World After Pandemic COVID- 19

Covid 19 cases table is increasing every day, with the increase in table the quarantine days are also increasing.The tragic human toll, the coronavirus also threatens incalculable social, economic and political costs, and to trigger a wave of change that will shape our world for years to come. The shutdown imposed to slow the spread of the virus could push some economies into full-scale meltdown.

Financial markets may never recover to pre-crisis levels.

While the world is looking into various news and updates of coronavirus our economy is draining out.

The pandemic has taught us various lessons on our personal hygiene while taking a feedback from various people on “What will the World after Covid 19? What changes will bring in their personal life?"

The common answer I got was "Will keep up hygiene, will wash our hands and carry sanitizer, will spend more time in home and eat home foods, if willing to go in any restaurant want to have food outside will look for hygienic places to eat". Covid-19 pandemic has taught the World the hygiene factors what most of us forgot to do.

On the other hand people are really concerned with the increase price of the commodities, while they fear remains with the entertainment industry will be overly prices.

As the recession hit bad the turmoil of working hard and paid less will increase, who lost their jobs during this situation will mostly settle for less to survive and at least have a job to run their family.

Frustration remains the same for the student commodity as well the last year students who already got placed where about to join or those who were waiting for their placement devastated and frustrated with the no jobs in this pandemic.

Covid-19 effect is there on all sections on the society whether they are rich or poor or whatever sections of the society they belong too.

The impact of Covid-19 in different industry is nothing less than turmoil-

1.  FMCG -

While most FMCG was self proud for transformation from traditional retail ( kirana Shops ) to modern retail (malls and shopping complexes)  they again took a step back and trying to improving their connections digitally for better knowledge of supply and demand. Because, kirana shops plays a great role.

2. Consumer Electronics and Automobile industry-

With the increase in digitization and youth mostly transforming and focused into quality of living they never imagined a 0 sales month...but yes this happened during this pandemic. There will be an expected fall in price for automobile industry as people will struggle for money and commodity essential prices rising up with a cut-off in salary or no salary.

(But, surely in this hot summer the season for cooler and air-conditioners are most affected.)

Although we can see in future that need of E-vehicles will now be pushed. Since, people now have experienced the disasters youth willing or unwillingly to give quality life to next generations they will prefer e-vehicles. Luxury vehicles will take a massive hit due to this. However, a new entry could be seen in innovations in public transport to make it more practical.

3. IT industry

Employee centric processes to build efficiently to make sure zero effect on growth. While Skype, Zoom Calls are superbly seen success rate. After, this Covid-19 companies will be more focused in their employee management system most of them have it but it mostly the chat process now it seem to more focused with conference calls too. As, on the other side most IT based companies have asked to work from home for another least 3 months. This not only saves the functional cost but also saves travel time, pollution and with these preventives employees are happy to settle in less salaries as well.

4. Pharma Industry

A new beginning of R&D methods to be developed which will be on the precautionary side than curing it later. This is probably one of the industries who is seeing profitability in these few days. Masks and sanitizer being on high demand many SME have come up to satisfy the demand. Exporting of medicines to the rest of the World is what is there and could be the future.

5. Entertainment Industry

Entertainment Industry  has the greatest impact which was also the reason for the fall of stock market production houses shut down, movie releases extended advertisements are not successful. While the focus mostly shifted to OTT Amazon Prime, Netflix even the regional OTT's are new shutouts. But, meanwhile it while with increasing quarantine days it cannot sustain in the market without new contents. 

6. Banking and Real-Estate- 

Banking effects has made them more concerned with the schemes for poor and middle class. Emergency funds may release to save for future if again pandemic hits like this.

While, the real estate effect are more zeal. A major drawback of this sector is its liquidity so due to this a major convergence be seen among the investors towards other investment options. On the other hand the zeal of owning their own house will still remain the same since owning an owned house is a sentimental decision than an investment based choice.

7. Hospitality industry-

Revenue in hospitality industry has decreased more than 60% with a major impact on Indian economy due to Covid-19. Although, more and more divergence can be seen towards the budgeted options than high-end options due to insufficiency of funds. Taking this as an advantage the hotels, flights and transportation cost will substantially increase their price and with no other option they are bound to pay. Discretionary services be avoided as much as possible.

8. Startups (ignoring sectors)

Apart from growth and expansion a good grip in the market will now be considered as a much part of their valuation and a startup with good future prospect and an innovative top team will only survive in the long run.

Also, their main problem will be survival in the market as due to lack of liquidity.

Most, startups without a good backup in was away in this pandemic of Covid-19.

9. Oil & petroleum-

Undoubtedly a year on year negative growth in sales figures will be a major concern for this Oil and Petroleum. For country whose earnings majorly depend on this will now see a reverse J curve till the time they find a better alternative. 

10. Education industry-
Online coaching and online classes which was fighting for a long time to come into market and take a good part of share of mind with a share of wallet into consumer mind has finally succeeded into doing it. Colleges and schools with the academic loss of students due to pandemic will surely be looking forward for more tech based system in future. So, there will be increasing profitability for edu-tech companies in future.

If not anything this pandemic of 2020 social distancing is getting over social networking. Marriages, religious functions or any place where people gather will be avoided. Hope, to social distancing will also be maintained in public transport where people stick to each other sometimes hangs from the gates just to travel. 

Grooming for men and women salons ares seeing the loss. Although it is expected the day everything will be normal that will be the 1st place where people will go. 

Social distancing will have a disadvantage as reality will decrease while virtually will increase. People will forget to talk, to smile, to spend time in real life.

Covid-19 has taught us the good difference between needs and wants and which one is our priority.