The COVID-19 virus has now spread to 199 countries and territories, with more than 274 million confirmed cases and more than 5.3 million deaths. Omicron has seen infection rates accelerate, even before the impact of Delta had been fully seen in many markets. The number of confirmed cases in the US is more than 50 million and the US reached a grim milestone recently, surpassing 800 000 total deaths from COVID-19. The UK reported the highest rates of new cases among the top 10 infected countries in the past month. The Omicron variant is rising rapidly in several European countries, including Denmark, Norway, and the UK, and researchers predict that it will soon become the dominant strain in these areas.
The COVID-19 cross-sector impact thematic research report analyzes the impact of COVID-19 across industry sectors. It provides side by side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. The report also provides qualitative analysis of each sector and analyze COVID-19 ’s impact on leading companies.
What is the impact of COVID-19 in various sectors?
The report discusses the impact of COVID-19 on several sectors including aerospace, defense, and security, apparel, automotive, banking and payments, construction, consumer, foodservice, insurance, medical/healthcare, mining, oil and gas, packaging, pharma, power, retail, sports, technology, media, and telecom, travel and tourism, and wealth management.
COVID-19 impact on the apparel sector
The vaccination rollout in Western countries was leading to an opening up of society. With more social occasions and a return to the office for some resulted in new incentives to buy more formal clothing. This has helped boost sales of retailers who have a compelling offer. Luxury retailers have seen boosts to sales, especially in the APAC region. As a new variant enters Europe there is the fear of further lockdowns hitting sales at a peak period, with the prospect of more inflation cutting spending on discretionary items in Q1 2022.
COVID-19 impact on the banking and payments sector
The volume and velocity of channel shifts amid the pandemic has focused retail banks on operational agility. Redesigning core infrastructure to be more modular has helped reduce interdependencies between processes, expediting time to market and limiting overall complexity and cost. As the low interest rate environment continues, agile tech platforms will help banks pivot to new business models, such as Bank as a Service (BaaS) propositions and various types of B2B data sharing and/or enrichment. These alternative monetization strategies will bring data security and privacy into even sharper focus, while financial wellness and ESG considerations will also become more important post pandemic.
COVID-19 impact on the construction sector
Supported by stimulus packages, low interest rates, and other unprecedented policy measures across all major markets, the construction industry is recovering from the severe disruption caused by COVID-19 lockdowns and other containment measures. The infrastructure and residential sectors have been picking up quickly, but the commercial and industrial construction sectors have suffered from a drop in investment, with planned projects being delayed or canceled.
COVID-19 impact on the consumer sector
Consumers continue to retreat within the home as new COVID 19 variants emerge, further fueling at home food and beverage consumption. Consumers continue to prioritize food staples with a long shelf life, household care products, and will likely remain cautious with their spending in the future, inhibiting categories deemed ‘non-essential’.
COVID-19 impact on the foodservice sector
This year, all channels will continue to gradually recover from the impacts of 2020 though consumers remain cautious of both their social interaction and spend, as new variants continue to emerge. Potential future lockdown measures will put strain on both the profit and cost sectors and will place a renewed focus on the home delivery channel.
COVID-19 impact on the packaging sector
Shelf stable food and household care packaging continue to be in high demand, while paper board is anticipated to experience the greatest volume growth this year. Manufacturers should continue to develop hygienic packaging formats as well as packaging optimized for the growing e-commerce channel
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Market report scope
|Key sectors affected by COVID-19||Aerospace, Defense, & Security, Apparel, Automotive, Banking & Payments, Construction, Consumer, Foodservice, Insurance, Medical/Healthcare, Mining, Oil & Gas, Packaging, Pharma, Power, Retail, Sports, Technology, Media, & Telecom, Travel & Tourism, and Wealth Management|
This report analyzes the impact of COVID-19 across industry sectors. It provides side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. We also provide qualitative analysis of each sector and analyze COVID-19’s impact on leading companies.
Reasons to Buy
- Analyze the impact of COVID-19 across industry sectors.
- Side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors.
- We also provide qualitative analysis of each sector and analyze COVID-19’s impact on leading companies.
Table of Contents
Winners and losers
Frequently Asked Questions
The key industrial sectors impacted by COVID-19 are aerospace, defense, and security, apparel, automotive, banking and payments, construction, consumer, foodservice, insurance, medical/healthcare, mining, oil and gas, packaging, pharma, power, retail, sports, technology, media, and telecom, travel and tourism, and wealth management.