Since the advent of the novel coronavirus disease (COVID-19), various industrial sectors have been significantly affected. Considering the widespread threat of the SARS-CoV-2 virus, scientists worldwide have been working at a rapid pace to understand the virus, develop vaccines and find possible treatment options. Drastic public health measures such as social distancing, use of PPE, quarantine and complete lockdown have been implemented globally to minimize the spread of the virus. Whilst these measures currently seem the only plausible option, they come at the price of compromised economies. Though there are many collaterally affected industries, this review paper highlights current and forecasted changes in manufacturing, medical, climate change, energy and food processing sectors. Some of these sectors have been positively impacted, such as climate change, whilst others have experienced mixed consequences. Some also face an uphill rebuilding processes, which needs to begin sooner rather than later. This paper highlights important recent developments and perspectives on how industries may adapt and learn from COVID-19.