Top 5 Industries to Watch in 2021

2020 has been a booming year for some industries, like tech and home products, and a major setback for others, like restaurants and event organizers. Going into 2021, what businesses may not just survive, but thrive over the course of this year? It has obviously been a headline year for industries like PPE, but some of the other insights might surprise you.

1. Logistics Management

From getting raw materials to the factory to distributing finished products to the consumer, logistics involved the entire way through. When most channels came to a halt during the pandemic, supply chain management came into the spotlight.

Logistics will be one of the hottest topics in 2021, as they will be hounded on for redundancy, as people will fear for a repeat of empty shelves in grocery stores, or factories shut down due to lack of raw materials. On the topic of distribution, the spotlight will fall on everything from bringing products to online shoppers to delivering the COVID vaccine.

2. Education

As companies are looking to integrate “constant learning” models for employees and colleges look to capture their fair share of the online learning market, the eLearning industry is one to watch. The eLearning industry is expected to grow to roughly $375B by 2026.

With all of this back and forth between online learning and in person classes, school children will definitely need some catching up. Numerous experts agree that this is an issue that needs to be addressed. There are two proposed strategies to help school children who are affected by the online transition get back up to speed. The first option is accelerated learning, which is expected to cost around $42B to implement at an average of $1,600 per student per year. The second is high intensity tutoring, which will cost around $66B, at an average of $2,500 per student per year.

3. Fitness

The fitness industry as we know it may experience some major future changes, but the underlying pursuit of exercise benefits will continue to remain unchanged. Any fitness-oriented business who is able to continuously keep customers engaged will certainly have a shot at success in the future. This success will primarily be derived from:

-       Maximizing personal safety for in-person exercise offerings, such as free weights, machines, tanning, classes, etc. This can come in numerous forms, but this heightened sensitivity to cleanliness at the gym will remain unchanged for the foreseeable future.

-       Team mentality environment. Many gyms and organizations have had success in doing virtual events, where people push each other through workout sessions, or races.

4. Cybersecurity

Data is an asset. Just look to any business that has had their data hacked or corrupted. Even the US government will continue to spend months trying to cover from some of the recent major cyber-attacks, including the Sunburst Cyber-attack.

Our online presence is constantly increasing, so businesses and customers alike need to have secure methods for protecting their identities online. The term “security” has shifted from something physical, like an alarm system, to all digital. Cybersecurity has transitioned into a mesh of protection around “the identity of a person or thing.”

5. Tourism

If anything has come from this lull in travel, it’s people’s desire to explore. When the COVID restrictions increasingly lift from across the nation, and world, we are sure to see an influx of travelers, itching to take off to that place they look at everyday on their screensaver.

But travel as we know it may seem to change going into the future, as many travel experts predict a focus on single-residency lodging and solitary cocoons within public spaces. This will certainly lead to an influx of new, innovative infrastructure, additions, and remodeling efforts.

With everything moving online, we now have a new breed of human that we like to call “digital nomads.” Now that many people are able to work 100% remote, we may see an increase of people looking to explore while they continue to pursue their remote job. The future of work holds endless possibilities for these types of positions.

As you go through 2021, continue to keep an eye on these top industries and seek out any capital lending opportunities that may arise within. Through US Capital Solutions, we are happy to assist you and your business with any funding needs that you require in order to grow in this ever-changing world with dynamic industry trends.