The coronavirus has not only gave a major blow to economies around the world, but has also accelerated changes that need to be made or are expected in some areas.
For the first time in the history of the pandemic, those who have never traded online bought something in this way. Even those who see the Internet as a threat to their small business model are being forced to use it. For some companies, the idea of working from the office can become a thing of the past.
Let's move on to examples. Since the advent of online movie sites like Netflix, real movie theaters have seen the internet as the biggest threat to them. That’s why big-budget Hollywood movies hit theaters in the first place. Online platforms like Netflix can’t buy them even if they want to. Online rentals also come out after the full season is shown in cinemas. The goal is to maintain the traditional business model.
But this is inconvenient for the customer. If some people want to go to the cinemas, some prefer to see the new movies at home that day, with their family. Even if you wanted, for many new films, there was no such opportunity so far.
But with the onset of the pandemic, when access to cinemas has completely ceased, cinemas are also being forced to offer new films through online platforms because they have to make money to survive.
For example, the popular Fandango site, which sells tickets to cinemas, now offers the opportunity to watch many movies on their web-site itself.
Not only movies but also concerts are taking place online. This trend will continue after the pandemic. Twitter has allowed all employees (if desired) to continue working at home “forever” even after the pandemic is over. That is, they saw that it was not necessary to come to the office to do their work. It is clear that the number of companies moving entirely from home to work will continue to grow. The era of offices is also coming to an end. This is bad news for businesses dealing with home and venue rentals.
Online sales and delivery services are booming. By 2026, the world’s first trillionaire will emerge. You must have already guessed who they might be. The global leader in online commerce is Jeff Bezos, founder of Amazon. His current fortune is $ 143 billion. In 5-6 years, his wealth is expected to grow 10 times.
So the coronavirus pandemic has accelerated the transition to the digital world. The virus, which has made the lives of millions of people upside down, is also causing dramatic changes in the economy: some types of businesses are on the verge of extinction; others are booming.