Everyone turns to electronic services and new tools that allow them to adapt to the exceptional circumstances currently prevailing due t...
Everyone turns to electronic services and new tools that allow them to adapt to the exceptional circumstances currently prevailing due to the spread of the new Coronavirus, which obliged about one billion people around the world to stay in their homes, as well as causing it to collapse stock exchanges and the difficult situation of companies, which leaves a very severe economic impact that may come After the major transformations in the world, it will be the biggest beneficiary of them - apparently - some companies in the technology and Internet sector.
"I think some aspects of work and organization will be permanently altered when I get out of the current situation," said Professor of Organizational Behavior at the Saeed School of Business at Oxford University Sally Miles.
"People will discover that they can work and communicate in a way that has not occurred to them yet, and this will force them to adapt more to technology," she said.
E-commerce giants vs. independent stores
The major e-shopping sites reported an increase in orders, while quarantined consumers moved to purchase essential items online.
On Monday, March 16, the Black World Stock Exchange witnessed a decline in the shares of the American distribution giants Walmart and Amazon. However, Walmart returned after that, rising by 23% from Monday, and Amazon stocks rebounded again.
"We are seeing an increase in online purchases, which has depleted some stocks of essential household items and medical supplies," Amazon said.
Mike Cherry, the head of the British Confederation of Small Businesses, explained that the small independent stores suffer from the situation, pointing out that "this stage is basically very difficult for all small stores in the country … There are major concerns about supply chains while the turnout is registering a continuous decline", and he considered that the prospects The future in front of these stores in the coming weeks is getting more pessimistic.
Online broadcasting versus movie theaters
Streaming (online) platforms in the world saw a 20% increase over the past weekend, according to Bloomberg.
In the face of this demand surge, several companies such as Netflix, Google and Google (the parent company of YouTube) have reduced broadcast quality to reduce network use in order to reduce the pressure on the Internet in Europe.
On the other hand, the audiences of major cinemas networks have receded to an unprecedented extent, and many lounges have temporarily closed their doors to contribute to the efforts to contain the Corona epidemic.
In the United States, shares of "Cinemark" and "AMC Entertainment" cinemas on Friday fell 60% from their highest levels in January and February 2020.
Online exercises versus gyms
Because many gyms are closed, sports practitioners tend to attend exercise classes online to continue their exercises at home.
Shares of the American sports equipment company, Peloton, have increased significantly, as investors are betting on the increasing demand for their individual equipment connected to the Internet and its lessons over the network.
Video conference vs. meetings
As more and more people move from their homes to work, the demand for technology that enables online meetings to take place has increased.
"There is a real upsurge in teleworking, to the extent that companies like Zoom have seen their shares rise in value," a company that specializes in video conferencing, said an analyst at Creative Strategies Carolina Milanese.
Meanwhile, business meetings and sporting and cultural events continue to be postponed or even canceled, and a major question point remains regarding the Olympic Games this summer in Japan.
