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Wednesday, 8 April 2020

Covid-19 winners and losers



This diagram says a lot about the potential winners of losers in the short term should the coronavirus pandemic drags on further without a quick resolution.

At the losing bottom of the chain are the players of the tourism and leisure industry, including the hospitality trade. There simply won't be many travellers willing to risk their lives visiting countries abroad. The tourism trade is totally dependent on people to survive and that's where the aviation industry will also suffer. Already, I've heard of airlines closing down or filing for bankruptcy.

At the other end, the medical supply and services industry will get a big boost. Pharmaceutical companies will be set to make billions when a vaccine is found. Even without a vaccine, these companies are producing supplements that they'll tout to build up the body's immune system. In the meantime, manufacturers of surgical face masks will be busy churning out supplies due to increased world-wide demand. So they are the clear winners.



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