COVID-19’s Impact on Industries
– Advanced Analytics Practice
COVID-19 pandemic has impacted demand and expenses of sectors in different ways. For many sectors, this pandemic is resulting in loss of demand and attrition of existing customers. But for some other sectors, spike in demand and reduction in expenses is observed.
It is important for each company to analyze what may happen post COVID-19 and prepare to mitigate the potential risks. A sector-wise overview is summarized in a 2-by-2 quadrant along the orthogonal dimensions of revenue gain/loss during COVID-19 and stable/unstable outlook post COVID-19. Each sector is placed in a quadrant based on these dimensions.