The impact of COVID-19 focusing on Industries: Healthcare, Logistics and Transportation, and Tourism
Abstract
The year 2020 has been an unexpected crisis where a virus known as a coronavirus (COVID-19) has struck humans across the world. This study examines whether COVID-19 has significantly impacted the performance of Malaysia's industries focusing on healthcare, logistics and transportation, and tourism. It is done by collecting a few samples from the annual report for each company for the chosen industry. The performance of the industries is measured by the changes in revenue and its profitability. This study found that COVID-19 has no significant impact on revenue and profitability for the industry of healthcare, logistics and transportation, while COVID-19 only impacted the revenue of the tourism industry. It is recommended that this study extends to the study on the SME as the SME was the most impacted industry during the pandemic, as reported by The Star (10 November, 2020), a case study for the companies that are benefited during the pandemic, such as Top Glove, Hartalega Holdings, Kossan Rubber Industries, and Supermax Corp and study other factors that impacted the net profit margin and revenue for industries or companies.
References
Foo, L., Chin, M., Tan, K. and Phuah, K., 2020. The impact of COVID-19 on tourism industry in Malaysia. Current Issues in Tourism, pp.1-5.
Industrial and logistic sectors to be top performers in 2021 — Savills Malaysia | The Edge Markets. [Accessed 9 September 2021].
Ramdhan, N., Mohammad, N., Mohamed Yousop, N., Ahmad, Z., Sipon, Z. and Mohd Hasan Abdullah, N., (2021). The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services. Hrmars, pp. 327-337.
Pak, A., Adegboye, O., Adekunle, A., Rahman, K., McBryde, E. and Eisen, D., (2020). Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness. Frontiers in Public Health, 8.
Holpuch, A., (2021). Pandemic profits: top US health insurers make billions in second quarter. The Guardian. Available at: https://www.theguardian.com/us-news/2021/aug/06/us-healthcare-insurance-covid-19-coronavirus [Accessed 9 September 2021].
Xiang, S., Rasool, S., Hang, Y., Javid, K., Javed, T. and Artene, A., (2021). The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth. Frontiers in Psychology,12.
Joo, H., Maskery, B., Berro, A., Rotz, L., Lee, Y. and Brown, C., 2019. Economic Impact of the 2015 MERS Outbreak on the Republic of Korea's Tourism-Related Industries. Health Security, 17(2), pp.100-108.
Klein, A., Smith, E. (2021). Explaining the Economic Impact of COVID-19: Core Industries and the Hispanic Workforce. 1-18.
Shang, Y., Li, H. and Zhang, R., (2021). Effects of Pandemic Outbreak on Economies: Evidence From Business History Context. Frontiers in Public Health, 9.
Meng, F., Gong, W., Liang, J., Li, X., Zeng, Y. and Yang, L., (2021). Impact of different control policies for COVID-19 outbreak on the air transportation industry: A comparison between China, the U.S. and Singapore. PLOS ONE, 16(3), p.e0248361.
Ranganathan, M., Bhargava, J. and N. Krishnaswamy, M., (2020). Will the aviation industry recover from the pandemic?. The Hindu. [Accessed 10 September 2021]
Dube, K., Nhamo, G. and Chikodzi, D., (2021). COVID-19 pandemic and prospects for recovery of the global aviation industry. Journal of Air Transport Management, 92, p.102022.
Florido-Benítez, L., 2021. The effects of COVID-19 on Andalusian tourism and aviation sector. Tourism Review, 76(4), pp.829-857. [Accessed 10 September 2021].
Roy, S., (2020). ECONOMIC IMPACT OF COVID-19 PANDEMIC. ResearchGate. [Accessed 10 September 2021].
Miller, G., Rhyan, C., Turner, A. and Hempstead, K.,(2021). COVID-19 Shocks The US Health Sector: A Review Of Early Economic Impacts | Health Affairs Blog. Healthaffairs.org. [Accessed 10 September 2021].
Jazieh, A. and Kozlakidis, Z., (2020). Healthcare Transformation in the Post-Coronavirus Pandemic Era. Frontiers in Medicine, 7, pp.1-4. swer, J., (2021). Coronavirus Crisis - Impact Of COVID-19 on Healthcare Industry. npj Science of Learning Community. [Accessed 10 September 2021].
Iyengar, K., Mabrouk, A., Jain, V., Venkatesan, A. and Vaishya, R., (2020). Learning opportunities from COVID-19 and future effects on health care system. Diabetes & Metabolic Syndrome: Clinical Research & Reviews, 14(5), pp.943-946.
Hamed Almurisi, S., Al Khalid, D., AL-Japairai, K., Mahmood, S., Reddy Chilakamarry, C., Naidu Kadiyala, C. and Mohananaidu, K., (2020). Impact of COVID 19 Pandemic Crisis on the Health System and Pharmaceutical Industry. Letters in Applied NanoBioScience, 10(2), pp.2298-2308.
Gössling, S., Scott, D. and Hall, C., (2020). Pandemics, tourism and global change: a rapid assessment of COVID-19. Journal of Sustainable Tourism, 29(1), pp.1-20.
Jaipuria, S., Parida, R. and Ray, P., (2020). The impact of COVID-19 on tourism sector in India. Tourism Recreation Research, 46(2), pp.245-260.
Qiu, R., Park, J., Li, S. and Song, H., (2020). Social costs of tourism during the COVID-19 pandemic. Annals of Tourism Research, 84, p.102994.
ROGERSON, C. and ROGERSON, J., (2020). COVID-19 TOURISM IMPACTS IN SOUTH AFRICA: GOVERNMENT AND INDUSTRY RESPONSES. GeoJournal of Tourism and Geosites, 31(3), pp.1083-1091.
Škare, M., Soriano, D. and Porada-Rochoń, M., (2021). Impact of COVID-19 on the travel and tourism industry. Technological Forecasting and Social Change, 163, p.120469.
Assaf, A. and Scuderi, R., (2020). COVID-19 and the recovery of the tourism industry. Tourism Economics, 26(5), pp.731-733.
Loske, D., 2020. The impact of COVID-19 on transport volume and freight capacity dynamics: An empirical analysis in German food retail logistics. Transportation Research Interdisciplinary Perspectives, 6, p.100165.
Docherty, I., Marsden, G., Anable, J. and Forth, T., (2021). Transport, the economy and environmental sustainability post-Covid-19. Productivity and the Pandemic, pp.147-159.
Baker, P., (2021). The Impact of COVID-19: Reflections on the Transport and Logistics Sector - International Economics. International Economics.
Ho, S., Xing, W., Wu, W. and Lee, C., (2021). The impact of COVID-19 on freight transport: Evidence from China. MethodsX, 8, p.101200.
Atayah, O., Dhiaf, M., Najaf, K. and Frederico, G., (2021). Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries. Journal of Global Operations and Strategic Sourcing,
Pina, M., Saldana, A. and Zamarro, I., 2021. The impact of the COVID-19 outbreak on the healthcare industry - Evolution Europe. [online] Evolution Europe.
Khuen, L., 2021. Surviving The Impact of Covid-19: Healthcare the sector with the most deals. [online] The Edge Markets. Available at: [Accessed 14 November 2021].
Freeman, O., 2021. The ASEAN Logistics Industry is Turning the Tide on COVID-19. [online] SupplyChain.
Abbas, J., Mubeen, R., Lorember, P., Raza, S. and Mamirkulova, G., 2021. Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. [online] Science Direct.
Nayak, J., Mishra, M., Naik, B., Swapnarekha, H., Cengiz, K. and Shanmuganathan, V., 2021. An impact study of COVID-19 on six different industries: Automobile, energy and power, agriculture, education, travel and tourism and consumer electronics. [online] Wiley Online Library.
Kaye, A. D., Okeagu, C. N., Pham, A. D., Silva, R. A., Hurley, J. J., Arron, B. L., Sarfraz, N., Lee, H. N., Ghali, G. E., Gamble, J. W., Liu, H., Urman, R. D., & Cornett, E. M. (2021). Economic impact of COVID-19 pandemic on healthcare facilities and systems: International perspectives. [online] Best practice & research. Clinical anaesthesiology, 35(3), 293–306.
Xu, Y., Li, J., Chu, C. and Dinca, G., 2021. Impact of COVID-19 on transportation and logistics: a case of China. [online] Taylor & Francis.
Fu, Y., 2021. The impact and recovering strategies of the COVID-19 pandemic: Lessons from Taiwan’s hospitality industry. [online] Taylor & Francis.
Karim, W., Haque, A., Anis, Z. and Ulfy, M., 2021. Impact of covid-19 on hotel industry in Malaysia, tourism & hospitality. [online] Research Publishing Academy (RPA).
Lin, W., 2021. Bursa healthcare gauge top gainer on pandemic concerns. [online] The Edge Markets. [Accessed 26 December 2021].
Somanas, A., 2021. 10 business sectors boosted by coronavirus concerns. [online] FM Magazine. [Accessed 26 December 2021].
OECD. 2021. COVID-19 and the aviation industry: Impact and policy responses. [online] [Accessed 26 December 2021].
Formula, T., 2022. Trend Analysis Formula | Calculator (Example with Excel Template). [online] EDUCBA. [Accessed 4 February 2022].
MasterClass. 2022. Net Profit Margin: How to Calculate Net Profit Margin. [online] [Accessed 4 February 2022].
Industrial and logistic sectors to be top performers in 2021 — Savills Malaysia | The Edge Markets. [Accessed 9 September 2021].
Ramdhan, N., Mohammad, N., Mohamed Yousop, N., Ahmad, Z., Sipon, Z. and Mohd Hasan Abdullah, N., (2021). The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services. Hrmars, pp. 327-337.
Pak, A., Adegboye, O., Adekunle, A., Rahman, K., McBryde, E. and Eisen, D., (2020). Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness. Frontiers in Public Health, 8.
Holpuch, A., (2021). Pandemic profits: top US health insurers make billions in second quarter. The Guardian. Available at: https://www.theguardian.com/us-news/2021/aug/06/us-healthcare-insurance-covid-19-coronavirus [Accessed 9 September 2021].
Xiang, S., Rasool, S., Hang, Y., Javid, K., Javed, T. and Artene, A., (2021). The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth. Frontiers in Psychology,12.
Joo, H., Maskery, B., Berro, A., Rotz, L., Lee, Y. and Brown, C., 2019. Economic Impact of the 2015 MERS Outbreak on the Republic of Korea's Tourism-Related Industries. Health Security, 17(2), pp.100-108.
Klein, A., Smith, E. (2021). Explaining the Economic Impact of COVID-19: Core Industries and the Hispanic Workforce. 1-18.
Shang, Y., Li, H. and Zhang, R., (2021). Effects of Pandemic Outbreak on Economies: Evidence From Business History Context. Frontiers in Public Health, 9.
Meng, F., Gong, W., Liang, J., Li, X., Zeng, Y. and Yang, L., (2021). Impact of different control policies for COVID-19 outbreak on the air transportation industry: A comparison between China, the U.S. and Singapore. PLOS ONE, 16(3), p.e0248361.
Ranganathan, M., Bhargava, J. and N. Krishnaswamy, M., (2020). Will the aviation industry recover from the pandemic?. The Hindu. [Accessed 10 September 2021]
Dube, K., Nhamo, G. and Chikodzi, D., (2021). COVID-19 pandemic and prospects for recovery of the global aviation industry. Journal of Air Transport Management, 92, p.102022.
Florido-Benítez, L., 2021. The effects of COVID-19 on Andalusian tourism and aviation sector. Tourism Review, 76(4), pp.829-857. [Accessed 10 September 2021].
Roy, S., (2020). ECONOMIC IMPACT OF COVID-19 PANDEMIC. ResearchGate. [Accessed 10 September 2021].
Miller, G., Rhyan, C., Turner, A. and Hempstead, K.,(2021). COVID-19 Shocks The US Health Sector: A Review Of Early Economic Impacts | Health Affairs Blog. Healthaffairs.org. [Accessed 10 September 2021].
Jazieh, A. and Kozlakidis, Z., (2020). Healthcare Transformation in the Post-Coronavirus Pandemic Era. Frontiers in Medicine, 7, pp.1-4. swer, J., (2021). Coronavirus Crisis - Impact Of COVID-19 on Healthcare Industry. npj Science of Learning Community. [Accessed 10 September 2021].
Iyengar, K., Mabrouk, A., Jain, V., Venkatesan, A. and Vaishya, R., (2020). Learning opportunities from COVID-19 and future effects on health care system. Diabetes & Metabolic Syndrome: Clinical Research & Reviews, 14(5), pp.943-946.
Hamed Almurisi, S., Al Khalid, D., AL-Japairai, K., Mahmood, S., Reddy Chilakamarry, C., Naidu Kadiyala, C. and Mohananaidu, K., (2020). Impact of COVID 19 Pandemic Crisis on the Health System and Pharmaceutical Industry. Letters in Applied NanoBioScience, 10(2), pp.2298-2308.
Gössling, S., Scott, D. and Hall, C., (2020). Pandemics, tourism and global change: a rapid assessment of COVID-19. Journal of Sustainable Tourism, 29(1), pp.1-20.
Jaipuria, S., Parida, R. and Ray, P., (2020). The impact of COVID-19 on tourism sector in India. Tourism Recreation Research, 46(2), pp.245-260.
Qiu, R., Park, J., Li, S. and Song, H., (2020). Social costs of tourism during the COVID-19 pandemic. Annals of Tourism Research, 84, p.102994.
ROGERSON, C. and ROGERSON, J., (2020). COVID-19 TOURISM IMPACTS IN SOUTH AFRICA: GOVERNMENT AND INDUSTRY RESPONSES. GeoJournal of Tourism and Geosites, 31(3), pp.1083-1091.
Škare, M., Soriano, D. and Porada-Rochoń, M., (2021). Impact of COVID-19 on the travel and tourism industry. Technological Forecasting and Social Change, 163, p.120469.
Assaf, A. and Scuderi, R., (2020). COVID-19 and the recovery of the tourism industry. Tourism Economics, 26(5), pp.731-733.
Loske, D., 2020. The impact of COVID-19 on transport volume and freight capacity dynamics: An empirical analysis in German food retail logistics. Transportation Research Interdisciplinary Perspectives, 6, p.100165.
Docherty, I., Marsden, G., Anable, J. and Forth, T., (2021). Transport, the economy and environmental sustainability post-Covid-19. Productivity and the Pandemic, pp.147-159.
Baker, P., (2021). The Impact of COVID-19: Reflections on the Transport and Logistics Sector - International Economics. International Economics.
Ho, S., Xing, W., Wu, W. and Lee, C., (2021). The impact of COVID-19 on freight transport: Evidence from China. MethodsX, 8, p.101200.
Atayah, O., Dhiaf, M., Najaf, K. and Frederico, G., (2021). Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries. Journal of Global Operations and Strategic Sourcing,
Pina, M., Saldana, A. and Zamarro, I., 2021. The impact of the COVID-19 outbreak on the healthcare industry - Evolution Europe. [online] Evolution Europe.
Khuen, L., 2021. Surviving The Impact of Covid-19: Healthcare the sector with the most deals. [online] The Edge Markets. Available at: [Accessed 14 November 2021].
Freeman, O., 2021. The ASEAN Logistics Industry is Turning the Tide on COVID-19. [online] SupplyChain.
Abbas, J., Mubeen, R., Lorember, P., Raza, S. and Mamirkulova, G., 2021. Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. [online] Science Direct.
Nayak, J., Mishra, M., Naik, B., Swapnarekha, H., Cengiz, K. and Shanmuganathan, V., 2021. An impact study of COVID-19 on six different industries: Automobile, energy and power, agriculture, education, travel and tourism and consumer electronics. [online] Wiley Online Library.
Kaye, A. D., Okeagu, C. N., Pham, A. D., Silva, R. A., Hurley, J. J., Arron, B. L., Sarfraz, N., Lee, H. N., Ghali, G. E., Gamble, J. W., Liu, H., Urman, R. D., & Cornett, E. M. (2021). Economic impact of COVID-19 pandemic on healthcare facilities and systems: International perspectives. [online] Best practice & research. Clinical anaesthesiology, 35(3), 293–306.
Xu, Y., Li, J., Chu, C. and Dinca, G., 2021. Impact of COVID-19 on transportation and logistics: a case of China. [online] Taylor & Francis.
Fu, Y., 2021. The impact and recovering strategies of the COVID-19 pandemic: Lessons from Taiwan’s hospitality industry. [online] Taylor & Francis.
Karim, W., Haque, A., Anis, Z. and Ulfy, M., 2021. Impact of covid-19 on hotel industry in Malaysia, tourism & hospitality. [online] Research Publishing Academy (RPA).
Lin, W., 2021. Bursa healthcare gauge top gainer on pandemic concerns. [online] The Edge Markets. [Accessed 26 December 2021].
Somanas, A., 2021. 10 business sectors boosted by coronavirus concerns. [online] FM Magazine. [Accessed 26 December 2021].
OECD. 2021. COVID-19 and the aviation industry: Impact and policy responses. [online] [Accessed 26 December 2021].
Formula, T., 2022. Trend Analysis Formula | Calculator (Example with Excel Template). [online] EDUCBA. [Accessed 4 February 2022].
MasterClass. 2022. Net Profit Margin: How to Calculate Net Profit Margin. [online] [Accessed 4 February 2022].
Published
2022-05-01
How to Cite
YUSSOF, Aida Haryani et al.
The impact of COVID-19 focusing on Industries: Healthcare, Logistics and Transportation, and Tourism.
Asian Journal of Research in Business and Management, [S.l.], v. 4, n. 1, p. 335-346, may 2022.
Available at: <https://myjms.mohe.gov.my/index.php/ajrbm/article/view/18128>. Date accessed: 12 feb. 2025.
Section
Articles
