Question

Discuss industry that will more likely to be promising in consideration of local and
global market outlooks in year 2021 as well as the impacts from the industrial
revolution 4.0 and covid-19 pandemic.

150 no less please

Answer 1

Covid-19 pandemic was a shocker to the whole world and financial markets. It pushed the entire world to ten years back and many countries underwent lockdown as a preventive measure which forced many sectors to stop their operation. In current circumstances also companies are working with half of their workforce and half of their production efficiency.

So with this perspective, there are two industries that are less or unaffected due to the pandemic are the IT industry and the Pharma industry. IT industry has employed work from home strategy and using their own secured network for operation. With this strategy, they could employ all of their workforces into action and with the gradual recovery of demands, their growth will return. IT giants like TCS, INFOSYS, ACCENTURE have already reported healthy quarterly results that reflect their business conditions during the pandemic.

The Pharma sector is the most demanding sector at present cause they are putting efforts to handle the situation by providing medication and also tieing up with vaccine research groups to manufacture the vaccine on successful trails. No doubt once the vaccine is ready this sector's sales will boost and growth will be huge for the year 2021.

So in comparison to IT, Pharma is more promising due to the future demands all over the local as well as global markets. The industrial revolution is also helping the sector to improve the accuracy by using machine learning techniques in the research program and demand forecast. This is also helping in the estimation of active cases which helps in the production (of masks and sanitizers) by the pharma companies. Hence it improves the efficiency.