Education & Work What Businesses will decline or thrive with a Corona Virus driven Recession

Discussion in 'Living Room' started by Gockie, 17th Mar, 2020.

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  1. Gockie

    Gockie Unicycle - get exhausted but never two tired Premium Member

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    We know the travel industry has been doing it really tough with the Corona virus.

    So what else can we think of that is affected?
    Cafes, restaurants
    Anything involving large events and large groups of people (even my volleyball association and State Volleyball NSW has suspended all activity till end April at this stage)
    Short term stay businesses
    Anybody relying on the crowds for payment
    Manufacturing of many things (particularly if parts are imported)
    Most discretionary spending
    Businesses providing leisure or non essential training activities involving groups of people

    What will thrive?
    Nursing
    Supermarkets (I hear they are looking to take on heaps of casuals)
    Manufacturers of basic grocery lines
    Cleaning services
    Government health services
    1-1 Student tutoring? (Maybe?)
    Personal childcare (maybe if schools are closed?)
    Food home delivery services
    Scientific activity to get to a cure
    Businesses that encourage Home entertainment (hmmm... Condom manufacturing?)
    Face mask manufacturers
    I know the lists would be way more extensive, but this is a start.

    I work for a EAP provider, I'm thinking this business may be recession proof/in higher demand due to this virus (a lot of the business we have is Government)

    What else can you think of on both sides of the coin?
     
    Last edited: 17th Mar, 2020
  2. Lizzie

    Lizzie Well-Known Member

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    Thrive ... funeral homes
     
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  3. geoffw

    geoffw Moderator Staff Member

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    There's talk of unemployment doubling. If that's the case, everybody is going to suffer.

    I think supermarkets are only going up in the short term. Once things start to improve with COVID-19, people will start to use up their stockpiles.
     
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Telco - new installations, NBN, fibre upgrades, 5G mobile roll-out & repairs/maintenance.

    Laptop sales

    Uber-eats type gigs
     
  5. Vassago

    Vassago Well-Known Member

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    IT has been bonanza. All businesses getting setup so that workers can work from home. Our local laptop shop said was business as usual up till Friday then just mayhem.

    IT consultants probably busier during this period with more IT issues from people working at home.
     
  6. Peter_Tersteeg

    Peter_Tersteeg Well-Known Member Business Member

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    Anything tourism related is in for a rough time.

    Tech companies catering to online collaboration are doing quite well at the moment.

    The businesses catering to 'preppers' will likely do very well over the next few years. It wouldn't be surprising if a lot of people had a household 'survival kit' long after this is over.

    DIY easy to plant backyard veggie patches would probably get some attention in the future.
     
  7. geoffw

    geoffw Moderator Staff Member

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    In about three months time, divorce lawyers will probably make a killing.
     
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  8. Trainee

    Trainee Well-Known Member

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    In nine, obgyns.
     
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  9. Trainee

    Trainee Well-Known Member

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    Someone told me officeworks sold out of monitors.
     
  10. geoffw

    geoffw Moderator Staff Member

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    I didn't know that they could sell them.
    koh-samui-monitor-lizards-8-1120x840.jpg
     
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  11. Tony3008

    Tony3008 Well-Known Member

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    Possibly not: There's no point in spending up on a fancy funeral if no one is going to come. Might as well go for the $2500 no-frills direct cremation and have a memorial celebration at a later date.
     
  12. Lizzie

    Lizzie Well-Known Member

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    Anything to do with personal connection will really suffer. Massage therapist friend has to cancel all her foreseeable appointments
     
  13. geoffw

    geoffw Moderator Staff Member

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    Many people requiring care in their homes will suffer. There are reports of NDIS carers not turning up for shifts - on top of having difficulties getting supplies.
     
  14. Traveller99

    Traveller99 Well-Known Member

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  15. Propin

    Propin Well-Known Member

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    I’m actually thinking less contact may be safer also- a hard one!
     
  16. KinG3o0o

    KinG3o0o Well-Known Member

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    Actually cafe and restaurant in my local area said business never been better because everyone is working from home
     
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  17. Propin

    Propin Well-Known Member

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    Looks like plumbers may thrive as people flush whatever they can get down the toilet
     
  18. George Smiley

    George Smiley Well-Known Member

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    Playstation Store might be doing a roaring trade over the coming months as stuck as home gamers purchase more games to play.

    Brothels and massage parlors must be doing it really tough now.
     
  19. Fargo

    Fargo Well-Known Member

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    PushPay church communication and collections is thriving yet is 40% cheaper go figure ! Zoom video conferencing is booming and is up 20% in last month. NVIDA could do well and is cheaper now, who provide GPU's Graphic processing units) for gamiing, Tesla, smartphones etc and develops SoC's (systems on a chip) chips for mobile and automotive computing.. Netflix seems like a no brainer
     
    Last edited: 18th Mar, 2020
  20. Fargo

    Fargo Well-Known Member

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    Some medtec and biotec stocks should do well, Teladoc, ALC, NAN. ETF, CURE which has companies in it which are developing or testing corona virus vaccines and immune and genetic related tecnnology bit risky picking one out.