Page 80 - Spectrum March Edition -21

BUSINESSES THAT SUFFERED AND GAINED MOMENTUM DURING

THE PANDEMIC

The pandemic COVID-19 was a great trouble for many
business fields. It let down into the country’s economy. This pandemic ruined

the lives of many people, destroying their financial condition and depriving
them out of their daily bread. Though this pandemic caused havoc among
many workers, other survived with difficulties.
In the midst of the online retailers, Amazon remains to
be juggernaut. While the company’s sales growth has been impressive for the
past decade, Amazon received a big boost from the quarantine as people
could not got to the stores to make purchases. Other than this, Zoom became
a platform for video conferencing. The schools even began to schedule online
classes for the students, to continue their education, on Zoom and Google

Meet apps.
A perfect storm of events also helped in the rise of
supermarket industry. Even with stay-at-home orders from the government,
supermarket remained open as “essential businesses.” Few very important
things, which were not in the markets in the previous years have became most
rampant during this pandemic sanitizers, face shields and face masks One
more important market, the online web series and movies have gained a lot of
importance. Netflix, added nearly 16 million new subscribers during the first
quarter of 2020, and its growth numbers more than doubled what the company
predicted January.
This pandemic has proved to be a positive outcome for

the businesses mentioned above. Also, because of these markets, we were
able to enjoy despite tough time.

SAISHREE