This post is contributed by Kate Sanders.
For some businesses, and even whole sectors, things have been pretty grim in the face of the Covid-19 global pandemic. Some have shut down their operations, while others have been forced into massive layoffs, and according to this special report, small businesses have been hit hard.
For others, it’s business as usual and even better. Some businesses are actually thriving now, more than ever, and expect to continue blooming while this pandemic persists.
That these businesses, spread across different sectors, help people to maintain social distancing is a striking commonality.
Getting down to it, here is a look at some of the top companies that have, and continue to thrive during this pandemic
Amazon
In an effort to avoid public places, including physical stores, customers have shifted to online retailers, which has seen the e-commerce space expand greatly. Amazon has been one of the biggest winners, with the consumer demand hitting an all-time high.
Amazon has positioned itself to thrive in these times as it provides a wide range of products. From food supplies to household essentials, whatever you may need, you are sure to find it on this e-commerce platform.
Clorox
Disinfect. Sanitize. That’s one of the guidelines that’s been provided that will help to control the spread of the virus. Cleaning products such as disinfectant wipes and bleach have become fast-moving goods, and that is why Clorox, a manufacturer of these products, is thriving.
Clorox is a household name, which is why, even as cheaper products continue to come into the market, the consumer demand for Clorox’s products remains on the up and steady. The company’s stock market value has grown in the last couple of months, and the graph is expected to keep growing.
Zoom
So many communication tools have become invaluable as more and more people work and study from home. Zoom ranks high up among the biggest breakout brands these past couple of months. Following hot on the heels of Zoom Video Communications among the breakouts is Slack Technologies Inc.
The video conferencing tool hosts an average of 300 million meeting participants each day, with the numbers only expected to grow. These meetings are for work, school as well as social groups like friends and family. The company’s stock market value is through the roof, up to 120 percent this year.
Netflix
Home entertainment streaming service Netflix continues to grow in popularity as it records a high number of new subscribers. Subscribers are especially appreciative of Netflix’s vast back catalog since most shows have halted production for now.
The mass popularity of specific shows on Netflix has contributed to the ever-increasing growth in subscription. A show gets so much hype on social media, and everyone wants to see it for themselves and end up looking at what else the streaming service has to offer.
The company has also announced an extension for Google Chrome, known as Netflix party, that allows for hosting virtual movie nights. You can, therefore, catch your favorite shows and movies with friends and family wherever they may be with this extension.
Activision Blizzard
Activision Blizzard leads other video game companies in banking big on the increase in the number of copies of their games that they have sold. Call of Duty: Modern Warfare, a release of the giant video company that came out in September 2019, has so far sold better than the other games in the Call of Duty series.
Everyone is looking for a fun distraction while at home, and playing games provides precisely that. Besides video games, people have been playing the lottery online and bagging exciting prizes as they have some fun.
Peloton
The pandemic has seen gyms and exercise studios close their doors. People are now working out from home, driving the demand for exercise equipment and fitness apps. Peloton, which sells exercise bikes and treadmills, has been a big winner.
Revenue from the sale of the in-home exercise products has grown, as has the membership and subscription for its app and streaming service. As people strive to lead a healthier lifestyle, the numbers are expected to continue growing for Peloton.
Healthcare Companies and Pharmaceuticals
This last one on the list covers a sector as opposed to pinpointing a particular company. Face mask manufacturers continue to grow as consumer demand for this protective wear remains. Different pharmaceuticals have also benefited from an increase in investments towards developing testing kits for the virus. There is also the global race to develop and produce a vaccine.
Stock market value for these big companies is expected to continue increasing. Big names aside, there are opportunities that smaller businesses can explore to get unstuck even in these hard times occasioned by the pandemic.
This post is contributed by Kate Sanders.