As we approach the midpoint of 2021, most countries can finally see the light at the end of the proverbial tunnel. By now, Covid vaccines are available and easy to acquire in most countries. These factors mean that global commerce will start to creep back to a sense of normalcy in most scenarios, providing new opportunities to many people who lost their previous ones due to the pandemic.
As social distancing measures are beginning to relax, more and more places are beginning to open. The impact of these re-openings can even be noticed on a local level. Many businesses are struggling to have adequate staff to stay open with the normally scheduled business hours. The easiest place to see this challenge is in the fast-food industry. Restaurants that were once open late are now shutting down early due to a lack of staff, whereas before, closing early was for safety as many cities instituted curfews.
With more jobs available, more money should be injected into the economy resulting in more business opportunities. This type of action could naturally feed the cycle, creating more jobs, which will provide more money for the employees to spend.
Another optimistic scenario is the increase in demand. With many people no longer stuck in quarantine, there have been significant increases in travel bookings and vacations. And with CDC/WHO guidelines relaxing, many of the people who haven’t been able to see family can finally make up for lost time safely and confidently.
The increase in demand is not limited to travel either. Big-ticket items such as appliances, textiles, and manufacturing goods have been next to impossible to get due to the impact the pandemic had on global logistics.
So, although we are not in the clear yet, there are certainly signs to be optimistic. Whether you are a business owner or a consumer, you can easily see how the next six months to a year can give you plenty of reasons to be optimistic.