Breaking News
Get 45% Off 0
Is it finally time to sell Nvidia ahead of earnings?
Read More

Americans Focus On Digital Sustainability Courtesy Of Coronavirus

By Zacks Investment ResearchStock MarketsMar 26, 2020 09:31PM ET
www.investing.com/analysis/americans-focus-on-digital-sustainability-courtesy-of-coronavirus-200519554
Americans Focus On Digital Sustainability Courtesy Of Coronavirus
By Zacks Investment Research   |  Mar 26, 2020 09:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
T
-0.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VZ
+0.90%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CSV
+0.52%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GRUB
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DBX
+0.61%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The coronavirus pandemic has forced the larger American population to shift almost everything to the online domain — elementary schools, colleges, workplaces, shopping, dining, entertainment and even funeral — to reduce exposure to this deadly disease. With the virus wreaking worldwide devastation, claiming countless innocent lives and spooking financial markets, governments and local administration authorities are left with no other option but to enforce absolute lockdown to contain the spread as much as possible.

As people are forced to seek refuge in the safety of their homes, digital sustainability has become the norm of the day. The coronavirus outbreak has redefined the broader definition of sustainability with the very existence of human life at stake and it is no longer confined to the realms of the biosphere. Rather it has invaded the digital domain and left us at the mercy of Mother Nature.

Amid such testing times, let us skim through various sectors, through which the virus has transgressed our daily lives.

Online Education

With the sudden restrictions, schools and colleges are scrambling to make online education available to the masses. The educational institutions are pulling their resources to offer distance learning to students while teachers are posting online videos to impart knowledge. Telecom service providers are offering free access to innovative learning tools from various e-learning platforms like Chegg, Bookful and Quizlet. The $600-billion higher education industry has also embraced online education to advocate social distancing. Various universities are even crafting customized online programs for special coaching to make up for the lost classes. They are increasingly collaborating with educational technology firms like 2U, Inc. (NYSE:T) to offer graduate and undergraduate degree programs for various streams.

Work From Home

More and more companies are offering the work-from-home option to employees to ensure their safety and wellbeing. Several firms are providing a secure and connected workplace setup through quick onboarding and enablement services to support the seamless continuity of businesses and enable employees to fulfill their professional obligations. With more cities going under lockdowns and the administration asking people to opt for home quarantine, the remotely working trend is likely to be in vogue till the pandemic subsides. This has led to a skyrocketing demand for firms like Dropbox, Inc. (NASDAQ:DBX) that provides a platform to allow individuals, teams and organizations to collaborate through its website or application or even work offline when they cannot access Wi-fi or Internet by opting for the “available offline” option.

Shopping & Dining

With demand for essential food and healthcare items skyrocketing, grocery stores, pharmacies, food delivery services, security services, e-commerce warehouses and logistics are hiring in response to the coronavirus-sparked demand. Moreover, with the availability of various food delivery apps, the basic paradigm of a restaurant or a food-serving location has been completely redefined and customers have gained access to sumptuous menus with the online ordering and delivery system at their disposal. More and more customers are now ordering food to be delivered right at their doorstep, thereby adhering to the safety guidelines of the government, while treating themselves with mouth-watering delicacies. With the availability of new apps and smartphones, restaurants are collaborating with various food delivery chains to make it easier for customers to place orders. Restaurants, which have difficulties delivering food on their own, are gradually signing up with companies like Grubhub Inc. (NYSE:GRUB) to reach customers and build a new sales channel.

Entertainment

Digital content providers like Verizon Communications Inc. (NYSE:VZ) are offering customers a bouquet of additional premium TV benefits at no additional costs, as part of the “More at Home...on Us” program. It is providing free access to exclusive content from a myriad of informative channels like BBC America, Fox News and CNN, in addition to 30-day free access of premium entertainment options ranging from Epix to SHOWTIME starting April. AT&T Inc. (NYSE:T) is also offering additional TV shows and video content for free as more and more people are spending their time in the confinement of their houses. The company is further focusing on streaming services like AT&T TV and the soon-to-be-launched HBO Max.

Funeral Services

With countless innocent victims falling prey to the coronavirus, governments are increasingly advocating safety measures for funerals to minimize the risk of exposure. This, in turn, has reshaped many aspects of one of the saddest moments in life, from the modalities of handling infected dead bodies to meeting the spiritual and emotional needs of those left behind. Funerals are largely associated with people gathering together to pay homage to the deceased, while consoling each other with hugs and kisses. However, the threat of the coronavirus infection has now pushed these traditions to the backbench, with various states even banning funerals and memorial services until the end of the month. This is likely to be extended for an indefinite period. The entire logistics for funeral planning is now being completed over phone or video chats due to state lockdowns. This is why firms like Carriage Services, Inc. (NYSE:CSV) are gaining precedence with their profound experience and expertise in this field.

Endnote

The world is on a war footing to develop an antidote for this deadly disease. Until the vaccine is discovered, home isolation appears to be the sole weapon to buy time against this virus. Consequently, humans are solely depending on the digital platform to stay connected and perform their daily chores. In the meantime, let us all unite against this invisible enemy and help President Trump proclaim again, “It’s been going a while time, but we win. We win.”

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>



AT&T Inc. (T): Free Stock Analysis Report

Verizon Communications Inc. (VZ): Free Stock Analysis Report

Carriage Services, Inc. (CSV): Free Stock Analysis Report

Grubhub Inc. (GRUB): Free Stock Analysis Report

2U, Inc. (TWOU): Free Stock Analysis Report

Dropbox, Inc. (DBX): Free Stock Analysis Report

Original post

Americans Focus On Digital Sustainability Courtesy Of Coronavirus
 

Related Articles

Americans Focus On Digital Sustainability Courtesy Of Coronavirus

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email