Unprecedented growth in unemployment has rocked the economy. ProcurementIQ examines which sectors are most impacted and how some businesses are rising to the challenge.

Oil prices are historically a bellwether for the economy and right now, it’s looking like a winding path ahead.

Academic and government campuses are now facing the challenge of safely reopening their facilities to employees, students and visitors. The CDC and other government institutions have prepared guidelines that will help employers and employees successfully make the transition back to their facilities.

Industrial facilities are now facing the challenge of safely reopening their facilities to employees. The CDC and other government institutions have prepared guidelines that will help employers and employees successfully make the transition back to their facilities.

Retail and hospitality businesses are now facing the challenge of safely reopening their locations to employees and the public. The CDC and other government institutions have prepared guidelines that will help employers and employees successfully make the transition back to their business locations.

Healthcare providers for nonemergency services are now facing the challenge of safely reopening their facilities to employees and patients. The CDC and other government institutions have prepared guidelines that will help employers and employees successfully make the transition back to their facilities.

Corporate offices are now facing the challenge of safely reopening their facilities to employees and the public. The CDC and other government institutions have prepared guidelines that will help employers and employees successfully make the transition back to their office buildings.

Though a recession is underway, these eight markets are seeing surging demand in the wake of COVID-19 (coronavirus).

Financial institutions typically face elevated risk during recessionary times. As businesses and consumers alike face decreasing revenue and income, they look to lending institutions for support during the COVID-19 (coronavirus) pandemic.

SaaS providers are experiencing heightened demand from work-from-home employees during first-quarter 2020 because of the COVID-19 (coronavirus) pandemic, but this spike is not anticipated to last through the end of the year.

Despite the somewhat discretionary nature of management consulting, this market is fairing relatively well in response to the COVID-19 (coronavirus) pandemic. 

Rental equipment suppliers are not well-equipped to weather the economic storm introduced by COVID-19 (coronavirus). Falling demand for goods and services, widespread initiatives to avoid nonessential person-to-person contact, poor performance among manufacturers and rising credit risk is causing demand for rental equipment to shrink.

Construction firms’ risk exposure is augmented during economic downturns; the COVID-19 (coronavirus) pandemic is heightening such risk as contractors are facing supply chain disruption in addition to hindered demand.

Shelter-in-place policies are transforming the work environment and how businesses operate during the COVID-19 (coronavirus) pandemic. Buyers must consider a variety of factors, such as supply shortages, supplier financial health and fluctuations in demand for essential equipment and services, that affect businesses transitioning their workplace to work from home (WFH), also known as telecommuting.

Personal protective equipment and sterilization equipment are two of the most commonly used tools deployed to limit the spread of COVID-19 (coronavirus). However, these products are currently limited in availability due to overwhelming demand.