Chargebacks911® COO Weighs in on Products That Will Change in Price Post-Pandemic
Chargebacks911 COO Monica Eaton-Cardone, an expert in the payments and eCommerce fields, was recently asked to comment on a new feature for Readers’ Digest. In the piece, Monica and her fellow business leaders spoke to which products they believe will be impacted by the COVID-19 outbreak in the long-term sense.
Reader’s Digest is America’s fourth-largest magazine brand by circulation. After nearly a century in publication, RD stands out more than ever in today’s cultural landscape due to its themes of optimism, faith, heroism, trust, humor, and wellness.
The piece cites numerous products that will be impacted. Some like, gas and car insurance, are expected to go down in price due to pressures from COVID-19. At the same time, other product categories will see prices continue to mount due to logistical challenges and higher overhead resulting from the virus. Monica points to the fitness industry as one area in which we’re likely to see prices climb.
“According to a study by Google, eBay, and Gymcatch, year-to-year kettlebell sales have risen by one thousand percent,” Monica points out. “Sales of pull-up bars have risen by 640 percent; barbell sales have risen by 355 percent, and sales of workout benches have risen by 530 percent.”
We’ve already observed prices mounting for home gym equipment. And, as the situation persists, many of these products could become scarcer.