining production levels may cause serious food
shortages across the world in the coming years.
According to UN Food and Agriculture Organization,
the world would risk a looming food crisis unless
measures are taken to keep global food supply chain
alive.
The prices for higher value products like meat and
perishable commodities are more likely to jump. The
farmers may suffer potential loss as there will be
wastages as perishable items like fruits, vegetables,
flowers harvested during this period may not be able
to find a potential market due to the pandemic.
Source: Market Research Universe, MCG Analysis
According to Market Research Universe, the prices of agricultural products is expected to recover from the fall
in 2021. Once the supply chain disruptions are cleared, prices are expected to rebound. The global agriculture
industry is expected to grow at CAGR of 1.5% over the next few years.
5
4,8
5,15
5,29
4,4
4,6
4,8
5
5,2
5,4
2019 2020 2021 2022
Global Agriculture Industry Forecast (in USD Trillion)
20. 20
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
Tourism
The Tourism industry is the most affected industry during the Corona virus pandemic. As public private
transports are restricted and national borders are closed across the world, tourism industry has almost
completely stalled. The industry is expected to see huge revenue falls in this year 2020. Moreover, the tourism
industry usually has a peak season during the summer months, as tourists throng to major sightseeing places to
spend their vacation. The industry is said to miss the peak season due to lockdown. According to WTO, the
global revenue for tourism and travel is expected to decline by around 20-30% from 2019. The industry is
expected to recover in 3-4 months post corona virus under optimistic assumption.
Source: Market Research Universe, MCG Analysis
According to Market Research Universe, Global Tourism Industry is forecasted to decline to USD 4 trillion in
2020 due to the corona virus pandemic and thereafter the market is expected to recover at growth rate of
around 2%.
5,34
4 4,08 4,17
0
2
4
6
2019 2020e 2021e 2022e
Global Tourism Industry Forecast (in USD Trillion)
21. 21
Impacts of Coronavirus (COVID-19) & Potential Recovery Paths
Copyright @ 2020 Market Research Universe
CONCLUSION: THE POST CORONAVIRUS (COVID-19) WORLD
There is no doubt that Corona virus pandemic will disrupt the world economy. The impact of the pandemic is
said to change the industry landscape as many businesses will begin to reshape their strategies. Some
industries may evolve by creating new markets and opportunities. The global supply chain will begin to
diversify as relying on single country for everything from auto parts to medical supplies possess huge risks and
uncertainty. Major business entities will diversify their production lines and this can pave way for new
emerging manufacturing hubs. The significance of digital technology will be taken seriously by businesses.
There will be lots of digital goods being created by business as there is huge opportunity to explore. Business
which previously had in-person services will now start exploring virtual offerings. While Restaurants, hotels will
look to diversify their revenue streams and food tech companies are expected to grow beyond food delivery.
Governments across the world will be giving more attention to the health care system. Health care spending
will become crucial in government operations and investments in clinical research will be encouraged more.