Year 2020 has never been so forgiving; the world witnessed a sudden temporary and exhausting pause in terms of social and economic meltdown that plummeted us by surprise. Covid-19 hit the world by storm and brought us rock bottom.
We endured a great squandering of livelihood specifically businesses. Jobs were lost, most small and businesses were either shut down or needed to lay- off employees just to sustain and cope up with high purchasing demands with limited number of customers willing to shell out for goods and services.
As much as the world needed to reopen and regain what was greatly lost, it was a grave risk to compromise both its citizen’s health safety and the burden on the heath sector’s capacity to operate and cater to an increasing number of possible COVID-19 patients if ever easing of social restriction will be implemented for the sole sake of re- opening the economy in general.
In the US alone, there was a rise in unemployment rate, shattered corporate profits, and devastation of the stock market leading to possible economic and fiscal deficit that may pose a threat to both domestic and international trading affairs on its current financial vulnerability.
The world literally hangs itself by a thread and no concrete solution has been devised to address such catastrophic adversity that caught the world by surprise.
This Pandemic tested the resilience and adoptability to each and every individual in making new concepts in utilizing the new normal. In an economic standpoint, considering jobs and businesses were lost and attenuated, we pioneered different mechanism that would embrace the harsh reality of the new normal and develop ways in order to regain and have the economy back up and running to its former status.
E- Commerce
One aspect in identifying an effective trade mechanism is E- commerce.
Practically is the most predominant factor in conceiving and communicating standard information to the public during lockdown.
We mainly use this platform to keep consumers posted and aware despite having malls and stores closed for businesses, online transactions are great options in delivering significant commodities to interested consumers worldwide.
Digital Marketing
Another crucial mechanism is Digital Marketing. With new emerging mobile applications and websites this is no doubt the new face of online marketing approach.
From social media and targeted advertising analytics to web content designed for online purchasing, this program enable searches online to be more accessible, convenient, and available to all walks of life.
Drop Shipping
In addition, who can ignore the increasing number of people who took advantage of Drop Shipping?
As people stayed indoors for safety purposes, online delivery services became a hit to everyone resorting to a substantial rise of demand in both commodities and essential goods that are readily available for consumption.
Virtual Education
And to sum it up, Virtual Education definitely will complete the list. As most schools, colleges, and universities gone virtual, students have the opportunity to continue their education at home.
It is vital that regardless of the present threat of Covid-19, education should never be compromise and instead, mapping out and putting together programs that will motivate students to continue learning at the comfort of their homes.
Final Words
Surely, Covid-19 made us rethink how vulnerable we are but it doesn’t hinder us in making up certain methodologies that can both compliment and contribute to what needs change and adapt to what needs alteration and embrace new systems for preferable outcomes.