1. Health supplies
As hospitals treat more patients, it’s not only medical staff who are busy. Suppliers of essential equipment are also seeing big increases in demand. Manufacturers of medical equipment, of course, but also the information technology (IT) that has become essential to modern patient care.
An Australian IT channel professional supplying technology to hospitals says, “I’ve never seen anything like this. Demand is outstripping what we, or anyone else in the global industry, can provide. Hospitals are increasing their capacity with Critical Acute Care units and need our specialist equipment to support medical staff. We’re delivering it as fast as the factories can make it.”
Manufacturers that can adapt their production lines to make vital supplies are also thriving, like LVMH, which is now producing hand sanitiser in its perfume factories. JCB, which usually produces diggers, will convert its factories to make the steel housing for a new ventilator designed by James Dyson.
Local manufacturers are benefitting from Australians being motivated by the crisis to buy local. A cleaning consultant for a local cleaning products manufacturer says, “We’ve seen increased demand, and while much is due to the need for hygiene, customers are also telling us they’ve been wanting to use Australian products, and this situation has given them the final push.”
3. IT for education
As schools move to remote learning, online platforms like Google Classroom are thriving. So are the companies that provide the necessary IT equipment, including networking and laptops. What’s more, the World Economic Forum (WEF) forecasts that the rise of online education will bring long-term changes to the way we teach and learn.
4. Remote work and social platforms
Online meetings from home, and social interaction by video, have rapidly become the new norm. This is reflected in the massive growth of platforms such as Zoom, whose downloads rose to 2.13 million per day on 23 March 2020. Only two months ago, they reported only 56,000 downloads a day.