General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhich sectors of the American economy are hurting? Which are benefiting? help me brainstorm
My list of sectors getting hurt the worst:Anything travel related with Cruise lines at the top
Cruise lines
Airlines
hotels
Uber / lift employees say they are losing trips to and from airport
Gas companies are Americans drive less
Entertainment
Entertainment employees are getting hit hard (musicians, live theater workers, actors)
Restaurants (Chinese restaurants are getting hit hard)
Businesses associated with education (colleges are cancelling catered events, travel, dorm life).
Public schools closing - how does this impact businesses?
American economy sectors that are benefiting:
Supermarkets / big box stores
online entertainment platforms as AMerican stay home
child care businesses as publc schools close
The Velveteen Ocelot
(115,686 posts)Demovictory9
(32,454 posts)thank you!
intrepidity
(7,296 posts)There's only so much TP people can/will use. If they increase production now to meet short term demand they will be left later with a glut and have to lower prices.
Unless, for example, people start using TP to make masks...
The Velveteen Ocelot
(115,686 posts)because the normal demand is steady and predictable and nobody wants huge inventory sitting around. Once the panic buying subsides they can go back to their normal production schedule.
intrepidity
(7,296 posts)So even normal production will be excess, imho.
The Velveteen Ocelot
(115,686 posts)who have managed to scare people into paying $5 per roll or more and $50 for Purell. But since the larger on-line sellers are now cracking down on this, the price-gougers will be the ones stuck with a ton of TP, and everybody else will be back to shopping as usual. I'm sure the producers will know how to adjust their output accordingly.
Wellstone ruled
(34,661 posts)Green Bay Area shuttered in the last year. Production moved to Norway,Finland,Mexico,South Korea,and China as well as one South American nation.
And a Plant in Louisiana is scheduled to shutter in the near future.
Squinch
(50,949 posts)will fall off steeply.
marlakay
(11,464 posts)Benefits, i am ordering more from amazon but food delivery, those grocery shopping services, etc
dalton99a
(81,485 posts)KY_EnviroGuy
(14,490 posts)Doctor's and dentists offices (people normally going for routine work afraid to be exposed).
Personal care shops: Nail & hair salons & barber shops where touching of the person is involved.
Gymnasiums, spas & indoor pools (afraid of exposures).
Gasoline outlets and distributors, as travel slows.
Car and truck sales.
Growing.....
Estate attorneys (wills, etc.)
Any business with drive-through service.
Sadly, funeral homes.
Companies selling dietary supplements, herbs and essential oils.
----------------
The big stuff hasn't even begun. In my town, we have two huge auto assembly plants, a huge appliance manufacturing park and an enormous UPS hub. If any of those have to shut, the entire region will be in very bad shape and fast.
KY........
Demovictory9
(32,454 posts)disrupted I heard,
Agreed about the personal care shops getting hit hard.
BluesClues
(14 posts)Purell too I guess
handmade34
(22,756 posts)have a cleaning business... talked to her yesterday and she's not sure how they will be impacted but I think they will do ok... one of their clients is MSU and there hasn't been any change so far, even though they have gone to online classes (they primarily clean dorms/apartments during changeover)
dalton99a
(81,485 posts)I bet not many open houses have traffic right now
safeinOhio
(32,675 posts)very happy to be on a fixed income I can count on.
A couple of side gigs that are more fun than cash. At least break even with a once in a while score. Lower gas prices will help me a lot.
Demovictory9
(32,454 posts)tinrobot
(10,899 posts)When a large workplace or school sends people home, all of the surrounding businesses are impacted, which in turn, impact others. The follow-on effect can be huge.
That lost income then takes money out of sectors that would normally thrive.
The only upside is for companies who might profit from people staying/working from home or from those profiting off of the sick (which I hope doesn't happen)
Demovictory9
(32,454 posts)I can imagine that business around universities/colleges will be hit hurt...those that serve students such as fast food, star bucks