Experts Predict Which Industries Will Fail in 2021
GOBankingRates 2hrs ago
Industries across the globe have struggled in 2020, but there seems to be a light at the end of the tunnel. With the rollout of various COVID-19 vaccines, there is some hope that both businesses and consumers alike can get back to normal sometime in 2021. However, not all industries are destined to have a good 2021. Some may actually fail in the year ahead. Companies can be broadly categorized into three types when it comes to their financial situation in 2020 and beyond. The first category is companies that are struggling this year due to the lack of consumer spending. If the vaccines fail to get widespread distribution, these struggling companies may continue to face hard times.  Read More: Industries That Practically Disappeared in 2020 On the opposite end of the spectrum, some companies have actually benefited in 2020 from the stay-at-home economy. These companies might actually be hurt in 2021 if there is widespread vaccine distribution. Lastly, there are a number of industries that were already falling out of favor before the pandemic even struck. Combined with the troubles of 2020, these companies might have significant difficulties in 2021 whether or not there is a successful distribution of vaccines. Here’s a look at a few industries representing each of these categories, along with expert prediction on how they will fare in 2021.
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