(Newswire.net — August 13, 2020) — COVID-19 has cost us a lot. Some lost their lives, while others lost entire livelihoods as they were forced to shutter their businesses in order to slow the spread of the virus.
Since the beginning of the pandemic, over half the businesses listed as closed on Yelp have shut down permanently. For many small businesses who couldn’t (or wouldn’t) reopen their doors as quarantine restrictions were lifted, COVID-19 was a death sentence.
However, not all businesses have suffered this fate. In fact, quarantine even paved the way for booming industries who were able to adapt, overcome, and thrive despite the virus’s economic toll.
Read on to learn about the top booming industries that are rocking quarantine.
Foods and Beverages
Most businesses were forced to close during Phase 1 of the coronavirus pandemic, but food suppliers were allowed to remain open. Considering many people had little else to do besides stay home and eat for comfort, food sales skyrocketed as a result.
Disposable Medical Supplies
With rising concerns for self-protection to avoid catching coronavirus, the disposable medical supply industry has been thriving during the pandemic. Since the CDC has recommended every person to wear a face mask in public when social distancing guidelines can’t be met, the number of disposable face masks being sold is astronomical. Plus, more people are reaching for other disposable PPE as well, such as plastic gloves.
Booming Industries in Online Sales
If Amazon doesn’t count as an industry by itself at this point, it probably should. The online retail giant started 2020 with a market value of $920 million, which later grew to a whopping $1.49 trillion by the end of July.
But Amazon isn’t the only online retailer that has seen record profits since the start of the pandemic. Online retail has become one of the top booming industries in general since so many are choosing not to shop in person.
Health and Fitness
Since gyms had to close to comply with quarantine guidelines, more people have been purchasing home health and fitness supplies to stay in shape. This has now become one of quarantine’s booming industries. Plus, with so little to do in general, more people are becoming interested in meeting their fitness goals, or at least staving off the “quarantine 15” and maintaining a healthy weight.
Adult Novelties
It’s no secret that being quarantined together can push a relationship to its limits. Yet some people have really managed to come out on top, so to speak.
While some couples are fighting and/or breaking up, others are seeing the opportunity for some “quality time” and purchasing sex toys online to make things more interesting. Plus, a lot of the single folks who aren’t dating during quarantine are searching for alternatives. The adult industry has seen a huge spike in sales as a result, since more people have the time to use or become interested in these types of products.
Getting Through the Pandemic
Quarantine has taken a lot, but many are determined to emerge from quarantine in a better spot than when they went in. For those who have lost their businesses, there are some clear alternatives to pursue. Now that you know what the top booming industries are, there are still lots of reasons to remain optimistic.
For more business topics, check out our other articles.