This is the third column in a five-part Heard on the Street series on how the American economy might look once the Covid-19 pandemic is over.The coronavirus pandemic has transformed the way Americans eat, shop and entertain themselves.
In one manner or another, most of these consumer activities have moved into the home and online.Now, with effective vaccines on the horizon, the most important question for investors is how much never goes back to the way it used to be.
The answers will have major implications for swaths of the economy, but they aren’t likely to be straightforward. Each affected industry has its own nuances to consider.In cases where consumers have merely adopted a workaround that is inferior to the real thing, activity.