Breaking: The Newest Business News for the Week Revealed
Companies worldwide have been forging ahead with their business plans despite the ongoing pandemic. In this article, we will dive into the latest developments in the global business sphere over the past week.
Remote Working Goes Mainstream
Remote working no longer feels like an alternative way of working, thanks to the current circumstances. In fact, many companies are now making it a permanent offering to their workforce. A notable example is Twitter, which recently announced that its employees can work from home “forever.”
The shift towards remote work also means that companies are increasingly investing in digital communication tools that can help them stay connected. Zoom, for instance, has announced its plans to release a new video conferencing software by the end of 2020.
The Rising Popularity of Subscription Services
Subscription services have been on the rise for a while, but this trend has accelerated during the pandemic. Companies that offer subscription services are at an advantage, as they provide a steady stream of income even during economic downturns.
One notable example is Peloton, a company that sells fitness equipment and offers virtual classes. According to reports, Peloton’s revenue has surged by 66% in Q3 of 2020. The company’s growth is attributed to the fact that more people are exercising from home due to the pandemic.
The Changing Landscape of E-Commerce
The pandemic has significantly disrupted the retail industry. Brick-and-mortar stores were forced to shut down, and consumers were left with no choice but to shop online. As a result, e-commerce has taken off like never before.
Amazon, for instance, has seen a massive surge in demand for its services. Recently, the company announced that it plans to hire 100,000 more workers in the US and Canada to meet the increasing demand.
However, small businesses have struggled to keep up with the shift towards e-commerce. To address this issue, Google recently announced its plans to offer free ad credits to small and medium-sized businesses to help them promote their online stores.
Conclusion
These are just a few of the latest developments in the business world. Companies have had to adapt quickly to the changing circumstances brought about by the pandemic. Remote working, subscription services, and e-commerce are just a few examples of how the business landscape has changed over the past few months. As we move forward, it will be interesting to see how these trends continue to evolve.
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