COVID-19 – Which industries and jobs are safe & which aren’t

source: https://davidstaughton.com.au/impact-of-corona-crisis-industries-and-australian-economy/

Industries heavily impacted by the Co-Vid19 Crisis?

  • Travel & Tourism – Airlines, Bookings, Entertainment, Hotels, Chinese Travellers, Luxury Goods, Transport
  • Group Events & Activities – Conferences, Expos, Sports, Arts, Weddings, Venues, Gyms
  • Hospitality & Small Group Activities – Pubs, Clubs, Casinos, Cafes, Bars, Restaurants
  • Education – Universities, Schools, Childcare
  • Personal Services Providers – Allied Medical, Dental, Nails, Hair, Beauty, Cosmetic Surgery, Tattoos
  • Most Retailers and many traditional “face to face” Businesses
  • All businesses and services directed to CLOSE DOWN by the Government

Businesses & Organisations that will probably continue operating during Corona Crisis? (least affected industries)

  • OUTDOOR Industries like Farming, Infrastructure Construction, Building Services & Garden Maintenance,
  • INDOOR Services Businesses that can Work from Home like Software Tech Businesses, Professional Services, Allied medical and other Office Workers
  • ESSENTIAL Services needed for survival (see below)
  • GOVERNMENT Services

These Industries will be LEAST Affected by the Corona Crisis downturn and their employees who continue to earn a salary make good potential target markets during the downturn

Crisis-Proof & Essential Industries?

  • Government Funded Services – health, police, defence, welfare, aged care, disability, transport, environmental
  • Utilities – Telco, Power (electricity/gas/solar), Water, Waste & Recycling
  • Construction & Building Projects (beware a property downturn)
  • Infrastructure Major Projects – Road, Rail, Ports, Airport, Aerospace? projects probably continuing or sped up
  • Technology Software Businesses (now working from Home) – software development
  • “Essentials” – Grocery, Bottle shops (Alcohol), Pharmacy, Dry Cleaners, Logistics
  • Local manufacturers switching to essential goods manufacture – PPE, Sanitisers, Toilet paper etc
  • Selected Mining and Resources businesses

Here is some more info on Government Services  http://theconversation.com/government-spending-explained-in-10-charts-from-howard-to-turnbull-77158

Which Businesses will prosper, survive, struggle or die?

The Specific Business impacts of Corona Virus Crisis – The impact on business and the economy will depend on the duration of the crisis or closure – 3 months, 6 month, 9 months or 12 months and the number of “waves” of virus pandemic.

Many businesses may PIVOT or POSITION themselves to grow in a different area. e.g. Restaurants offering takeaway meals.

LIST of Businesses & Industries that will probably GROW during Co-Vid Crisis & economic downturn

  • Online Stores & Online Commerce should do well
  • Virtual Meetings and Conferencing – Online Virtual Training like zoom.us
  • Working from Home (WFH) Services – Home Setup, Technology, Wellness, Management
  • DIY Home Maintenance
  • Tech tools & software to WFH – a hot category at Officeworks & JB HiFi
  • Virtual Consulting – Doctors / medical services –
  • Healthcare & Pharmaceutical Businesses
  • Home Teaching & Schooling
  • Cleaning & Sanitising Suppliers
  • Advisors – Accountants, Wealth & Financial Advisers (via Virtual meetings)
  • Grocery Stores and suppliers (more eating at home)
  • Home Delivery services – groceries, Food, tech and Parcels
  • Mortgage Brokers & Credit providers – new loans to administer and refinancing
  • Big 4 Banks – Government Loans (depends if property prices crash)
  • Stockbrokers
  • Pawn Shops / Online Marketplaces
  • Telcos and some Tech/App Services
  • Home Streaming Movies – like Foxtel, Netflix, Stan etc  (might be dropped to Low Res like Europe)
  • Alcohol Sales (for Home Consumption)
  • Crematoriums (for body disposal) – Funerals may be delayed like in Italy
  • Virtual Real Estate and Property Sales
  • Grocery / Food – Meat & Seafood?
  • Mobile Phone Resellers and Repairers,
  • Personal Trainers online & home fitness equipment
  • Online Real Estate Agents – Virtual Tours & Sales
  • Property Management and Body Corporate Services will be busy
  • Online Art & Craft Hobby Business – learning a new artistic hobby and home school supplies
  • Book Sellers & Book Publishers (Many people writing books)
  • Logistics – Transport, Warehousing
  • Employment Services – Career Coaching and Welfare
  • Bike Shops – repair and alternative to car.
  • Online Payments
  • Bargain and Discount Stores – budget conscious buyers
  • Pet Stores (online)

 Business that will GROW later in the Post-Crisis Downturn
& eventual Recovery

  • Removalists & Relocations (moving closed Shops and residences)
  • Repair & Maintenance Services – fixing things don’t buy it
  • Robotics and Drones
  • Auto Car repairing (no new ones)
  • Funeral Events
  • Lipstick and Beauty Supplies
  • Flowers and Chocolates
  • Insolvency / liquidation
  • Repossession
  • Debt Collection
  • Delivery services
  • Pay Day lending?

Businesses that will probably SLOW during the CRISIS – Especially during the Shutdown

  • Allied Health – Physio / Chiropractic (Virtual consults only)
  • Dentists
  • Hairdressers & Barbers
  • Nails Shops & Beauty Salons
  • Surgeons & Private Specialists – Elective Surgery on hold
  • Childcare Centres (attendance drop)
  • Education – Universities and Schools
  • Transport – Cars and Petrol Stations
  • Utilities – less Power & Water being used?
  • Less Waste & Recycling needed from commercial premises and manufacturing
  • Mining & Resources dependent on commodity prices
  • Premium Meat and Seafood for Export (to Asia?)

Businesses that will DECLINE During and After the Co-Vid Crisis

  • MOST Aspirational and Discretionary Products and Services
  • Hospitality Industry – Cafes & Bars
  • Cosmetic Surgery and procedures like Fillers and Anti-Wrinkle injections
  • Automotive – Sales of New Cars & Luxury Cars – Motor Vehicle Dealers
  • Boating and Nautical Sales
  • Education of Chinese students
  • Solar Panel Installers
  • Home Improvements – Pools and Spas
  • Home Furnishing
  • Restaurants – especially high-end restaurants
  • Live Conferences, Events and Speakers (moving to Virtual and Hybrid Events)

Businesses & Industries that face a MAJOR DECLINE During the Crisis

BEACH Industries Hardest Hit

  • Booking & Travel Agents
  • Entertainment & Live Events – Sports, Conferences, Conventions, Caterers, Expos, Arts
  • Airlines – Airline Travel
  • Cruise Ships & Casinos
  • Hotels, Resorts & Accommodation

As well as

  • Tourism Attractions and Tours
  • Conference Speakers, Conference organisers (PCOs), Bureaus, Expo Hire and construction
  • Venues – Weddings & Events
  • Retail Fashion Stores
  • Hire cars and equipment
  • Newsagents & Gift Shops
  • Live Events
  • Contact Sports and Stadiums
  • Cinemas and Markets
  • Massage Parlours, Escorts and Adult Clubs
  • Private School Fees
  • Taxis
  • Gyms
  • ALL Aspirational Fun Stuff – Jet ski, Harleys, Spas, Luxury Cars

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