Before the coronavirus pandemic, takeout and delivery orders made up just a small portion of total sales for most restaurants. With countless customers now homebound, though, to-go business has never been more important for eateries across the country. Many restaurants use apps like Grubhub, Seamless, or DoorDash to handle delivery orders, but these services come with quite a few problems for all their convenience. Besides signing up companies that don’t offer delivery, food startups have also deceived restaurants and Continue reading

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When Airbnb launched in 2008, it encouraged homeowners with extra rooms or add-on structures to rent these spaces out to travelers looking for more authentic experiences than hotels could offer. As the years went by and the startup’s popularity skyrocketed, however, some Airbnb hosts developed real estate portfolios stocked with short-term rental properties. While the growing abundance of Airbnbs often increased rent for people living in cities with thriving tourist industries, many hosts simply watched as the money rolled in Continue reading

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Last month, 20.5 million people lost their jobs, sending the unemployment rate skyrocketing to 14.7 percent. Economists predict that the actual jobless rate could be even worse when factoring in people who are out of work but not collecting unemployment benefits. Experts also expect that things will only get worse in May as job cuts spread to white-collar workers. “It’s devastating,” said Ryan Sweet of Moody’s Analytics. “There’s someone behind each of these numbers. It’s going to take years to Continue reading

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In early March, the movie studio Universal had already spent millions of dollars marketing its upcoming title Trolls World Tour in anticipation of its April 10th release. When the coronavirus pandemic shut down theaters across the nation, though, Universal made the bold decision to release the movie through on-demand platforms like Apple TV and Amazon. The gamble paid off handsomely for the movie studio: after three weeks on the market for $20 per rental, Trolls World Tour brought in more Continue reading

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Over the last two decades, many businesses have adopted open office plans that remove barriers like cubicle walls in order to create more space for employees to interact. According to recent studies, though, some modern office plans can actually discourage communication since so many employees go out of their way to avoid interacting with other staffers. Of course, the coronavirus pandemic has made these distinctions irrelevant as offices across the country remain closed and employees work from home.

But while Continue reading

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April 30, 2020

Although many companies remain closed during the ongoing pandemic, some businesses have been able to alter their operations to produce increasingly vital supplies. This video looks at how Dogfish Head Brewery managed to keep its employees on the payroll while also supplying local hospitals with hand sanitizer.

Questions:

  1. How did Dogfish Head Brewery change its operations to make hand sanitizer?
  2. What is the three-step process that Dogfish Head Brewery used to engage with their community during the coronavirus crisis?
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April 28, 2020

Last week, legislators approved of another round of small business loans after funding failed to reach thousands of companies the first time. Unfortunately, many of these desperate businesses are encountering the same problems as they did a few weeks ago. Shortly after going online on Monday, the Small Business Administration’s electronic loan portal crashed due to high demand. “The SBA’s systems were not designed to and are not capable of handling the volume of loans banks processed over the last Continue reading

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April 23, 2020

This morning, the Labor Department announced that another 4.4 million Americans filed for unemployment benefits last week. That brings the official number of jobless people to 26.5 million over the past month, effectively erasing almost all of the new jobs created since the 2008 financial crisis. To make matters worse, many state unemployment processing systems have become overwhelmed after receiving record numbers of requests. As a result, experts predict that the actual number of jobless Americans could be much higher Continue reading

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April 21, 2020

A few weeks ago, legislators approved a $2 trillion stimulus package that set aside $349 billion for small businesses that have drastically altered operations during the pandemic. After a poor rollout left many companies unable to petition for relief, however, the fund dried up last weekend with thousands of businesses still in need of loans. What’s more, among the companies that received relief included major chains with thousands of employees and numerous locations across the country.

For example, the Continue reading

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April 17, 2020

With millions of cars off the road and thousands of airplanes sitting idle on tarmacs, oil consumption has plummeted since the start of the coronavirus pandemic. This has led to a drastic drop in petroleum prices that could have an enormous impact on the global economy in the months to come. This video looks at how trade tensions caused prices to fall before the Covid-19 crisis and how oil producing nations are now rethinking their priorities. 

Questions:

  1. How has Continue reading
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