The coronavirus outbreak has taken an unexpected hit to many industries around the world. Some saw sales go up, others experienced a huge slump. Many non-essential businesses were forced to close.
But what does this mean for graduates? Is your chosen industry still hiring? Will you be working from home? What issues are different sectors currently facing, and what does the future look like for your career.
How has it been impacted by the coronavirus?
The retail industry has been impacted heavily by the coronavirus, with most non-essential stores forced to close due to the introduction of lockdown. The industry has taken a massive hit in overall sales, despite an increase in online shopping. Stores are now slowly starting to reopen in many countries around the world.
Overall growth has slowed in the retail industry, according to one report, but it has still grown by 4.1 percent this year. This is, however, significantly lower than growth in other years.
There has been a huge shift to online shopping. Worldwide online traffic for supermarkets has increased by an incredible 135 percent, with retail tech increasing by 129 percent.