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With entire societies confined to the safety of their homes during the COVID-19 lockdown, the future of many food & beverage companies was put into question.
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Event businesses during the COVID-19 outbreak According to Allied Research, the global events industry was expected to grow by 10.3% annually and reach a valuation of $2.33 trillion in 2026. However, when the COVID-19 pandemic hit in March, event companies worldwide suddenly saw their calendars wiped. With the option to either pivot their business or lose months of revenue, firms innovated in their existing fields to continue providing value and joy to their clients. 
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The sports industry during the pandemic Without a doubt, 2020 will go down in sports history as the year when the entire industry’s future was put in doubt.
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Hospitality during the coronavirus outbreak While nearly all businesses were impacted by the coronavirus outbreak in early-2020, the hospitality industry was hit particularly hard. According to McKinsey research, hotel occupancy rates dropped to anywhere between 20 and 40 percent worldwide. The consultancy firm also believes that recovery to pre-COVID-19 levels could take the industry until 2023 or later.
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The COVID-19 pandemic has pushed companies to rethink their business models. While e-commerce was in a much better position than any other industry to face this challenge, they also had to undertake certain steps to effectively operate in the new reality.
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The pandemic outbreak has put the healthcare sector to a real test and pushed its innovation and operational capabilities to the limit. The whole world counts on healthcare businesses to come up with solutions that will ease the serious health consequences caused by COVID-19. While some companies focus on developing diagnostic measures to help the pandemic spread, others focus on vaccine development. 
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Fintech response to COVID-19 When COVID-19 was declared a pandemic in March, it created mass uncertainty for both individuals and the market. Unemployment was on the rise and the stock market was declining. Fintechs, however, were able to leverage their existing skills and assets to assist businesses who struggled with financial liquidity during the crisis.
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No one was prepared for what the COVID-19 pandemic has brought upon the world. Social isolation has pushed some companies out of business, forcing others to reorganize the way they work in order to stay afloat.
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