Now that many people are getting vaccinated against COVID-19, the outlook for the economy in countries like the US is getting better. While there's still so much to recover from last year, investors and innovators are back to taking risks. Finance professional Scott Tominaga shares his insights on the sectors that might boom in the post-pandemic society.
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Last year, developing vaccines was a race against time. This year, drug makers are moving forward with manufacturing their own vaccines. While there are still a few countries producing their own vaccines, the demand continues to be high. There are also developing countries looking into producing their own, which will cut the costs for production and transportation. Now is high time for investors to fund COVID-19 vaccine efforts as it has become a necessity for billions of people worldwide. Along with the vaccine, Scott Tominaga says that there will be a demand for proven medication that will prevent the adverse effects of the virus.
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Image source: Unsplash.com |
Contact tracing platforms, hospital finders, online pharmacies, wearable health trackers, and other health apps have been very helpful since the start of the pandemic. Tech companies are also focusing on developing apps that monitor chronic conditions and improve mobility. As the world starts to recover, these apps and tech will continue to be a need for people. Now that many people are becoming more conscious of their health, it would be a wise move for investors to support tech companies' efforts in helping people stay safe and well as they move forward with life after the pandemic.
Scott Tominaga has been Chief Operating Officer of PartnersAdmin LLC since 2008. The California-based company offers a wide range of services giving clients a scalable and cost-effective option to increase operational efficiency in terms of hedge funds and other financial services. For similar reads, visit this page.
