If you are reading this by now, you already know about the pandemic Coronavirus (coVID-19). With the increasing number of active cases at the time of writing was 338, 724 and deaths were 14,687. Due to this worst condition, worldwide business becomes standstill. Many most populous counties also support lockdown and businesses forced to work from home to avoid the spread of this disease. Smaller businesses are taking a way bigger hit than anticipated or reported.
Global stock markets have collapsed, businesses shut down and these cases are escalating by higher than 14,000/day.
It seems that coVID-19 has become one of the biggest enemies of the business trends with a huge loss in almost every sector and witnessing the highest boom recorded; while there are others seeing a slump. In this condition, the top mobile app development companies help you to make your business online and make a mobile app for your business.
This condition simply depicts what business you are doing, no matter, you are more likely to get affected. It is estimated that the global economy going to hit $2.7 trillion.
Businesses are likely to struggle for a while- even if the number of new cases per day reduces. Majorly because businesses are going to need time to make up for their losses.
For example, if we talk about China, it’s the unemployment rate at 6.2% and retail sales falling by 20%.
As per Neilsen’s Report, in the 4th, 5th and 6th stages of this deadly disease, the online industry is booming. In the 5th stage, when everything is in lockdown, more and more businesses will be entering in the online zone because of the quarantine period. It is in the 6th stage which is the recovery stage in which normal lives will resume but with higher safety measures and precautions in terms of health and hygiene.
Let’s discuss what’s working for the on-demand industry and what’s not.
The grocery industry has probably seen the utmost surge worldwide against the all. Grocery delivery apps like Walmart and big basket typically see about 20,000 downloads per day. It was the data until February but according to the recent report downloads per day increased abruptly.
The demand for online grocery delivery right now is more than ever and this seems an adept time to take your grocery store online.
The food delivery market is the one who faces the biggest impact. The number of daily download apps has seen a massive decrease rate. The number of downloads of food delivery apps faced a big fall globally in mid-February in various regions. In some places like India, it was working fine till March until completely lockdown declared in this region. Nowadays, people are considering cooking at home a much safer option than ordering out. Instead, food ordering apps like Zomato and Swiggy, etc, are offering “contactless deliveries” for the safety measures and prevent a business from huge loss.
For example, McDonald’s recently published on its official website in some regions that they will be following “contactless deliveries” during the outbreak of this deadly disease where customers order remotely via mobile phones or by computer in-store. Furthermore, an employee seals the meals in bags and put them in a special spot for pickup without any human interaction.
The idea is new, sort of practical but the industry is still struggling for more powerful combat. But this sounds like the right time to take your restaurant business online; making sure your customers know exactly all the healthy practices you’re adopting.
Although, it is a lockdown in almost every country,
the online entertainment industry is set for a guaranteed boon. According to QuestMobile, the short video sector saw a record of 569 million daily active users. Netflix and Amazon prime app downloads have been increased suddenly. With the virus forcing the live venues and cinemas to shut, Chinese video streaming sites are having musicians perform virtually; along with movies premiering online. During this tough situation, most of the people depend upon these online video-streaming apps. No doubt, these apps are definitely helping the people to make isolate themselves during this tough situation.
The top mobile app development companies can also help you to make online video streaming apps if you are willing to start your business in this sector.
HOME CARE SERVICES
Scientists globally have repeated that the old and others those have lower immunity, in general, are more susceptible to catch this virus. With almost double the people isolated than analyzed; furthermore the lockdown, the aged and children are left without any caretaker. At a time like this, home care service providers are much-needed help and facilities. Ambulance booking apps are in a bid to do fairly well along with Home Care Services apps.
According to the study and reports based on Quick Sprout, the industry which hit in a bad way is Travel. The impact of the CoVID-19 Corona Virus on world tourism is unquestionable. There was a 48% drop in online traffic for travel websites. No doubt, the travel industry is one of the largest industries in the world with $5.7 trillion in revenue. It is responsible for an estimated 319 million jobs, or roughly one in 10 people working on the planet. And no sector is more at risk from the novel coronavirus.”
Business traveling is completely restricted with 180 million Chinese passports and 100 million US passports held. Conferences that bring more than 100,000 people each other are being canceled and border are being locked and the fact that the largest global travel show in itself stands canceled is in fact telling.
The International Air Transport Association (IATA) estimates that global air transport revenues will be reduced by 5% this year, which means 29.3 billion dollars less (about 27,000 million Euros), while OPEC has lowered global demand of oil to 19%, 100.73 million barrels per day
REMOTE WORK APPS
Amidst lockdown, tech companies both in India and major global stations have introduced a work-from-home structure. MNC like Microsoft, Zoom, and Google is demanding to keep up with the requirement for their free work-from-home software these days. Thus, clearly remote facilities apps are set for a boom. Schools, colleges and companies are shut down to prevent this extremely harmful virus around the world. It is aiming towards more drastic measures to contain the spread of the virus. Cancellations, quarantines, and work from home policies are greatly impacting the need for chat and video conferencing software to try and maintain some semblance in an otherwise fidgety business sphere. Social distancing is the only solution to fight this disease.
Microsoft’s software saw a huge increase in meetings calls and conferences i.e. 500%. Google too has offered its premium video conferencing software free of cost to use through July 2020. Zoom usage is also up more than 20% in the last month.
Employee safety is paramount, but mechanisms are ineffective
Policy making at many companies is disorganized, especially at those that haven’t yet seen the coronavirus directly.
Many companies based on professional-services and tech companies are very old-school. Thus, their protection mechanisms often add to the perception of safety without actually keeping people safer. For instance, many big MNC, check the temperature but it is not the most effective form of screening and given that virus may transmit asymptomatically. Asking employees to stay at home if they are not feeling good to reduce the transmissibility.
Such policies are more effective if employees receive compensation protection—and insulation from other consequences too.
Many companies are not thinking about the second-order effects of their policies thoroughly. A ban on travel automatically encourages the work-from-home policy otherwise more crowd leads to the high risk of the transmission of this disease.
Others are adopting company-wide policies without thinking through the needs of each location and each employee segment.
There are many businesses that have a good customer base but they do not have an online app. In many cases, there are many businesses that are facing huge losses due to the dropping of their sales. In both cases, people should focus on online businesses to provide online services or products to their customers. Being a top mobile app development company in India, we will develop a mobile app for your business, if you do not have. We can also help you to enhance your brand awareness. We can also help you to provide you some business ideas so that you can rise your business once again in the future and beat your competitor in the marketplace.
Soon, we will be focusing on solutions on how to stay afloat during this time. There are a number of ways through which you can uplift your once again and mobile app development is of them.
Our team at Richestsoft is more than driven to offer you a perfect solution to get your business online. Get in touch to get a coronavirus antidote for your business.