We assessed how ten disruptive aspects of the COVID-19 pandemic are affecting 20 industries to help investors identify which developments will have a material impact on business models, revenues, future investments, and more.
Some sectors seem less affected by the pandemic, while others may need to rethink their business models.
Sector | Labor availability | Credit | Social distancing | Public health and safety | Tracking and tracing | Government regulation/support | Low- or zero-touch operating models | Digital and automation | Supply-chain derisking | Consumption behavior | Overall |
---|---|---|---|---|---|---|---|---|---|---|---|
Real estate | Highly negative | Highly negative | Highly negative | Negligible | Negligible | Positive | Negative | Negligible | Negative | Highly negative | Highly negative |
Travel and hospitality | Negative | Negative | Highly negative | Highly negative | Highly negative | Positive | Negligible | Negative | Negligible | Highly negative | Highly negative |
Logistics | Highly negative | Negative | Negative | Negative | Highly negative | Negative | Highly negative | Highly negative | Negligible | Highly negative | Highly negative |
Energy and utilities | Highly negative | Highly negative | Negligible | Negligible | Negligible | Positive | Negligible | Negligible | Highly negative | Negative | Highly negative |
Banking | Negative | Negative | Negative | Negligible | Negligible | Negligible | Negative | Negative | Negligible | Highly negative | Negative |
Fintech | Negligible | Negligible | Positive | Negligible | Negligible | Negligible | Positive | Positive | Negligible | Positive | Positive |
Lending | Highly negative | Highly negative | Negative | Negligible | Negligible | Negligible | Negative | Negative | Negligible | Highly negative | Negative |
Insurance | Highly negative | Highly negative | Negative | Positive | Positive | Negligible | Negative | Negative | Negligible | Highly negative | Negative |
Asset management | Negligible | Highly negative | Negative | Negligible | Negligible | Negligible | Negligible | Negligible | Negligible | Highly negative | Negative |
Industrial equipment | Highly negative | Negative | Negative | Negligible | Negligible | Negligible | Negative | Negative | Highly negative | Highly negative | Highly negative |
Media | Negative | Negligible | Highly negative | Highly negative | Negligible | Negligible | Negative | Negative | Negligible | Highly negative | Negative |
Software | Negative | Negligible | Positive | Positive | Positive | Negligible | Positive | Positive | Negligible | Positive | Positive |
Tech services | Negative | Negligible | Negative | Negligible | Negligible | Negligible | Highly Negative | Highly Negative | Negative | Negative | Negative |
Telecom | Positive | Negligible | Positive | Negligible | Positive | Negligible | Negligible | Negligible | Negligible | Positive | Positive |
Consumer nondurables | Negative | Negligible | Negative | Negative | Negative | Positive | Negative | Negative | Highly Negative | Positive | Negative |
Consumer durables | Highly Negative | Negligible | Highly Negative | Negligible | Negligible | Negligible | Negative | Negative | Highly Negative | Highly Negative | Highly negative |
Retail | Negative | Negligible | Negative | Highly negative | Highly negative | Negligible | Highly Negative | Highly negative | Negative | Highly negative | Highly negative |
Healthcare | Negative | Negative | Negative | Positive | Positive | Positive | Positive | Negative | Highly negative | Negative | Positive |
Pharma and biotech | Negative | Negligible | Negative | Positive | Negligible | Positive | Negative | Negative | Positive | Positive | Positive |
Business services | Negative | Negligible | Negative | Negligible | Negligible | Negligible | Negative | Negative | Negligible | Highly negative | Negative |
McKinsey & Company
To read the article, see “A rolling disruption: COVID-19’s implications for private equity and portfolio companies,” September 16, 2020.