Monday, 11 May 2020
After effects of Covid-19 (Professions & Businesses)
After effects of Covid-19 (Professions & Businesses)
Covid-19 has created distressful situations to people from all walks of life regardless of race, religion, gender, language etc. All the sectors including the agricultural sector, manufacturing sector, tourism sector and aviation sector is drastically affected.
Worst Affected Businesses by Covid-19:
· Aviation: Due to Covid-19, all the flights had to be stopped by the end of March 2020 to curb the spread of the virus. As a result of it, pilots, aircrew staff and employees working in the aviation industry had to stop their work and sit idle at home till there is a progress or change in the current situation of Covid-19. Everyone’s routine has been thrown out of whack, making them lose the control over their lives.
· Tourism: Millions of jobs in the global tourism industry could be lost due to the COVID-19 pandemic, which has impacted travel like no other event in history and caused 96 per cent of all worldwide destinations to introduce restrictions in response to the outbreak.
· Restaurants: One of the sectors worst affected by Covid-19 will be food services, estimated at Rs 4,23,865 crore in India and employing more than 700,000 people, according to the National Restaurant Association of India. As brick-and-mortar businesses shut down, restaurants are struggling, but small efforts are afoot to salvage whatever they can.
· Salons and Beauty parlours: Every industry has been impacted by Corona virus shutdowns, but for hairdressers and other hands-on beauty service providers, it has been devastating. About 72 percent of hair salon workers polled said that they either live paycheck-to-paycheck or have only about a month’s worth of cash reserves to live on. About 23 percent reported having no health insurance. Many salons laid off their workers quickly after the shutdowns, allowing them to apply for unemployment benefits.
· Movie theatres: The COVID-19 pandemic has had a substantial impact on the film industry, mirroring its impacts across all arts sectors. Across the world and to varying degrees, cinemas and movie theatres have been closed, festivals have been cancelled.
· Floral shops: Demand for tulips dropped precipitously as flower shops around the globe have shut, consumers have gone into lockdown and celebrations have been cancelled. When tulip stems came up at the country’s largest flower market in Aalsmeer, the prices stalled over and over again at zero.
· Food delivery applications: Customers are wary whether the food they order from online delivery platforms like Swiggy and Zomato is safe or not. Among the concerns are the health of the delivery partner and the hygiene conditions of places where the food is made. The food delivery platforms have begun an outreach programme assuring their customers about the safety of ordering food online. They are informing customers about the best practices being followed in order to win back their trust.
· Automobile manufacturing companies: The automotive industry is disrupted by the four megatrends connected, autonomous, electric and shared driving, causing an unprecedented technology and business model transformation. Amid this transformation, the COVID -19 outbreak is putting additional stress on the industry. After initial supply and manufacturing disruptions, the industry is now experiencing a demand shock with uncertain recovery timeline due to shelter -in -place regulations. Decrease in market capitalization will likely accelerate industry consolidation and without securing additional funding, some players risk going out of business.
Worst Affected Professions by Covid-19:
· Pilots & Cabin Crew: They are facing from pay cuts and at are a high risk of losing their jobs as well due to this pandemic. They are also at a high risk of being infected by Covid-19 as they might have to come in contact with passengers tested positive.
· Travel agents: Tourism and travel cannot be revived back to normal at least for the next two years. Travel agents are losing their jobs and their futures are bleak. They have to look for alternatives that can be done from home.
· Taxi Drivers: Singapore's taxi sector has taken a massive hit due to the COVID-19. Moreover, Bangalore’s auto rickshaw and taxi drivers appeal for aid amid Covid-19 lockdown. The COVID-19 outbreak has forced taxi companies in Germany to get creative, with many offering food and medicine delivery services. Drivers worry it won't be enough to avert a wave of bankruptcies in the industry.
· Actors/Actresses: Actors have to go on the film's set or their television show's set to produce daily and it has come to a halt due to the outbreak of Covid-19. They are staying idle at home and not getting their incomes due to it.
· Food delivery persons: Business is up 30 to 50 percent for food delivery services like UberEats. And COVID-19 has impact on food delivery services and therefore, food delivery persons have lost their jobs as their companies are facing losses themselves.
Less Affected Businesses by Covid-19:
· Hospitals & Pharmacies: As the lockdowns are being observed all over the globe and the national level pharmacy professionals are performing frontline roles, the role of pharmacists and doctors in the COVID − 19 pandemic is becoming more vital. Pharmacists globally are providing services amidst pandemic, including TRIAGE services, seeing patients and reducing the patients’ burden on health care facilities such as hospitals and GP practices. Pharmacists are also working to providing home deliveries, as well as dealing with the increasing number of patients coming through to pharmacies with the other ailments.
· Graphic and web designing: In times of crisis, graphic design and visual messaging is more important than ever and there is a wider scope for it as well. Graphic design could be a crucial way to reach out and reassure more vulnerable communities during the coronavirus.
· Online tutoring: COVID-19 caused schools and colleges across the globe to be closed and over 1.2 million children in 186 countries are affected by school closures due to the pandemic. Our education system is losing relevance and thus, language apps, virtual tutoring, video conferencing tools, or online learning software is becoming more prominent nowadays so that students will not lose out on skill development during such times.
Less Affected Professions by Covid-19:
· Doctors, Nurses and Pharmacists: Their dedication, knowledge and expertise are required and are of utmost importance to the public. They have to work day and night to save the people from this pandemic. They are working overtime for this.
· Online Tutors: Students are not able to attend regular schools and colleges. Thus, they had to avail help and service from online tutors to help them gain knowledge during this period of pandemic. They are ready to pay them high in order to prevent themselves from being idle at home.
· E-commerce technologists: Businesses are shifting rapidly to e-commerce, and those without a strong e-commerce portal and associated infrastructure will need to build that out quickly. As a result, we could see a spike in hiring for all kinds of technologists skilled in e-commerce. There is every chance that the demand for technologists with e-commerce abilities will only grow over the next year and beyond.
Udhaya kumar Aishwarya [MBA HR]
Assistant Manager HR
AirCrews Aviation Pvt Ltd
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