Jan 08, 2022 · Partners
As the old saying goes, when one door closes another opens. This ongoing epidemic has shocked the world. As previous Microsoft CEO Bill Gates once said, “We [were simply] not ready”. From the year 2019 to 2021, many employers have experienced some of their roughest and toughest years in their business. Around the world, establishments have had to lay off their employees as business operations and demands have changed. On the other hand, there are companies that have successfully pivoted during these difficult times and are hitting their stride. Here’s an overview of business models and companies that have adapted and thrived during these trying times.
During the lockdown, food delivery and meals-to-go have become a hit, addressing people’s appetites while keeping them safe. Grubhub, Uber Eats, and Doordash became a lifesaver for those in need of meals and also for those who needed substitute work. Just order using your mobile phones and voila, you can still enjoy your favorite nuggets without exposing yourself to the virus.
If there’s any businessman/business model capable of adapting to any situation, Amazon and its CEO Jeff Bezos have proved it time and time again. It’s a far cry from starting as a virtual bookstore in your garage to having a net worth in the 12 figures. As of December 2021, Amazon is now worth more than 203 billion dollars. Walmart, eBay, Etsy, Wish, and Best Buy have also been reaping the same success with their online retail shopping operations.
Most companies have required their employees to work-from-home at some point in the last two years. Online meetings are one of the only options for business owners to stay in touch with their employees and maintain their operations. Cisco and Citrix offer video conferencing apps with Zoom taking the lion’s share of success and growth. These apps have expanded their audience to include teleconferencing, telecommuting, and distance education.
While gaming is just a stress reliever and hobby to some, it is ultimately a lifesaver for others. Dota 2, Valorant, League of Legends, NBA 2K Genshin Impact, and Among Us, are video games that gave people a feeling of escape during strict lockdowns and curfews. Mobile and computer games allow people to connect with their friends online and give us all something to focus on instead of worrying about the harsh reality of the epidemic. Video game revenue was estimated at 180.3 billion dollars in 2021.
Resources:
US Chamber of Commerce - The Delivery App Landscape Is Changing and Sustaining Businesses During COVID-19
Playback.fm - Jeff Bezos' Net Worth Today is... $203.48 Billion
The Pipeline - Zoom Becomes Video Conferencing Leader During COVID-19. Why?
Newzoo.com - The Games Market and Beyond in 2021: The Year in Numbers
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