Wednesday, April 29, 2020

Top 7 Most Affected Sectors due to Coronavirus

The outbreak of corona virus is facing the whole world. almost complete world is under lockdown condition. This pandemic has divided the world into two parts, one is pre-pandemic world and post pandemic world. The COVID-19 pandemic is devastating lives and livelihoods globally. This outbreak has immense effect on whole human lifestyle in most of the sectors. these are some important sectors can be destroyed in less more manner.


1.Private Jobs


       The private job sector can be most affected one. However,  more than 20 Million Americans have lost their jobs in past few weeks. Most of the MSME industries and thousands of new startups possibly can be bankrupt. The all eyes would be looking for the condition of jobs after pandemic.  


2. Retail

        There are 13 Millions retails outlets in India which makes it the worlds largest retail zone. Due to lockdown 95% retail stores have shutdown. Daily wage workers are facing critical situation, so this can be one of the major affecting sector.

3. Travel


         Travel Industry is on hault Amid pandemic. As said earlier the whole world is in the home. All flights as well as transportation have been stopped until unknown period. Major airline companies are working in the drastically recession period.

4. Automotive Industry



         The Automotive Industry was previously affected in pre-pandemic world due to several reasons. the sale of most of the automotive giants have been drastically diminished. In this pandemic they are affected even more than that. The main reason is the one that millennial are under lockdown.


5. Cinema Industry



      The people of film industry are not different than common people that's why this has affected at its most. Social Distancing is the only measure to keep away corona from ourselves till now. Social gathering is totally prohibited by all the governments. Unless there complete washout of this outbreak there wont be any film production or commencement of cinema halls.


6. Live Sports




               As Social Gathering  is banned by all government until unknown time, live sports especially ground sports like cricket, football, golf, hockey etc. A lot of lives are dependant on these kind of sports except sportsmen like groundsmen, security etc. they have hit the most. 
         Some sports committees have trialed a new concept of playing a match without single spectacle. This method can be incorporated in future.


7. Oil and Gas Industry 



        Everyone knows the crude oil prices has fallen down in negative. This condition hasn't occurred in the world history, resulting most of the oil reservoirs of every nation are full thus hitting daily wage workers of this industry. This is one of the major sector which has affected most.


        There are few more sectors which are also badly affected amid COVID-19 outbreak except these above mentioned sectors. On the other hand, few booming sectors which were underrated previously have come up with new hope.