Self-quarantine and social distancing are the major words that we all are hearing during the pandemic that many of us were not aware of. It seems like our lives are revolving around it only to keep us safe and away from the coronavirus pandemic.
COVID-19 has altered the way we used to live and connect with the people or services around us. It is changing our lives dramatically in each segment since we all are locked at homes without major time to get ourselves prepared.
The lockdown was the necessity of time that is halting the lives and businesses. As a matter of fact, the stock market is facing the biggest loss due to the coronavirus, companies are shutting down, employees are facing a drastic decline in opportunities, and so on.
We can say that we are or going to reach the stage of recession if situations are not controlled and precautions are not taken. It is like the uncharted waters and uncertain times that are making people panic.
However, this outbreak of pandemic has altered the way a few businesses were working. It is not going to be the change in the present time but for the coming years as well, coronavirus will change the way we look and feel about businesses.
The only thing that is supporting people around the globe is contactless interaction and doorstep deliveries. This has a dire impact on the industries that are making customers lookout for alternatives.
If you are looking for “How on demand apps are affected amid coronavirus” then you need to get some facts clear. We are in the middle of social distancing or you can say physical distancing era that is making everyone maintain at least a 6-inch distance.
In addition to this, the customers are scared to come in contact with anyone and are now changing their habits to get accommodated with the pandemic. We are moving on survival mode and are depending on the on demand industry to meet our needs.
On demand has come up as the major gamechanger in the present time that is making customers dive into the convenience. The customers can simply order anything online and get the products delivered at the doorstep while maintaining the norms of distancing.
These are the current scenarios. What about the post-pandemic impact on industries? How are customers gonna react to the on demand industry when one’s pandemic is over? What about business? How are they gonna cope up after facing this huge pandemic?
Let us explain it all to you step by step.
Why On Demand Industries Are Thriving In The Present Time?
Even amid COVID19, the on demand industry is knocking a bit higher and moving at a great rate. Since customers are locked at home, they now depend upon on demand services to ensure that they can get all the products at home while maintaining social distancing.
Another reason why on demand app development is thriving since the customers don’t have to step out of their homes for their choices of availability. Let us dive into the world of on demand in detail.
#1 Social Distancing
Why is demand thriving amid the pandemic that the world is going through? The answer is simple, people love social distancing that is making them order a product with a few taps and deliver them at home.
When it comes to the post COVID world then there is nothing major that you can do since customers are already getting dependent upon on demand apps. However, the on demand business can adapt to different services from grocery to food, fuel to beauty. This makes them get the best services at the confinement of their homes.
#2 Expansive Offering Sets
The on demand offers a massive extent in terms of the economic sector that is growing at a tremendous speed. Each and every business is now moving towards on demand apps due to its increase in popularity due to its increase in demand that has a huge impact of COVID19 on startups.
Coronavirus has increased the online presence for customers since they are ordering the products online and getting it delivered at home. This opportunity validates the business to expand their business in the market to cover everyday life requirements for customers.
#3 Home Delivery
As mentioned earlier, on demand apps don’t require customers to step out of their homes since they can get everything delivered at their doorstep without contacting anyone. However, service providers get in touch with different vendors to sum all the services in one place for customers that can get products in real-time.
#4 One-Step Multiple Choice
The impact of COVID19 on business apps is extremely high that is altering the way businesses interact with customers. As mentioned before, customers love all products at a single place and what can be the better way than on demand apps. It allows customers to browse from the options and conveniently order products from different choices.
#5 Convenient & Quick Stop
The coronavirus pandemic has made people go for the on demand apps but they only watch out for the ones that are reliable. You can’t get groceries on the app that only sells medicine. So, it depends upon the requirement of the audience that makes them go for on demand apps. The fact is that due to uncertainty the panic is increasing and customers are flocking to shop. This is making a few customers face out of stock for regular supplies. This issue must be solved with accurate on demand apps.
Industries That Will Thrive In & Post COVID19
There is no doubt that there are a number of tech tools to help coronavirus pandemic. Especially the small scale businesses that are thriving at a drastic rate. The small-scale businesses are coming forward amid the pandemic.
To get a better idea about other businesses amid COVID19, you can go through these blogs.
- Why invest in online news app amid coronavirus
- impact of elearning apps amid coronavirus
- COVID19 tracking apps
- impact on fitness apps due to COVID19
- how chatbots providing COVID19 information
With this said, what are the businesses that are going to grow? We might not be sure but evergreen and conventional businesses might actually grow during the pandemic. Let us walk you through some of them to give you a better idea.
#1 Evergreen Business
The small businesses that are going to grow are the ones that are evergreen in nature. There is no stopping those businesses since customers will always depend upon such products. It can be due to the increase in the popularity of food and grocery, cab sharing, delivery-based services, plumbing, and so on. The services that are going to stay are the ones that are increasing and going to see a hype amid COVID19.
#2 Conventional Business
Not everyone is going to survive amid the pandemic but they are slowly making them adopt the new technological industries. This is directly impacting the economy of on demand business. For instance, the in-house dining of restaurants is not going to be the same for home deliveries as it was before the pandemic. Even after the pandemic is done, it will take the business a lot of time to bounce back since customers will vary from eating out. This is going to be a downturn for business since customers will feel safe in the quarters.
#3 Weathered Business
These are the businesses that are dealing with the coronavirus by adopting during these difficult and uncertain times. They are not flourishing or growing but are slowly adapting what is best for them. Post-COVID, these apps are going to grow even after the hit. This will have a huge impact on the on demand economy such as car-sharing apps, etc.
As the leading mobile app development company, we understand the valuable asset that businesses offer to the customers. Hence, during and post coronavirus pandemic, it is vital to take necessary measures that can help them grow.
It is essential to grow and maintain the relationship with the customers even during the uncertain time. So, businesses need to take preventive measures to foster the relationship to ensure that the economy is not doomed.
Advancement Of Startups
During these uncertain times, the on demand economy is advancing but so are the startups. They might have faced a big issue with the venture capitalist but now after the difficult times, the businesses will reach a stage that can save the economy.
The companies need to embrace different ventures to enhance in their own ways and help others along the way. Due to this, the startups are facing an advancement in the mobile app world and new projects are being started during these uncertain times.
The motive is to work on rebooting the on demand economy and working on a V-shaped trajectory due to help unemployed workers. This has enhanced the startup game that is working on progressing the economy and rebuilding the business world.
You can consider it as a take-off for the rocket for the startup industry that is growing at a great rate. The best thing that businesses can do during this time is to be ready and build a crucial relationship that can have a long-lasting effect.
With this said, let us talk about the businesses that are growing due to contactless interactions and doorstep deliveries that have seen a drastic surge (up and down in the economical graph). This will work as an answer to “How on demand apps shaping the world due to coronavirus”.
#1 Transportation & Travel
The total drop that the travel industry alone will face during this pandemic is around $355 billion approximately that is even higher than any other time. The regional, local, and global travel tourism is shutting down facing a sharp decline that is affected due to coronavirus.
Top giants are now facing a lot of issues since they have to cancel the trips that were booked and refund is required. The crisis with global business has taken a troll and cutting costs due to domestic and international ban on travel.
They are laying off the employees, cutting costs on marketing, and having a huge influence on ridesharing apps as well. People are now coming out of their homes until necessary and strictly avoid using public transportation.
Hence, the ridesharing apps are facing around 81% of reduction for Lyft and Uber.
#2 Food Delivery
Another industry that is impacted and will see the influence in the future is the food industry. If we take on an average, then more than 60% of customers are not willing to leave their homes for any purpose that includes purchasing food.
They are adopting to eat at home after getting the food delivered at home. The restaurants are offering zero-contact delivery, contactless delivery, and zero-touch delivery to keep them safe and secure.
However, even with so many precautions, customers are not much confident about ordering food online due to which companies have faced a decline of 20% in the last two months. The trend is ongoing for the pharmacy, food, retails, and grocery delivery that drop the product on the doorstep for the customers to collect themselves.
The businesses are also taking preventive measures for all employees and delivery personnel to ensure the safety of everyone. In addition to this, technology is playing a vital role in its geolocation and route planning that is considered as a major part of the on demand app guide.
The revenue growth of the eCommerce businesses has gone around 52% higher as compared to the previous years. This is mainly due to the fact that customers are getting healthcare and grocery products delivered at home. In addition to this, there are non-essential goods that are also included for the customers.
The shoppers are cutting a few products by ordering only the ones that are extremely necessary for them. This includes the medical supplies and household staples that are included to be a major part of the business world.
These are the major on demand apps that have faced a number of impacts after the pandemic. Apart from that, there are digital services, entertainment, media, logistics, healthcare, etc. services that are growing. Whereas the real estate industry has gone lower.
With the whole aspect stated above, you will get a brief idea of the impact of COVID19 on mobile app economy. You will have an idea of how pandemic has affected the industries and how it is going to influence after we are over with it.
There is no going back since pandemic has impacted the lives of so many people. The traditional experience of customers is all gone with customers now embracing new technology and advancement for on demand.
Artificial Intelligence, Wearable tech, augmented and virtual reality, and so on are integrated together to offer seamless digital engagements during these difficult times. These latest integrations are going to be the future of the world with the startup business embracing them with innovation.
The real-time visibility of these businesses is going to stay during the pandemic with assisting deliveries and route optimization. So, it is the right time to embrace on demand apps to have a successful run in the market post-pandemic.
A young entrepreneurial technocrat who is the Co-Founder & CEO at Appventurez Mobitech. After completion of his masters in Computer Application, he dived into the world of technology as an iOS developer. As a CEO, he firmly believes teamwork and collaboration are the essential tools for any company’s success.
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