Conexio consulting

THE MOST AFFECTED SECTORS DURING CORONAVIRUS CRISIS WORLDWIDE

Negatively affected sectors
AVIATION
Airline companies were the sector that the Corona virus damaged the most economically. According to the International Air Transport Association IATA, the aviation industry could suffer up to $ 113 billion in 2020. This figure means that the airline transportation has decreased by 19 percent. It was stated that the least loss was calculated as 63 billion dollars.
TOURISM
Worldwide travel agencies, hotels, restaurants are in trouble due to Corona virus. Tourist areas are empty because people are afraid of traveling due to the virus. Experts say that the tourism industry may experience the biggest crisis after the September 11, 2001 attack. The world tourism industry is worth 6.6 trillion, which means 10 percent of global trade. It is estimated that only 25 million tourists in China will be afraid of travel.
EXHIBITON AND FAIR
The size of the worldwide fair sector is 14 billion euros. However, tens of fairs have been canceled so far because of the corona virus.
ENTERTAINMENT
Because of the Corona virus, people are afraid to be in public areas. For this reason, concert, theater and movie theaters remained empty.
RESTAURANTS AND CATERING
Hygiene is essential to avoid corona virus. For this reason, people do not prefer to eat out. Restaurants and catering companies report that their customers fell by an average of 38 percent.
FINANCE AND BANKING
One of the sectors that the Corona virus is most affected by is banking. Banks have been in a difficult situation because the majority of customers cannot pay their loans. The European Central Bank is already keeping interest rates at zero percent.
COMPANIES WITH A GLOBAL DISTRIBUTION NETWORK
Companies in all sectors trading globally have a hard time due to the corona virus. All sectors from textile to automotive were negatively affected by the corona virus measures in China. 90 percent of the world trade network is made over the sea and oceans. 7 of the world’s 10 largest container ports are located in China and shipments cannot be made due to the corona virus.
OIL COMPANIES
Crude oil prices in the world rapidly declined due to the Corono virus. The price of barrels of crude oil decreased to $ 30. While the planes remained at the airports, the ships anchored at the ports.

Positively affected sectors
RETAIL AND E-COMMERCE
Many people who did not go out went to online shopping. This caused the e-commerce sector to expand in the market. Especially retail companies such as Walmart and Costco in the USA are expected to be the winners of this period, as they are the most referenced institutions in home order. The shares of e-commerce giant Amazon have increased recently and Jeff Bezos, the founder of Amazon, added $ 24 billion to his fortuneSwiss-based investment bank UBS analysts said that; Besides Amazon, China-based e-commerce company Alibaba and technology companies Netflix, Alphabet and Facebook are waiting for the rise.
WEB BASED SOFTWARE AND APPLICATIONS
Schools were closed as part of the measures taken against the Corona virus, and some companies switched to home-office work. This increased the interest in web-based applications and software especially in terms of communication. There has been a 15-fold growth in video speech applications used especially for distance education and meetings. The fastest development in this category was the EBA, MEB’s distance education system. On the other hand, Webex, owned by Cisco Systems, whose headquarters is in the USA, and Zoom Video Communications, based in the USA, are among the companies that have been on the rise during this period, when working with the epidemic increased as the two video teleconferencing companies. In addition, applications such as Microsoft Teams and Slack are used quite a lot. Slack’s shares have also risen above 30 percent since February.
CLEANING AND HYGIENE
Experts in the fight against the corona virus have drawn attention to the topic of hygiene from the very beginning. Products such as cologne, hand disinfectant and hand soap were among the products that consumers showed the most attention in this process. Especially the fact that many people stock their products and the full depletion of the toughs in the market caused the cleaning companies to increase their production capacity. According to most news institutions, these were the fastest-running products in supermarkets around the world.
GAMING
Alongside TV series or music platforms, interest in games has increased. The companies that are game manufacturers stated that consumers’ spending for the game increased. In the game industry; Activision Blizzard and Take-Two Interactive companies are at the leading position in the USA.

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