THE global pandemic made thousands of businesses struggle. Many companies were closed, while the others faced significant losses. The reality is that the most vulnerable businesses were those that couldn’t afford to work remotely. Which sectors suffered from serious losses during the shutdown? What types of companies are more sensitive to working remotely? Below you will find a list of fields and industries that fared far worse than others.
Before You Start
The pandemic changed the lives of millions of people. It made humanity adapt to new environments and challenges. Therefore, many colleges and universities assign academic papers related to these changes on multiple subjects. If you are one of the students looking for recent information about industries that came to harm during the lockdown, buy essay online or continue reading this post for more information.
Hotels
The hospitality industry was one of those that ran down during the COVID-19 crisis. The fact is that the levels of tourism reached the lowest levels over the past fifty years. Most people were forced to stay at home, work remotely, and didn’t have a chance to visit new places neither in their home country nor abroad. All hotels were closed even during the peak seasons in order to stop the pandemic. Small hotels couldn’t survive in the new environment, while the big hotel businesses are still trying to reach the level of pre-pandemic sales. The tourism industry is still shaking because of the coronavirus limitations that are set up from time to time by most governments. Moreover, this industry had one of the biggest rifs during the lockdown. The fact is that thousands of chambermaids, receptionists, and other hotel team members lost their jobs.
Restaurants and Bars
All cafes, bars, and restaurants remain closed during the lockdown. As a result, most of them started offering delivery to all their customers. However, not all the businesses in this sphere survived the global pandemic. For example, many small coffee shops focused on selling quality caffeine drinks on the go closed during and after the quarantine. The reason is that people were not as busy as years before – thousands of employees worked from home and didn’t need to buy coffee during busy mornings. Moreover, many people ordered some exclusive meals to their doorstep, but not traditional espresso or latte that can be easily prepared in a home-based coffee maker. As a result, bars and restaurants were among the businesses that could hardly afford to operate in quarantine conditions. Moreover, they also cut the teams because remote work in this sector is physically impossible.
Home Furnishing Stores
Most people prefer buying furniture at big furnishing stores. The reason is that this solution allows them to see the wardrobes, tables, and beds with their own eyes. It makes it easier to try the material, view the real sizes, and explore other parameters of the furniture in detail. Of course, many furnishing stores have online stores with convenient delivery options. However, most customers will still prefer visiting stores before making purchases. Therefore, the home furnishing industry could hardly afford to work remotely since most of its income is received via offline sales.
Personal and Laundry Services
This type of service was incredibly popular before the pandemic. However, during the quarantine, the customers were forced to stay at home most of the time. Thus, many of them could do the laundry, cleaning, and take care of pets by themselves. As a result, the demand for personal and laundry services significantly decreased. Moreover, many customers decided to avoid additional social contacts and refused to invite cleaning or pet care professionals at all. Obviously, most personal services couldn’t work remotely and faced serious losses during shutdowns.
Amusement Parks
The entertainment industry can’t afford to work remotely, either. Theme parks, casinos, amusement parks for kids, and other recreation solutions were drastically impacted by lockdowns. Some casinos expanded their online presence and offered to play digital roulette and poker to all gambling enthusiasts. However, the other industry sectors couldn’t switch to online solutions. As a result, recreation sites lost 59.9% of their jobs from February to April 2020. Unfortunately, many amusement parks closed forever because of lockdown and the inability to attract new visitors.
All in all, countless industries can’t afford to work remotely. Mostly, these are businesses that are focused on offline entertainment, food and restaurants, personal service, and home furnishing stores. Moreover, small businesses tend to close more often than companies that could diversify their products or services. These are more scalable businesses that can switch to online sales and remote work. If you would like to open a new business in any field, make sure it will have a brilliant online presence and opportunities for remote cooperation. The world is changing, and any successful entrepreneur should accept and adapt to new environments.
