COVID-19: EFFECT OF COVID-19 ON OUR BUSINESSES......

EFFECT OF COVID-19 ON OUR BUSINESSES...Based on Global Economic Analysis.
 by Obom Nsikakabasi J.


Before we start, after reading this article if by any means you still need to talk to our Economic Analyst on:
1- what business to move into after this unseen global recession.
2- what marketing strategy needed now and after the virus is over to be relevant in the market.
3- what need to do to keep your business standing after the virus is gone.
4- New innovative ideas to boost your business for the future.

Please kindly chat up this number on whatsapp:
+2348134673778. thank you.

Even if there is a progress in slowing down the virus, businesses are still going to struggle for well over a year.
The Travel industry globally will lose 820 billion dollars.
COVID-19 will cost the global economy $2.7 trillion.

Looking at the chart, we could see that the news industry or financial space has skyrocketed, which means our television stations are still active to give us updates on the virus and other happens around the globe.

But looking at the travel industry, like our local transporters have dropped massively in traffic.

E-commerce companies like Jumia and konga, Ali-express has experienced a lots of ups or downs depending on what sales comes in because it's a mixed bag for them. People are buying more of antibacterial items.

Those selling expensive things, luxury goods will have a serious break down in traffic.

Demand for food as gone high, so more people are buying more food because they're all home rest, and no body wants to go out.

Health clinics & hospitals are active.

Economic Strategic forecast for you business men & women.
1- Farmers are likely to get more richer this period, because there is high demand in food consumption.
Humans tends to eat more, when they're not proactive.
2- Healthcare is a fast Conversion growth for now, if you know what I mean.
3- some media sites charge viewers for updated information.
4- such cases like this, competition ha gone down, it's likely your response to customers becomes easy, but based on your industry.

Come back for more information.