2020 and the Industries That Are Thriving

By Rachel Matthews

It’s no secret to anyone that 2020 has been a brutal and trying year for almost everyone. The COVID-19 situation has contributed to so many fatalities all around the globe. It has contributed to so many business issues as well. There are so many industries that have struggled due to the consequences of the virus. Despite that, there are actually a number of fields that have managed to do well amidst the taxing and frustrating circumstances.

Watch the Stocks

People who analyze stock ratings may be in the loop with industries that have done well in spite of the COVID-19 pandemic. If you assess these ratings, then you may be able to pinpoint industries that are going through dark times. You may be able to pinpoint ones that are shining all the same.

Healthy Food Companies Versus Restaurants

Owning a restaurant can be a rewarding vocational path. It’s been an incredibly difficult year for entrepreneurs who own and operate dining establishments of all kinds, however. There are many restaurants that have been able to make up for some losses by offering takeout and outdoor dining.

Many haven’t been so lucky, however. Things have been particularly difficult for eateries that are part of formerly bustling shopping plazas and malls. Shopping destinations understandably just aren’t getting as much foot traffic as they have in the past. That’s why it makes sense that shoppers aren’t stopping by to have leisurely lunches and dinners in nearby establishments. There are so many eateries that are unable to present their customers with the joys of outdoor dining. Space limitations can pose problems for businesses that want to be able to accommodate higher numbers of patrons at the same time.

It’s no secret that most dining establishments aren’t doing so well nowadays. The foodservice realm in general, however, is a whole other story. People want to do anything they can these days to keep their immune systems in check. That’s why there are so many healthy food companies out there that have been doing well in spite of the pandemic and its many issues. People want to chow down on fresh fruits and vegetables that can do a lot for their immunity.

Home Exercise Equipment

Companies that specialize in the production of home exercise equipment are doing better than ever as well, and this makes total sense. The vast majority of fitness centers have had to shut their doors due to COVID-19. The ones that remain open have limited hours. There are also many people who are quite simply reluctant to go into gyms. They have major concerns that involve germs and bacteria. People who want to stay fit often have no choice but to purchase exercise equipment and devices for home use. Companies that produce elliptical trainers, rowing machines, weights, and treadmills are doing extremely well for themselves.

HVAC Still Going Strong

There are other kinds of industries that are also soaring as of late. People understandably are spending more time than ever in the comfort of their own homes. There are so many individuals who work for HVAC companies as technicians. They have to take care of maintenance, repair, and replacement projects more than ever before. People who work as professional plumbers aren’t noticing any drops in the amount of business they get, either. Toilets keep overflowing just as they did in the past. People have to fix leaking faucets just as often. They have to deal with the headaches of burst pipes just as often, too.

Loving Our Technology

Technology is a bigger part of many peoples’ existence. People rely on video streaming sites on a daily basis. They rely on video conferencing software too. There are companies that utilize video conference programs for all kinds of meetings and events. It makes sense that the manufacturers that are behind video conference software are getting more business than ever. It makes sense that people who work for websites that zero in on video streaming are as well. People dedicate so much time to being at home and checking out movies on the Internet.

There are without a doubt many industries that have experienced significant setbacks due to COVID-19. There are also industries that have experienced the opposite. There are some industries that may notice customer losses at a later time. These businesses may want to figure out how to adapt to lifestyle changes that may be on the horizon.