The sudden outbreak of COVID-19 has a significant impact on the economy and development of various industries. Have you imagined the conditions of highly affected industries? As the whole world was suffering so the decision-makers were unable to lower down the loss. Many of the regions were practicing strict lockdown due to pandemic and only essential industries could operate. So, the flower industry faced ignorance for a long time.
Due to the pandemic and lockdown situation, labor was unable to travel as they used to do. Many of the laborers were stuck to other places and how would they come back to work? They were unable to travel due to the situation. As the laborers belong to the lower class, most of them do not have a private vehicle, so the attendance ratio got affected significantly. The industry also faced an unexpected shortage of labor as unemployment was done on a large scale.
Every industry is linked with many other services. Disturbance in one can affect the performance of the other. The same happened with the flower industry during the pandemic situation of COVID-19, the flower industry was highly neglected as it was one of those industries which are not essential. Apart from production, the other processing was unable to function as the vendors and other relevant business sources were not in operation.
Priority of Buyers
A lot of industries were not allowed to operate so the selling of flowers declined which caused huge loss to the flower industry. On the other hand, immense unemployment led everyone to reduce their expenditures. The flower industry has a huge number of the public as their buyers or clients, and the priority of the public diverted because of the COVID-19 as people had their priorities to be fulfilled first. Moreover, the market of event managers, wedding planners, flower shops, and other relevant buyers were eliminated as the lockdown was being practiced globally.
Demand & Supply Disturbance
The sudden outbreak of COVID-19 had a significant impact on the sales of flowers. The major buyers and related industries were unable to operate but initially, the production was made as it used to be. Where did all those produced goods go? The flower industry had no other option rather than wasting the bulk of flowers. The demand curve was declined vastly, and the industry faced a huge loss.
Even after the global control over COVID-19, people are scared about being affected by the virus. People are avoiding unnecessary outings and luxurious buying. As gatherings were strictly prohibited and everyone was practicing social distancing and avoiding meetups. So, the industry faced a great loss for a longer time. But even after the normalization of routine, people are scared to touch anything which may have contact with the public. Well, somehow the industry is coping with the loss and coming back to routine but still, there is a gap to reach the selling point where it used to be. There are a lot of positive hopes as the world is coming back to its normal routine.