The European business world is now starting to bounce back, following the continued issues that have arisen from the COVID-19 pandemic.
Much of this is now coming from the positive news of the vaccine, which has now started to be pushed out to the general public within the UK, with other countries set to follow suit soon. This is now going to lead to normality returning, which is a major positive and hopefully we can see growth for businesses again in 2021.
European business has been impacted greatly, with many areas struggling and needing rescue packages, whereas other industries have seen major growth. One of the key examples of this has been in supermarkets and online shopping services. The overall growth has been staggering, with supermarkets seeing a surge in popularity and the delivery services for these also seeing a similar growth. It has led to these major supermarkets in the UK for example giving money back, when previously not having to pay business rates. This just shows how businesses are looking to give back at this difficult time, if they have been successful and not one of the unfortunate ones. It is similar with Amazon, who are now one of the largest companies in the world and have seen growth of around 80% in 2020 alone, based on the stock market. A fairly staggering growth and another example of how some businesses have profited from the current situation.
Another key area that has seen growth is the online entertainment business. As COVID has continued around Europe, it has resulted in countries having to go into lockdown. This has meant that people have had to spend extended periods of time within their own homes, with businesses closed and people simply unable to continue with their normal lives. It has meant that these different online services have seen remarkable growth. One example of this is within the gaming industry, from traditional methods of console gaming to more recent and mobile gaming. Whether this be casino-based games, which have also proven popular, with many sports cancelled and land-based establishments closed. These have provided great entertainment for people, who have picked up offers such as your-promotional-code.co.uk in order to use on these platforms. Further bringing in players.
Online streaming movie services have also been extremely popular in this time from the likes of Netflix to other leading platforms. But it has not simply been success as we know, with many businesses closing and likely unable to open again. The nightlife and hospitality sector has possibly been the worst impacted and many have also seen limited support. It has led to many looking to survive and we can only hope improvements are made and these are able to open again safely and successfully. It has been similar for restaurants and bars, who have had to open and close on multiple occasions and this is similar to what we have seen around the world.
The final sector that must be mentioned is the airline industry and with limited people travelling, it is clear that they have suffered badly from the current time. Once normality returns, we are likely to see real growth in the sector, as people look to travel again. These are just a few examples of how COVID has impacted business and we can only hope growth follows, as normality returns to everyday life.
