Small Businesses Close While Large Industries Thrive Amid Pandemic

Small Businesses Close While Large Industries Thrive Amid Pandemic

Small Businesses Close , While Large Industries Thrive , Amid Pandemic.

'Newsweek' reports that between February and April of 2020, the number of active business owners declined by 3.3 million.

.

'Newsweek' reports that between February and April of 2020, the number of active business owners declined by 3.3 million.

.

According to one study, in June of 2021, there were 37.5% less small businesses in the United States than just one year earlier.

.

According to one study, in June of 2021, there were 37.5% less small businesses in the United States than just one year earlier.

.

'Newsweek' points out that the significant decline is a tangible example of just how dramatically the pandemic has impacted the economy.

At the same time, some larger industries have managed to thrive, thanks in part to creative thinking and innovation in a time of crisis.

.

At the same time, some larger industries have managed to thrive, thanks in part to creative thinking and innovation in a time of crisis.

.

Grocery stores turned to curbside delivery and at-home delivery services to accommodate customer concerns and meet safety guidelines.

.

Grocery stores turned to curbside delivery and at-home delivery services to accommodate customer concerns and meet safety guidelines.

.

Other industries thrived as a result of an unprecedented rise in demand.

.

Agricultural exports for the United States are expected to hit $140.5 billion in 2021, up $5.5 billion from 2020.

.

'Newsweek' reports that the USDA called the agricultural industry "income inelastic" as people's need for food guarantees demand.

.

Other industries that have flourished amid the pandemic include home improvement, as well as food and beverage manufacturers.

.

Other industries that have flourished amid the pandemic include home improvement, as well as food and beverage manufacturers.

.

According to one study, food and beverage sales grew by 12% in 2020.

.

According to one study, food and beverage sales grew by 12% in 2020.