The pandemic has disrupted the world more than anything else in the 21st century. Masks, lockdowns and travel restrictions have slowed down the pace of life. Staying at home has become the norm, and many industries have suffered as a result.
As Covid has forced the business ecosystem to adapt to these changes, it has also brought new opportunities. Many sectors that have previously been overshadowed have risen to the forefront. Here are some areas which have felt invigorated and show promise during these times.
Internet Infrastructure Building
One of the biggest problems for businesses that have occurred during the pandemic is the worldwide lockdown. Many physical stores are closed, and retail businesses are barely generating income from these physical locations. As a result, companies have started moving online.
This shift has increased the demand for Online Infrastructure. Many companies are now focusing more on their online presence. Starting an Internet Infrastructure business not only has more scope than ever but can also help these businesses keep running.
Last-Mile Delivery Solutions
Before the pandemic, shipping and eCommerce companies mainly focused on the urban and the more developed areas of the world. But since then, it has become more mainstream and hence has found customers in a lot of rural areas as well. These areas are not generally well connected to the main roads or routes like urban areas, due to poor roads and infrastructure.
To reach these more remote areas, these companies need last-mile delivery solutions. This is possible by setting up storage and sorting facilities at the edge of urban areas and arranging vehicles for making these trips to inner roads. Though this would require a considerable initial investment, it is a good way to connect these more remote areas to the supply chain.
Health and Sanitation
One of the most important sectors, especially during a pandemic, is Health and Sanitation. Especially during Covid-19, items like face masks, face shields, hand sanitisers, testing swabs etc have exploded in demand.
Entrepreneurs can leverage this by starting businesses that supply for this demand. Depending on the scale, this could be a small local shop or manufacturing units for sanitisers and masks, PPE kits and even life support machines like Oxygen support devices. Depending on product range and business strategy, these can continue in the healthcare industry even after the pandemic is long gone.
E-Commerce Niche Stores
As more and more businesses have gone online, the virtual marketplace has diversified. From local shops that sell groceries to MNCs like Amazon, the whole ecosystem has changed. And the demand has also increased similarly since offline stores shut down.
E-Commerce niche stores can replace conventional stores in this situation. Groceries, Electronics, Clothing, or anything else can be the main item. This requires a great deal of market study, product awareness and understanding of what the customers would need or want to buy from these places.
The Verdict
The present offers a unique global situation for businesses, where traditional practices are failing and new, innovative ideas are succeeding. No matter which route you take, it is imperative to adapt to the times while ensuring you can remain even after things have changed.
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