The outbreak of coronavirus has had a huge impact on China’s economy, and people from all walks of life wonder what will happen to the economy after the outbreak is over. Which industries will see new opportunities? And how do we prepare it?
Trends in industries after the outbreak of the virus
1. Online entertainment will become more popular
With the development of society, more and more people participate in the virtual world. The Internet not only brings convenience to people’s lives but also brings hope to people because of the great contrast between reality and the virtual world.
Most Internet companies are doing services around this theme. Tencent, Douyin, Kuaishou, and other platforms provide a variety of online entertainment forms, Alibaba, Jingdong, Pinduoduo, and other e-commerce platforms provide shopping services, Meituan provides life services, etc.
The epidemic has left people passively at home, but all kinds of online entertainment have brought solace to their lives. For Internet companies, this gives them deep access to their users.
2. Demand for sanitary products will continue to rise
After this outbreak, there will be profound changes in people’s habits and demands on health. In addition to face masks, demand for wipes, hand sanitizers, disinfectants, and other products has soared. People’s demand for healthy food, immunity and insurance products will be stimulated.
3. Catering and retail industries will see a retaliatory rebound
Because of the virus, online fresh food procurement, food delivery, and other businesses have entered a very hot phase. And some shopping malls are also actively carrying out countermeasures, using online live streaming to promote products. What these industries need to do is to stay stable at this stage, after which consumer demand will burst out in a short time and the government will issue some incentive policies to encourage merchants. At that time, the catering and retail industries will see a retaliatory rebound.