In 2020, the coronavirus pandemic upended the global economy, permanently altering the way many industries will conduct operations in the future. Despite worldwide recessions, some industries have actually seen their profits increase during the pandemic and are likely to continue seeing growth post-pandemic. Meanwhile, others that are currently struggling are expected to flourish in the aftermath of the coronavirus crisis.
Looking forward to 2021, there are several industries that can expect to see, or continue to see, a boom in profits once the pandemic has subsided. We’ve listed a few below:
Online Meeting Platforms
Following social distancing and stay-at-home orders, many businesses began using online meeting platforms to communicate with both employees and clients. In fact, Zoom saw its stock price rise by over 100% in two months. Meanwhile, Microsoft Teams saw daily users surge from 32 million to 44 million in the month of March alone. Global Workplace Analytics estimates that 25-30% of the U.S. workforce will be working from home more than one day a week by the end of 2021.
As the number of Americans working from home has increased so has the need for cybersecurity. Prior to the pandemic lockdowns, hacking attacks against people working from home accounted for only 12% of malicious emails. But, shortly after governments began issuing stay-at-home orders, that number rose to 60%. As many companies continue to move operations online, the need for cybersecurity will continue to rise.
In 2020, satellite imagery revealed a dramatic decrease in the amount of air pollution across the world as a result of less travel during lockdowns. In keeping with previous years, which saw significant interest in greener technologies, 2020 led to huge consumer and government support for eco-friendly companies. For example, electric car company Tesla saw its stocks surge by 492%. Additionally, the French government only agreed to bail out Air France-KLM if the company would commit to several green conditions, such as lowering its carbon emissions by half.
While the virus has led to sharp and deep economic contractions, it has also sparked incredible innovation as businesses and entire sectors have found new ways to meet new demands. The industries above are just some of the ones seeing the growth that many experts anticipate will continue through 2021, and even into the future.
Visa Business Plans is led by Marco Scanu, a certified coach from the University of Miami with a globally-based practice coaching Fortune 1000 company executives, entrepreneurs, as well as professionals in 4 different continents. Mr. Scanu advises clients on turnaround strategies and crisis management.
Mr. Scanu received a bachelor’s degree in Business Administration (Cum Laude) from the University of Florida and an MBA in Management from Bocconi University in Milan, Italy. Mr. Scanu was also a Visiting Scholar at Michigan State University under the prestigious H. Humphrey Fellowship (Fulbright program) with a focus on Entrepreneurship, Venture Capital and high-growth enterprises.
At present, Mr. Scanu is the managing partner and CEO at Visa Business Plans, a Miami-based boutique consulting firm providing attorneys and investors with business planning services in the areas of immigration and SBA loans.