How COVID-19 Has Impacted Businesses

By: Natalie Lien

Coronavirus has made large impacts on our world, especially to businesses. Most countries are in shelter in place/lockdown and this has forced everyone, except hospital and essential workers, to manage their jobs at home. This situation could possibly make it difficult for small businesses to stay alive and has clearly brought shock to us all.

Many aren’t sure how large of an impact the coronavirus has on businesses and people should see an example of how much of an issue this is. For example, the Cheesecake Factory, a very well-known and popular restaurant that has been around for roughly 40 years, was telling their landlords that they wouldn’t be able to pay the rent for late April/early May. Clearly, the virus has such a strong effect on businesses that are big and small.

Small businesses, such as the restaurant industry have a really low chance of being able to stay open. Many restaurants have already closed down and the percentage of cancellations have gone higher than ever. Even restaurants that are really popular and/or have a couple of Michelin Stars are closing or perhaps just temporarily for as long as they can stay closed for.

The restaurants that stay open are either doing take out, delivery, or perhaps separating the tables so they’re further apart to make sure people stay a safe distance. Some restaurants have even converted to grocery stores!

Google and Apple are one of the biggest companies in the business industry and have been slightly impacted by the virus too. Although large businesses, such as Google, Apple, etc., have also been impacted, they still have a lot of money to keep their business alive. 

On the other hand, some businesses have increased in money and buyers. These businesses would be from the video game industry. Now that everyone is staying at home, they are bored and want to do something fun. The perfect option would be to play video games (like Minecraft, Brawl Stars, Fortnite, Animal Crossing, and more) and that is leading to a large profit in the video game industry.

If the state was allowed to re-open, would people take the risk? The curve for the virus is still increasing. People with the virus could come to restaurants and infect others. The question is: save your life or save your business?
Bibliography:

https://www.theverge.com/2020/4/11/21216803/apple-google-coronavirus-tracking-app-covid-bluetooth-securehttps://www.eater.com/2020/3/12/21175112/coronavirus-cities-us-impact-restaurants-covid19https://www.bonappetit.com/story/food-businesses-covid-19https://www.vox.com/recode/2020/3/16/21181556/coronavirus-chart-restaurant-business-localhttps://www.cnn.com/2020/03/26/business/cheesecake-factory-april-rent-coronavirus/index.html

 

 

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