Technology vs Coronavirus - The Rise of Home Working

The global spread of Coronavirus has caused untold disruption to the stock market, supply chains, sporting calendars and global travel plans. However, with the virus causing a rise in home/flexible working, tech companies facilitating virtual working have seen sharp increases in share prices.

It seems that all businesses are likely to face some form of adverse impact and tech companies also face disruption – the cancellation of events such as The Geneva Motor Show and Mobile World Congress to name but a few.  Facebook has also cancelled its F8 developer conference and Apple has warned that replacement parts for iPhone will face restricted supply as parts of China remain in lock down.

However, certain businesses, are seeing considerable increases in their share prices as globally, employers are bringing into play working from home practices to combat the spread, and this demand is seeing an increase in demand for technologies that facilitate the ability for people to work together without having to be in the same physical place.

Video conferencing companies such as Zoom and Slack have seen sharp increases in their share prices and Ring Central has also seen a greater than 20% increase in its share value so far this year.   Some predict that the Coronavirus will change the way global business looks at corporate travel and conventional working models.  If this is true, then the innovation and value in this sector is sure to continue.