4 Mutual Funds To Gain From Pandemic-Led Lifestyle Changes

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The coronavirus pandemic has brought about several lifestyle changes. From promoting indoor activities to improved sleep patterns and extended hours of family time, many of these lifestyle changes have deeply impacted the business landscape and definitely changed the way we think, work, study, communicate and spend money.

Last year, at the onset of the pandemic, the biggest concerns of healthcare authorities and the general populous were money or currency notes. Paper bill that goes through hands of hundreds everyday was also a carrier of the virus, hence, several had rapidly adopted contactless payment channels. Banks and other financial services tied up with online retailers to speed up transactions and also used radio-frequency identification (RFID) technology and near-field communication. Consumers can tap the payment card near a point-of-sale terminal equipped with the RFID technology and make payment without having to touch the device or type in the pin code. Several payment applications also allowed customers to directly shop through mobile applications and provided benefits like cashback and reward points.

Rapid digital transformation or digitization has enabled organizations to respond and thrive during the pandemic. Companies are drastically opting for professional service robots and shifting office work to the cloud, enabling employees to work with ease from their homes. In the manufacturing backdrop, shortage of skilled labor and fear of infection spreading have restricted the number of laborers on the work floor. Owners are increasing automation, bringing in industrial arms or collaborative robots to work in harmony with the available workforce, with precision and safety.

Digital transformation due to the pandemic has also played its part in altering the household lifestyle. Cleaning bots and smart home devices have become an integral part of day-to-day lives now. This year Consumer Electronic Show (CES) 2021 witnessed some impressive robots, the highlights of this virtual show were smart-home appliances, brain-training headsets, recycling bots, remote teaching devices, health monitoring devices and more.

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