We did again! Qlik is the official partner of the Fortune 500 list for second year!
This year the famous Fortune 500 list was, as the rest of us, impacted by the effects of the economic crisis that followed the COVID-19 pandemic, and obviously so was the piece Qlik and Fortune team did together. We named it “The pandemic effect of the Fortune 500”.
We wanted to start by looking back in time and check how a crisis looks like, we wanted to see how long it takes for the economy to recover after a crisis, how many years apart are the crisis, etc.
Did you know that someone born in the year 2000 have spend almost 75% of her life in an economic crisis (or recovering from one)? The numbers relax as we move back in time, but for someone born in 1955, still the 45% of his lifetime was lived during a crisis (or recovering from one).
When we look at the profits of the companies that make the Fortune 500 list, we can see some acute dips in the line that shows the evolution of the indicator. For example, the 2007-2008 global financial crisis had a lasting effect on the profits in the listed companies. It took five years for the profits to reach levels pre-crisis.
Another interesting angle is to see how similar the recent crises are as they shape the profits of the Fortune 500 list. We plotted the last 5 crises in a chart, to make the comparison useful, we picked the lower point of the trend as our reference point and we did set it up as the year 0 of the crisis, then we looked back and forward (when available).
Looking at the effects of the COVID19 economical impact of the Fortune 500 list by sector, we can see that not all sectors have been impacted equally and in fact some of them show an increase in their profits and revenue during the worst of the pandemic. Healthcare, Retailing, and Technology among other sectors. The worst of the economical crisis caused by COVID19 was for the energy sector that took a hard hit on both revenue and profits.
Finally, we drilled down into the Energy sector to understand better how the industries and the companies within performed last year.
Don't forget to check our collaboration with the Fortune 500 list.
I hope you like it and find it interesting.