Businesses across the board in every country are grappling with new realities as economies plunge into recession. Some businesses are not feeling the COVID blues just yet. These six items are selling like ice-cold lemonade on a hot August day.
1. Bicycles and Exercise Gear
Because public transport has been closed for weeks in some larger cities in many countries, people are wanting to be able to be mobile still. Whether it's going to the park, grocery store, or to grab takeout, people are wanting to buy bicycles and scooters to make sure they can still have the freedom to go somewhere if they want.
2. Outdoor and Indoor Games
Needing to pass the time at home, people are buying games to spend the long hours with the family. Some who have space are even investing in outdoor games that they can enjoy. Board games are flying off the shelf.
3. Home and Garden Items
Fearing the possibility of supply shortages many have decided to turn their spaces into gardens. This can also be a chance for people to test their green thumb in getting that DIY bug out of their system. Even my own wife has suggested making a garden in our apartment.
4. Books
With lots of time on their hands, people are looking for good books to read. Many have chosen to read material based on pandemics. Not sure why people want to be more scared but I guess the books are relevant for the times. Amazon is selling both physical and digital books like crazy right now.
5. Electrical Goods
Home Cooking, Laptops, Entertainment like TVs and Gaming Consoles are some of the many items people are buying to furnish their houses for both work and play. Since most people can’t go out they are cooking more at home. Do you want to learn how to make bread? Great, now a good excused to buy a bread maker. Game consoles have also been a high seller especially the ones that are for online multiplayer options. Business is booming for game companies.
6. Coffee
Coffee is basically like oxygen and water to most people these days. If you are going to be your own barista then you need to buy the goods. People have invested a lot in their home coffee brewing and stocking up on the good stuff so they can get their daily fix. No Starbucks? No problem.
These are things most likely sold on a regular basis in most western markets but in Myanmar, we are seeing similar trends as people prepare for lockdown, this next week and are wanting to make sure they are ready.
Written By - Ryan Russell (CEO of Myanmar Business Answers)
Source:bbc.com
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