ComprehensiveBusinessEnglish (16).pdf

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1、When One Door Closes,Another Opens:5 Industries for Job Opportunities during COVID-19 By Sheila Chiang Amid COVID-19 and in a bid to cut costs,many companies have even imposed pay cuts as well as salary and hiring freezes.The National Wages Council has advised that retrenchment should be a“last reso

2、rt”,but there are still many who have lost their jobs.However,the unexpected silver lining here is the discovery of new opportunities in this period of uncertainty.Here are five industries that have been staying strong should you decide to make a mid-career switch.1.E-commerce According to a Nielsen

3、 study,the penetration of Singapore users venturing into e-commerce will continue to rise.This is backed by the finding that 69 per cent of people surveyed who bought household goods online for the first time during Covid-19,claim that they will do so again in the next 12 months.If you are worried t

4、hat the uplift in e-commerce is only temporary and will slow down once the pandemic ends,e-commerce revenue is expected to show an annual growth rate of 9.1 per cent,resulting in a market volume of US$3,939m by 2024.Moreover,its also possible that after this situation ceases,people will continue to

5、purchase online due to its convenience and ease of use and replace shop visits with online purchases.2.Digital media and entertainment With the social distancing measures in place,this has led to a spike in at-home media consumption.Hand-in-hand with this,there has been a growing demand for digital

6、media and entertainment according to Nielsen.Two in five consumers(44%)are playing more online games,followed by social network activities(38%)and online video streaming(36%)as people seek to relieve boredom and replace face-to-face interaction.Whats more,as staying in becomes the new going out,we a

7、re turning to augmented reality(AR)and virtual reality(VR)to replace physical visits to concerts,museums and events.We can enjoy these never-before experiences safely from the comforts of our homes.3.Health and wellness Health has become a priority now more than ever,and our local pharmacies are far

8、 from closing their doors.Demand for health and wellness products have been growing rapidly since the Covid-19 outbreak.Singapores telehealth app Doctor Anywhere said that“products such as sanitisers and disinfectants are flying off the shelf,as are immunity boosting supplements and vitamins”in the

9、health and wellness marketplace on its app.Even after Covid-19,consumers are expected to continue to look after their health and wellbeing.4.Grocery Retail Unless you have been living under a rock,you would have seen news of Singaporeans rushing to the supermarkets to stock up their pantries in fear

10、 of a lockdown.With one in two consumers cooking or eating more often at home now,this will lead to an increase in grocery purchases for home-cooked meals.People still go to physical stores to pantry-stock,so grocery goods retailers and supermarkets should be focusing on catering to both online and

11、offline customers 5.Video-conferencing Services As people we started working from home,companies have transitioned fully to remote work and video conferences,online meetings and chat services.Video conferencing usage extends beyond business meetings.It has also become a social platform for self-isol

12、ated individuals to connect with family and friends to make up for the lost face-to-face interaction we used to have before Covid-19.Competition in this industry is set to intensify as Tencent Holdings recently launched VooV Meeting,which has already been rolled out in over 100 countries and regions,including Malaysia,Hong Kong,Singapore,and Japan.It will be competing with the likes of Alibabas DingTalk and ByteDances Lark,which is a sure indication that the demand for digital collaboration tools would stay after Covid-19.