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Demovictory9

(32,454 posts)
Sat Mar 14, 2020, 02:37 PM Mar 2020

Which 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



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Which sectors of the American economy are hurting? Which are benefiting? help me brainstorm (Original Post) Demovictory9 Mar 2020 OP
Toilet paper manufacturers. The Velveteen Ocelot Mar 2020 #1
omg. I left off the number one benefiters... toilet paper and sanitizer manufacturers Demovictory9 Mar 2020 #3
Not really. I'd argue they are uniquely positioned to be hurt intrepidity Mar 2020 #4
I read somewhere that they deliberately don't manufacture a lot at once The Velveteen Ocelot Mar 2020 #5
But all those hoarders won't be buying for months intrepidity Mar 2020 #6
Some of the hoarders are actually price-gouging re-sellers The Velveteen Ocelot Mar 2020 #7
Three of those plants in the Wellstone ruled Mar 2020 #9
Trucking and transportation will benefit as long as the frenzy buying continues, but then Squinch Mar 2020 #2
Any delivery service no matter what for marlakay Mar 2020 #8
Yep, especially no-contact deliveries dalton99a Mar 2020 #13
Maybe these, but.... KY_EnviroGuy Mar 2020 #10
NJ just forced all gyms to close, vitamin ingredients come from india?/China - supply chain has been Demovictory9 Mar 2020 #19
Lysol is benefitting BluesClues Mar 2020 #11
a daughter and son-in-law handmade34 Mar 2020 #12
Airbnb and real estate will be hit dalton99a Mar 2020 #14
I never get much of a raise but safeinOhio Mar 2020 #15
fixed income is better than relying on 401k withdrawals these days Demovictory9 Mar 2020 #20
I think there will be way more harm than benefit tinrobot Mar 2020 #16
call radio this week, restaurant workers were reporting reduced hours due to less business Demovictory9 Mar 2020 #18
Companies that produce protective sanitary gear and supplies. kairos12 Mar 2020 #17

intrepidity

(7,296 posts)
4. Not really. I'd argue they are uniquely positioned to be hurt
Sat Mar 14, 2020, 02:46 PM
Mar 2020

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)
5. I read somewhere that they deliberately don't manufacture a lot at once
Sat Mar 14, 2020, 02:49 PM
Mar 2020

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.

The Velveteen Ocelot

(115,686 posts)
7. Some of the hoarders are actually price-gouging re-sellers
Sat Mar 14, 2020, 02:57 PM
Mar 2020

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)
9. Three of those plants in the
Sat Mar 14, 2020, 03:23 PM
Mar 2020

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)
2. Trucking and transportation will benefit as long as the frenzy buying continues, but then
Sat Mar 14, 2020, 02:39 PM
Mar 2020

will fall off steeply.

marlakay

(11,464 posts)
8. Any delivery service no matter what for
Sat Mar 14, 2020, 03:05 PM
Mar 2020

Benefits, i am ordering more from amazon but food delivery, those grocery shopping services, etc

KY_EnviroGuy

(14,490 posts)
10. Maybe these, but....
Sat Mar 14, 2020, 03:32 PM
Mar 2020
Slowing...

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)
19. NJ just forced all gyms to close, vitamin ingredients come from india?/China - supply chain has been
Sat Mar 14, 2020, 07:35 PM
Mar 2020

disrupted I heard,

Agreed about the personal care shops getting hit hard.

handmade34

(22,756 posts)
12. a daughter and son-in-law
Sat Mar 14, 2020, 03:39 PM
Mar 2020

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)

safeinOhio

(32,675 posts)
15. I never get much of a raise but
Sat Mar 14, 2020, 04:02 PM
Mar 2020

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.

tinrobot

(10,899 posts)
16. I think there will be way more harm than benefit
Sat Mar 14, 2020, 04:12 PM
Mar 2020

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)
18. call radio this week, restaurant workers were reporting reduced hours due to less business
Sat Mar 14, 2020, 07:34 PM
Mar 2020

I can imagine that business around universities/colleges will be hit hurt...those that serve students such as fast food, star bucks

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