The coronavirus Pandemic has captured the center stage for 2020. Companies reluctantly had to adjust to the new normal of social distancing, lockdowns, and work from home to keep operations up and running. Some companies have not been able to make this transition as smoothly as others. They are still struggling while others have comfortably accepted the change and doing well in their businesses.
Steven Fisackerly – An expert in business management
Steven Fisackerly is a business expert and the Chief Operating Officer at STI LP and says that in 2021 there will be only some specific industries that will become more financially viable over others. The year will soon come to an end, and it has been seen that since the Pandemic, tourism has been the most widely hit industry taking a really big financial blow. However, on the other hand, some industries have been really successful and are expected to grow in profits in 2021. As per his opinion, the industries most likely to bloom during 2021 are platforms that deal with cybersecurity and electronic commerce distribution.
Small companies and businesses do have a chance of growing in 2021
Besides the above companies, large firms in the field of Logistics are showing signs of growth and profit. It is anticipated, they too, will be successful in 2021. However, consumers should not presume that small businesses will lag behind during this year. They, too, have space and the chance to bloom as, in his opinion, they have lots of space to thrive in the present logistics, storage, and distribution market. The Logistics industry is currently valued at around $450 billion, which is why it is anticipated to thrive in 2021.
Cybersecurity is in great demand today, and there is plenty of space for others to join
With companies turning to remote workforce, the demand for cybersecurity is likely to grow largely in demand during 2021. Some several companies and businesses are creating technology as well as security in the field. There is room for other companies to join the league as there is a lot of space that needs to be filled in today.
Those keen on cybersecurity can carry out security audits or even administer training to company leaders on preventing the occurrences of cyberattacks in the company. Professionals in the industry can also be trained, and they can later teach company leaders how to stop and battle with cyberattacks in case they arise.
Other essential industries are likely to flourish in 2021
Virtual assistant services and elderly care services are likely to see a surge in 2021. The COVID-19 Pandemic has forced businesses to embrace and adapt all of a sudden to cope with the changing times.
As pointed out by Steven Fisackerly though the transition has been really tough for some businesses, it is not professionally impossible. Some businesses might be taking more time than others. However, with the right attitude and approach with some planning, businesses can learn, adapt, overcome, and subsequently thrive together in the coming year of 2021 with success.