Sunday, March 29, 2020

Companies benefiting from COVID-19 Outbreak

Millions are out of work and applying for unemployment while many companies are earning larger revenue. Restaurants and bars are losing the worst, while medical companies and online technologies continue to grow. Airlines have not experienced the worst of what is to come, but are expecting incredibly large losses 3M and other medical technology developers continue making these masks which are supposed to protect against COVID-19, but has been criticized as ruled ineffective. The disease is air born, meaning it can touch any surface and as soon as that it touched by any part of the body, it can be spread through mouth, nose and eyes. It is recommended that if contaminated it is safer to use a mask in case of exposure to healthy patients. 3M and others will need to find other business strategies to boost sales for the next quarter, if conditions change. The disease is air born, meaning it can touch any surface and as soon as that it touched by any part of the body, it can be spread through mouth, nose and eyes. In fact the masks have small enough holes where small enough particles can slip through. These companies have been profiting so much in fact that there is a shortage. 500,000 masks have already been sold and used in the United States alone. In fact, only one customer is allowed to purchase one mask due to high demand. 500,000 more masks are on the way, and people will continue to purchase until Corona-virus is gone.


Posted by Ryan Lesmez
https://www.bloomberg.com/opinion/articles/2020-01-28/3m-face-masks-are-rare-bright-spot-as-coronavirus-fears-grow

1 comment:

Anonymous said...

Unfortunately, companies like these are the reasons why Donald Trump is focusing on an economical approach to the world's current condition and there isn't much to comment on it otherwise.
There was an interview released where a political leader decided to revoke the licenses of companies that increased their prices in store in an attempt to capitalize off of everyone's fear an increase in spending. Maybe something like that could help.