The coronavirus pandemic has the potential to change life as we know it. In addition to the tragic health implications, the full social, political and economic impact of the virus remains unknown.
Despite the chaos, investors should be on the lookout for new businesses, industries and trends that could emerge from the pandemic.
So with that in mind, here are 3 ASX shares that could be poised to blossom in a post-coronavirus world.
3P Learning Ltd (ASX: 3PL)
With a nationwide debate raging on about whether schools should remain open, online education platforms have replaced some traditional teaching methods. 3P Learning is an online education platform that offers a range of resources that cover core subjects such as mathematics, spelling, literacy and science. In response to increased demand during the pandemic, 3P Learning has expanded its staff by 10% and released 10,000 new activities.
3P Learning's platform currently boasts more than 5 million students from over 17,000 schools around the world. Although online education may not fully replace traditional teaching, schools and institutions will be forced to adapt to the changing education sector. As a result, online platforms like 3P Learning could become more popular as auxiliary services to complement current teaching formats.
Ansell Limited (ASX: ANN)
The coronavirus pandemic could also renew the way people think about hygiene and infection control. Ansell is a global leader in developing, manufacturing and distributing health and safety protection solutions. The company operates in the industrial and healthcare sectors, providing gloves and other protective personal equipment, and could see extended demand in the future.
Ansell released an update last month informing shareholders that the company has experienced very strong demand for its AlphaTec hand and body protection products. The company also produces a range of other single-use and protective equipment which could see increased demand.
Marley Spoon AG (ASX: MMM)
With dine-in restaurants closed and people forced to stay at home, there has been a surge in demand for home deliveries. This demand has extended to Marley Spoon which is a subscription-based meal-kit provider that delivers fresh ingredients directly to consumers, allowing people to produce easy meals at home.
Last month, Marley Spoon released an update informing the ASX that the company had experienced an unprecedented surge in demand on the back of the coronavirus pandemic. In order to manage this significant boost in business, the company has increased its operations and expanded its global workforce. The growth has also been reflected in the Marley Spoon share price which has surged around 350% year-to-date.
Should you buy?
Although the coronavirus pandemic may have wreaked havoc on the financial markets, it will also provide investors with opportunities. In my opinion, the pandemic will have a lasting impact on consumer behaviour and business decision making, and these are possibly some of the ASX shares that could benefit.
I think a prudent strategy for investors would be to compile a watchlist of more shares that could thrive in the post-coronavirus world and wait for positive price action.