There's a business silver lining to the current coronavirus situation. Yes, it's hurting some industries but it's also helping others. Owner of The Common Bond Bakeries George Joseph says some local businesses are looking to reap some benefits in the next few weeks. "Normally people are traveling for Spring Break. Now that they are not traveling, they're thinking 'Gosh, what are we going to do with these kids?' We'll have a STAY-CATION.. With most people not traveling and staying in town - we're going to highlight our Kids Menu!"" And stay-cations mean video games, fresh food delivery, home fitness and online streaming services like Netflix and eating out. B2B (business to business) companies like video conferencing and office sanitizing are becoming very popular.
Have you been to COSTCO lately? Crowded, isn't it? Costco, Walmart and grocery and pharmacy chains are having banner sales with shoppers stocking up on cleaning supplies, food and water (and for some reason toilet paper).. The most obvious are companies that make hand sanitizes, face masks, gloves and cleaning products.
Joseph comments, "As far as the massive supermarket and drugstore shopping --- I think there's a lot of fear out there." Costco logged strong sales growth during its latest quarter, as shoppers raced to stock up on cleaning products, household essentials and food as the coronavirus outbreak spread.