How is COVID-19 transforming the business

[Ridorz]

Without any overstatement, covid-19 has done a great things memorable to this life. Covid-19 did a bad and bit good to me and whole world, it made many business/company fall down, it's turned economy to unfavorable. Though, covid-19 made a online business exposed to many people like me, it makes me know that I can earn through online on my bed, It's making me know much about crypto currency.

 

[Nurudeen]

Cororna virus is really shaping the business is a hot negative way and most especially for those who have just a physical outlet for there Business only. Online business is still managing to survive in the wave of this Pandemic due to the fact that there won't be anything like physical contact which the pandemic doesn't like at all

 

[Hasan Raza]

In the penademic situation every since the out break of covid a lot of business as holdup and alot of business has been able to break their way into the consumer market , and social media I really help to make the un- noticeable business. So I can say it as positive effect and a negative effect on every business. But it transformed it to online medium.

 

[redpogi16]

In an effort to better serve customers and protect employees, a number of grocery stores are banning customers from entering and instead transforming the stores into dark stores, or order fulfillment centers. Whole Foods converted stores in Los Angeles and New York, and Kroger and Giant Eagle have done the same with multiple locations. Dark stores allow grocers to fill pickup and delivery orders much more quickly than using fulfillment centers further from customers.

 

[Shahzad Ahmad]

Coronavirus pandemic is transforming the business in both positive and negative sides. For example, in positive, there are many offline business that were working slowly and these start online in pandemic condition and working fastly by hiring other unemployee and become successful. In nagitve, many business has loss because of pandemic like as cinema hall, film industry and other shows etc.

 

[Jonaville1]

Business is dependent on time. Time makes money. Due to the pandemic last year, we successfully finally launched 5G globally. You can only imagine how fast business can operate now without ‘office time’ lags, bureaucracies and delays.

I guess this only applies to multinational or international companies. Because I don't really see how the inception of 5G will have a general effect on businesses. But then, maybe it is the area where I live. In any case, covid 19 has had both positive and negative impact on various businesses worldwide.

 

[Robrown83]

This really has both positive and negative effect to some business. For instance, for those that are producing face and nose masks, it is plus to their business while some business lockdown totally.

 

[Lekan]

I can say that covid 19 has transformed the business both in positive and negative way .the reason is doing the lockdown period majority of people that is running up a business has lost some of their customers and it can not be gain back and as at that time that is when the online business give people opportunity to gain money online till now we are doing it.

 

[Alexandoy]

In the news yesterday was the worst recession of our economy in 2020. Admittedly the pandemic era had crippled the economy. It is only now that it is starting to recover but only for about 60% of the commerce. Restaurants and other customer-based offline business like clothing stores are still struggling because customers are nowhere to be found. Self-lockdown is being practiced by senior and the kids so the mall trip of the family had stopped. It is anticipated that the normal situation will be back in 2022. Oh gee, that is a long time from now.

 

[Mikomataracy]

COVID-19 has transform so many business positively especially Health sectors.
Those selling drugs are making great profit this days because no body want to be infected with the so call COVID-19 so when you notice any thing in your body you quickly rush to any medicine store around you to buy drugs because prevention is better than cure.

 

[jay]

Drastically, like times two of cost price. That's how bad it is now and to top it all, the consumers felt cheated initially but they are now adapting to the new price system. Inflation has hit everything.

 

[Shigobad20201]

Covid-19 has impacted positively and negatively on business last year, but i think it has positive impact on online business cos online business did not stop while local shops stops working for a long periods of time

 

[Kelly5]

Business is dependent on time. Time makes money. Due to the pandemic last year, we successfully finally launched 5G globally. You can only imagine how fast business can operate now without ‘office time’ lags, bureaucracies and delays.

Covid19 is changing the date of doing business all over the globe now. Every business and even governments are now finding ways to solidify the way they want to run affairs online without physical presence but only digital presence.

 

[Donkiz]

The pandemic came with both the good, the bad and the ugly. Everyone knows about the way covid-19 pandemic has affected businesses negatively, but we rarely talk about the positives that came with the pandemic, one of them is online business.

This section of our businesses became more important and popular than ever, prompting many businesses to move online, and working from home became normal. Now we know we can do most of our businesses from the comfort of our home, without spending much on office expenses and staff allowances.

 

[Janita]

Yes this pandemic transformed both the negative and position side because most of the businesses gone down and most of them arise due to fast development as ,to safe each other from next pendamic situation.
If you transformed your business well after Covid-19 so it's great for you and the country both.

 

[EMMANUEL]

The covid 19 pandemic has cause a lot of Chaos and challenges towards the down fall of a business, but for those business that had resources to engage or move to online purchase they have tend to gain from it.
Online patronage has move high because of the present condition at which it is advisable to keep social distance and always avoid crowded area. In view of the people or customer purchase most of their goods online and get it delivered to their door step.

Why local shop will have to go extra mile by keeping all the procedure required. And expense are incurred based on this alone.

 

[Bilal0087]

Business is dependent on time. Time makes money. Due to the pandemic last year, we successfully finally launched 5G globally. You can only imagine how fast business can operate now without ‘office time’ lags, bureaucracies and delays.

Coronavirus has dramatically changed the mentality of Businessman and even normal people. In the lockdown conditions, when people were unable to access physical business they start moving toward online investment and online business and physical business were affected a lot.

 

[Planet408]

COVID-19 effect has the good side of it which I noticed. It made people to be more creative and strategic while staying at home. It also improved sales in online business. Slot of people have learnt to shop online these days.

 

[Kelvin7656]

The COVID-19 pandemic abruptly changed our lives, with social distancing and lockdowns impacting businesses across the world. Enteprises large and small were forced to revisit business strategies, change spending patterns, overhaul their operations and be creative in figuring out how they can survive and operate in the new normal. We witnessed businesses adapt some common major changes during these testing times, which are listed below.

Digital Transformation Is Here To Stay

The pandemic accelerated digital transformation timelines. Changes that were expected to take 4 to 5 years took place within 6 to 12 months. Remote working, virtual meetings and online conferencing are now the norm in many industries. The pandemic forced governments across the globe to impose lockdown measures, leading consumers to make almost all their purchases online. This severely affected brick and mortal retail and even smaller businesses are now exploring online and social platforms to sell their goods.

Most companies adapted easily to the new normal of working from home. This has now become the mainstream choice for many people, as they learn to balance work commitments with domestic demands. Businesses have also discovered the benefits of a workforce that can work from anywhere and at anytime. The financial gains derived from remote working, coupled with increased employee productivity and wellbeing has seen companies consider the future of work after the pandemic.

 

[Abbas007]

Cronavirus was nothing short of a torment in our lives.
This not only caused damage to the business but also disrupted the education system.
If we look at the effects, we will find nothing but negative effects. We cannot even think of the positive effects.