Every industry in the world has been somewhat affected by covid-19 in 2020. The top 10 industries most affected by coronavirus/covid-19 have dived, swam or jumped through the pandemic in terms of financial and economic impact.

Top 10 Industries Most Affected by Covid-19 In 2020:

Positively affected industries with financial gains in green are top 5 and negatively affected industries with financial losses in red are bottom 5.

1. Pharmaceuticals – Johnson and Johnson recently announced their plan to produce over 1 billion vaccines to combat covid-19. The industry is considered one of the most essential in combating the pandemic.
2. E-commerce & Digital Services – only the biggest e-commerce, digital media, food delivery and social media companies will positively grow during the pandemic i.e. Amazon, Google, UberEats, Instagram and Paypal.
3. Healthcare – Most of the healthcare industry has remained open and profitable through covid-19 as many fight to save lives and protect people from covid-19 and other illnesses.
4. Manufacturing – Mostly of essential products such as food and healthcare supplies, manufacturing industries have remained open and profitable through covid-19.
5. Insurance – The biggest insurance companies pre-pare and pre-insure themselves against major events such as pandemics. Losses to the insurance sector is projected to be minimal especially in relations to the 4 essential industries listed above.
6. Banking & Finance – Loan defaults, currency devaluations, interest rate pressures and falling equity markets will negatively affect the balance sheet of many financial institutions.
7. Oil & Gas – Oil & Gas investments are significantly low as oil prices hit a historic negative in April 2020. As demand for oil dried up during the lockdown, US oil prices dropped below zero at negative $37.63 a barrel. Oil & Gas prices are expected to rebound as economies open up again.
8. Travel – The industry at the center of the global spread of the virus has been highly impacted by the downturn of events surrounding the virus. International non-essential travel came to a halt in many parts of the world. Over 60% of airlines are at risk of bankruptcy without government bailout.
9. Retail & Wholesale Trade – Non-essential trade has been at a stand still with hundreds of highly notable companies at risk of bankruptcy. Neiman Marcus, JC Penney, J Crew and other big brands filed for brankruptcy in Q2 2020.
10. Tourism – From Disney World to Trump Towers, from event centers to nightclubs, from restaurants to casinos, many tourist venues have remained closed with revenues at standstill and net losses accumulating.

Push Your Dreams 2020

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