5 INDUSTRIES MOST AFFECTED BY THE COVID-19

The rise of Covid-19 has had a profound impact on the way businesses operate.

For example, employees in some industries have been able to become relatively easily accustomed to social distancing at work, such as working from home. The ability to do this varies widely by industry and company. It depends on the nature of the business and the extent to which it is necessary to have direct contact with customers or other employees.

Working from home is more prevalent in industries such as finance, insurance, business and science, information and communications. These are all more productive service sectors. In addition to low demands, firms may also reduce production because they are unable to obtain essential inputs or supplies. About 40% of companies in the surveys have reported disruptions in their supply chains in the second quarter of 2020.

It was reported that supply disruptions were greater in industries and companies that expected larger impacts on sales, implying that supply effects may have been a factor that also slowed down production and more in some sectors than in others.

Here are few of the most affected sectors during this pandemic.

1. Travel & Tourism