The pandemic has had disparate effects on disparate industries. This week that played out in living color as Disney reported a loss of $2 billion on its attractions, complicit with tourism in general, while Publix reported a profit just shy of $1 billion, a 50% increase, complicit with today’s food-at-home mentality. Disney was nonetheless saved with an increase of $13 billion in market cap, thanks to Disney Plus streaming Disney’s rich content directly into the pandemic’s stay-at-home culture. COVID-19 appears to be producing interesting bed-fellows. In the short term, companies targeting the household are gold; companies failing to pivot are tin.
Originally posted for the Orlando Sentinel’s Central Florida 100.
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