SlideShare a Scribd company logo
1 of 11
BUSINESS STUDIES HOLIDAY HOMEWORK 2K20
BY TANISHQ MITTAL(XI-E)
 Governments worldwide have already allocated more than
$13 trillion to stabilize economies in freefall and restart
growth. These measures, written and delivered at speed,
have succeeded in many ways. But as the crisis drags
on, new questions are arising. Is the money directed in
the best possible way? And is more needed?
 IT HAS BECOME CHALLENGING FOR MOST BUSINESSES TO
KEEP THEIR FINANCIAL WHEELS TURNING DURING THE
LOCKDOWN PERIOD DUE TO LESS REVENUE CHURN AND THE
GENERAL UNCERTAINTY IN THE GLOBAL FINANCIAL
ENVIRONMENT. APART FROM THREAT, THIS CURRENT
PANDEMIC HAS ALSO OFFERED VARIOUS OPPORTUNITIES FOR
BUSINESS ORGANISATIONS MANUFACTURING MASKS,
SANITIZERS AND PEP KITS.
 A simple look at the stock market will tell you that corona virus has led to a volatile economy, but there are
led to a volatile economy, but there are numerous other factors at play. The initial outbreak of the corona virus in
play. The initial outbreak of the corona virus in China disrupted global supply chains. A record 3.28 million
global supply chains. A record 3.28 million Americans filed for unemployment benefits in the week ending March 21
unemployment benefits in the week ending March 21 as corona virus-induced layoffs surge around the US. Even
virus-induced layoffs surge around the US. Even when the short-term effects end, the long-term economic impact will
term effects end, the long-term economic impact will ripple for years.
 . HOW COVID-19 HAS CREATED REVENUE OPPORTUNITIES OR TECH BUSINESSES ADOPTING THIS
UNIQUE APPROACH: THE GROWING IMPACT OF THE UNPRECENTED HUMAN TRAGEDY IN THE
GLOBAL ECONOMY HAS HAMPERED THE FUNCTIONING OF SEVERAL SECTORS, INCLUDING
TECHNOLOGY, AVIATION, PHARMACEUTICALS, BANKING, ETC
 ACCORDING TO WASHINGTON: AFTER THE COVID 19 PANDEMIC, INDIA WILL HAVE THE
OPPORTUNITY TO BUILD AN ECONOMY THAT IS MORE RESILIENT, DIVERSIFIED AND
ATTRACTIVE TO THE GLOBAL MANUFACTURERS AND SERVICES AS THE MAJORITY OF THE
BUSINESSES WORLD WIDE HAVE FACED DISRUPTIONS AND ECONOMIC FALLOUT, ACCORDING TO
THE HEAD OF A INDIA – CENTRIC AMERICAN BUSINESS REPRESENTATIVE GROUP HERE.
 NISHA DESIA BISWAL, THE PRESIDENT OF US INDIA BUSINESS COUNCIL ( USIBC ) SAID INDIA IS
EXPECTED TO BENEFIT AS IT IS EXPECTED THAT BUSINESSES WILL WANT TO DE-RISK IN
HAVING TOO MUCH OF A SUPPLY CHAIN CONCENTRATED IN ONE AREA AND TRY TO DIVERSIFY
AND DISPERSE.
NEW DELHI: The coronavirus outbreak has caused losses to the tune of Rs 30.3 lakh croreto the national
economy, which is 50 percentmore than the COVID-19 relief packageworth Rs 20 lakh croreannounced
by the central government, says a latest report by SBI Ecowrap.
ACCORDING TO A REPORT, THE ECONOMIC LAWS RESULTING FROMTHE CANCELLATION OF THIS
EVENTS IS ESTIMATED AT $1 BILLION.
 “NOWAFTERTHEPANDEMIC,ITHINKITJUSTFURTHERUNDERSPORESTHAT
THERE’SANOPPORTUNITYHEREFORINDIA.INTHEMIDDESTOFALL OFTHE
DISRUPTIONANDECONOMICFALLOUT, THERE’SANOPPORTUNITYTOBUILDAN
ECONOMYTHATISMORERESILIENT, THATISMOREDIVERSIFIEDANDTHATIS
MOREATTRACTIVETOMOREGLOBALMANUFACTURINGANDGLOBALSERVICES”
 HIGHLIGHTS:
1. COMPANIESSHOULDENSURETRANSPORTATIONFORTHEIRWORKERS.
2. ATTHEOFFICESTHERESHOULDBEASERIESOFCHECKPOINTSTESTINGCANBE
DONE.
3. THERESHOULDBEHOLDINGAREASFORCOLLEAGUESTOENSURETHATARED
FLAGCANBERAISEDIFSOMEONE’SFEELINGUNWELL.
4. ENSURETHATTHEREISNOCROWDINGINOUROFFICESPACES,ENSURETHAT
ONLY25OR50%OFTHEWORKSPACEISACTUALLYOCCUPIED.
HIGHLIGHTS
The world seems a lot different today than just 4 months ago.
Global markets have taken a massive plunge, schools have shut down globally, shopping malls have
closed, the NBA has suspended its season, the Tokyo Olympics have been moved 2021, almost
everybody who can manage it is working from home (that’s if they haven’t been let go) , and public
gatherings have been outlawed – it’s like nothing we have seen since perhaps WORLD WAR 2.
I spoke business survival strategies with STEVE BLANK for an episode of THE FUTURE SQUARED
PODCAST today. In response to the crisis, urged leaders to first take stock of their runway then as
themselves if this crisis is a three-month, one-year, or three-year problem, and adapt accordingly.
The shorter the runway, the more drastic the action that leaders need to take.
It seems that we are slowly moving towards a gradual removal of the
lockdown for some sector part of the economy. The government doesn’t
have any other alternative other than focus on lives and livelihoods. The
biggest challenge businesses will face will be restarting their operations. Even
while a larger part of the enabling ecosystem continues to be in lockdown.
Parts like public transportation, etc., is likely to continue to be in lockdown
and within the constraints of what we are allowed to do, we are going to
have to ensure that we get our businesses back on track. And that will be
the biggest challenge for business houses.
AFTERFOURMONTHSAGOWEHEARDOFAMYSTERIOUSVIRUSTHATWASCAUSINGPNUEMONIALIKE SYMPTOMS
ANDTODAY,MUCHOFTHEWORLDASWEKNOWITHASCOMETOASTANDSTILL. MORE THAN4BILLION PEOPLE
AROUND THEWORLDAREINSOMEFORMOFLOCDOWNDUE TOTHECORONAVIRUSPANDEMIC.THELOKDOWN
WILLBE OVERONEDAYANDTIMEWILL COMETOREJOINOURWORK,BUT GIVENTHENATUREOFTHEPANDEMIC,
EVERYTING ISABOUTTOCHANGE. ATARECENTWEBINAR, KANIKATEKRIWAL,FOUNDERANDCEO,JETSETGOAND
RYANLOWE,PARTNER,PEOPLE ADVISORYSERVICES,EY INDIATALKEDABOUTTHECHANGINGFACEOFBUSINESSES
INAPOSTLOCKDOWNWORLD.EDITED EXCERPTS.
 The void created by disruption in global supplies can be filled by India, given its
large workforce. It can focus on pharma and auto.
 The coronavirus outbreak has sent shivers down the spine of the global
economy. It has disrupted the complex global supply chain network. The
worst hit sectors include technology and auto. To overcome the threat of
production, disruption, Jaguar Land Rover was flying in parts to the UK from
China in suitcases. In a recent development, Samsung electronics decided to
shift its production of premium flagship phones to Vietnam.
Now for many companies, the shift from China began prior to the Covid-19 outbreak, thanks to the rising input costs
and the US-China trade war. The virus just added fuel to the fire, and with the disruption caused by it likely to persist
until mid-April, the manufacturing companies are staring at an imminent crisis. This has had a catalytic impact on
companies looking to relocate their production hubs.
The movement of companies away from China to other less-developed countries would trigger a new wave of
industrialization. Consequently, the expansion of the manufacturing hub linked with global supply chains would increase
not only productivity but also create large scale employment.
BUT WHERE COULD THE COMPANIES POSSIBLY GO? VIETNAM?
The country is one of the leaders in the supply chain in South east Asia. However, the country is already reeling with
labour shortages in the aftermath of the movement of firms to Vietnam to avoid US tariffs. Further, its roads and ports
are already clogged. Given the scale of the supply chain operation in CHINA, INDIA could be China’s doppelganger.
Around a thousand foreign manufacturers want to relocate their production to India, a
country they see as an alternative to China. Reportedly, at least 300 are already talking
with the Indian government for production in a wide range of sectors, including
electronics, medicine, and textiles. Impact? Infrastructural development around
manufacturing facilities and a boost to employment.
For a long time, China has been in the top of India’s imports list for a variety of items. It
is no denying that, given the pandemic, the supply has been hit hard. But the Indian
government is already exploring alternative countries for over 1,000 items to replace
China as their supplier.

More Related Content

What's hot

Funding smes - The Challenges and Risk Within
Funding smes - The Challenges and Risk Within Funding smes - The Challenges and Risk Within
Funding smes - The Challenges and Risk Within Resurgent India
 
Quarterly Economic Update | Q2 2014
Quarterly Economic Update | Q2 2014Quarterly Economic Update | Q2 2014
Quarterly Economic Update | Q2 2014One Columbus
 
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMYA STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMYIAEME Publication
 
Business in China
Business in ChinaBusiness in China
Business in ChinaZhou Jun
 
Economic Research Initative Issue #6 Findings and Conclusions
Economic Research Initative Issue #6 Findings and ConclusionsEconomic Research Initative Issue #6 Findings and Conclusions
Economic Research Initative Issue #6 Findings and ConclusionsLuis Nieves-Ruiz
 
India Legal - 26 August 2019
India Legal - 26 August 2019India Legal - 26 August 2019
India Legal - 26 August 2019ENC
 
Challenge faced by indian economy
Challenge faced by indian economyChallenge faced by indian economy
Challenge faced by indian economySaksham Dewan
 
Arguments for Industry Development in Low Income Countries
Arguments for Industry Development in Low Income CountriesArguments for Industry Development in Low Income Countries
Arguments for Industry Development in Low Income CountriesDr.Choen Krainara
 
Why the next decade will shape the century!
Why the next decade will shape the century!Why the next decade will shape the century!
Why the next decade will shape the century!adusault
 
Pakistan economy and debts on pakistan
Pakistan economy and debts on pakistanPakistan economy and debts on pakistan
Pakistan economy and debts on pakistanshahidbangash258
 
Echonomix_01_July 2020
Echonomix_01_July 2020Echonomix_01_July 2020
Echonomix_01_July 2020EchonomixToday
 
india position in world
india position in worldindia position in world
india position in worldtanesh kothari
 
One Dimension of the Post-SARS-2 world
One Dimension of the Post-SARS-2 worldOne Dimension of the Post-SARS-2 world
One Dimension of the Post-SARS-2 worldShantanu Basu
 

What's hot (20)

Funding smes - The Challenges and Risk Within
Funding smes - The Challenges and Risk Within Funding smes - The Challenges and Risk Within
Funding smes - The Challenges and Risk Within
 
I376976
I376976I376976
I376976
 
Economics
EconomicsEconomics
Economics
 
FDI
FDIFDI
FDI
 
Quarterly Economic Update | Q2 2014
Quarterly Economic Update | Q2 2014Quarterly Economic Update | Q2 2014
Quarterly Economic Update | Q2 2014
 
March 2016
March 2016March 2016
March 2016
 
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMYA STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
 
Business in China
Business in ChinaBusiness in China
Business in China
 
Economic Research Initative Issue #6 Findings and Conclusions
Economic Research Initative Issue #6 Findings and ConclusionsEconomic Research Initative Issue #6 Findings and Conclusions
Economic Research Initative Issue #6 Findings and Conclusions
 
Arab World Competitiveness Report 2007
Arab World Competitiveness Report 2007Arab World Competitiveness Report 2007
Arab World Competitiveness Report 2007
 
India Legal - 26 August 2019
India Legal - 26 August 2019India Legal - 26 August 2019
India Legal - 26 August 2019
 
Challenge faced by indian economy
Challenge faced by indian economyChallenge faced by indian economy
Challenge faced by indian economy
 
Arguments for Industry Development in Low Income Countries
Arguments for Industry Development in Low Income CountriesArguments for Industry Development in Low Income Countries
Arguments for Industry Development in Low Income Countries
 
china2012
china2012china2012
china2012
 
Why the next decade will shape the century!
Why the next decade will shape the century!Why the next decade will shape the century!
Why the next decade will shape the century!
 
Pakistan economy and debts on pakistan
Pakistan economy and debts on pakistanPakistan economy and debts on pakistan
Pakistan economy and debts on pakistan
 
The Malaysian Economy in Figures 2013
The Malaysian Economy in Figures 2013The Malaysian Economy in Figures 2013
The Malaysian Economy in Figures 2013
 
Echonomix_01_July 2020
Echonomix_01_July 2020Echonomix_01_July 2020
Echonomix_01_July 2020
 
india position in world
india position in worldindia position in world
india position in world
 
One Dimension of the Post-SARS-2 world
One Dimension of the Post-SARS-2 worldOne Dimension of the Post-SARS-2 world
One Dimension of the Post-SARS-2 world
 

Similar to Effect of covid 19 on business by sneha arora

Where's the money going
Where's the money going Where's the money going
Where's the money going TariqCarrimjee
 
Impact of corona virus on local businesses
Impact of corona virus on local businessesImpact of corona virus on local businesses
Impact of corona virus on local businessesJacob Adley
 
Economy presentation
Economy presentationEconomy presentation
Economy presentationMyshaAmir
 
Covid-19 Following Up On The Immediate Economic Response
Covid-19 Following Up On The Immediate Economic ResponseCovid-19 Following Up On The Immediate Economic Response
Covid-19 Following Up On The Immediate Economic Responseaakash malhotra
 
Ubs billionaires-report-2020-spread
Ubs billionaires-report-2020-spreadUbs billionaires-report-2020-spread
Ubs billionaires-report-2020-spreadRajarshi Roy
 
Economic Volatility: How Covid-19 is Affecting Our Communities
Economic Volatility: How Covid-19 is Affecting Our CommunitiesEconomic Volatility: How Covid-19 is Affecting Our Communities
Economic Volatility: How Covid-19 is Affecting Our CommunitiesNicolasMontenegro13
 
Reality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyReality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyRHIMRJ Journal
 
INDIA’S CORONANOMICS
INDIA’S CORONANOMICSINDIA’S CORONANOMICS
INDIA’S CORONANOMICSGrandMark Ca
 

Similar to Effect of covid 19 on business by sneha arora (14)

Covid19 global economy
Covid19 global economyCovid19 global economy
Covid19 global economy
 
Where's the money going
Where's the money going Where's the money going
Where's the money going
 
Black Tuesday
Black TuesdayBlack Tuesday
Black Tuesday
 
Effects Of Business Cycles
Effects Of Business CyclesEffects Of Business Cycles
Effects Of Business Cycles
 
Impact of the Covid-19 Health Crisis on the Indebtedness of Family SMEs In Chad
Impact of the Covid-19 Health Crisis on the Indebtedness of Family SMEs In ChadImpact of the Covid-19 Health Crisis on the Indebtedness of Family SMEs In Chad
Impact of the Covid-19 Health Crisis on the Indebtedness of Family SMEs In Chad
 
Impact of corona virus on local businesses
Impact of corona virus on local businessesImpact of corona virus on local businesses
Impact of corona virus on local businesses
 
World economy
World economy World economy
World economy
 
Economy presentation
Economy presentationEconomy presentation
Economy presentation
 
Essay On Canadian Economy
Essay On Canadian EconomyEssay On Canadian Economy
Essay On Canadian Economy
 
Covid-19 Following Up On The Immediate Economic Response
Covid-19 Following Up On The Immediate Economic ResponseCovid-19 Following Up On The Immediate Economic Response
Covid-19 Following Up On The Immediate Economic Response
 
Ubs billionaires-report-2020-spread
Ubs billionaires-report-2020-spreadUbs billionaires-report-2020-spread
Ubs billionaires-report-2020-spread
 
Economic Volatility: How Covid-19 is Affecting Our Communities
Economic Volatility: How Covid-19 is Affecting Our CommunitiesEconomic Volatility: How Covid-19 is Affecting Our Communities
Economic Volatility: How Covid-19 is Affecting Our Communities
 
Reality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyReality and Potential of the Indian Economy
Reality and Potential of the Indian Economy
 
INDIA’S CORONANOMICS
INDIA’S CORONANOMICSINDIA’S CORONANOMICS
INDIA’S CORONANOMICS
 

Recently uploaded

Chapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionChapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionMuhammadHusnain82237
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companiesprashantbhati354
 
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一S SDS
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfshaunmashale756
 
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net WorthUnveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net WorthShaheen Kumar
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingAggregage
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxhiddenlevers
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...First NO1 World Amil baba in Faisalabad
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Modelshematsharma006
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spiritegoetzinger
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managmentfactical
 

Recently uploaded (20)

Chapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionChapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th edition
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companies
 
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdf
 
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net WorthUnveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of Reporting
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Models
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managment
 

Effect of covid 19 on business by sneha arora

  • 1. BUSINESS STUDIES HOLIDAY HOMEWORK 2K20 BY TANISHQ MITTAL(XI-E)
  • 2.  Governments worldwide have already allocated more than $13 trillion to stabilize economies in freefall and restart growth. These measures, written and delivered at speed, have succeeded in many ways. But as the crisis drags on, new questions are arising. Is the money directed in the best possible way? And is more needed?  IT HAS BECOME CHALLENGING FOR MOST BUSINESSES TO KEEP THEIR FINANCIAL WHEELS TURNING DURING THE LOCKDOWN PERIOD DUE TO LESS REVENUE CHURN AND THE GENERAL UNCERTAINTY IN THE GLOBAL FINANCIAL ENVIRONMENT. APART FROM THREAT, THIS CURRENT PANDEMIC HAS ALSO OFFERED VARIOUS OPPORTUNITIES FOR BUSINESS ORGANISATIONS MANUFACTURING MASKS, SANITIZERS AND PEP KITS.
  • 3.  A simple look at the stock market will tell you that corona virus has led to a volatile economy, but there are led to a volatile economy, but there are numerous other factors at play. The initial outbreak of the corona virus in play. The initial outbreak of the corona virus in China disrupted global supply chains. A record 3.28 million global supply chains. A record 3.28 million Americans filed for unemployment benefits in the week ending March 21 unemployment benefits in the week ending March 21 as corona virus-induced layoffs surge around the US. Even virus-induced layoffs surge around the US. Even when the short-term effects end, the long-term economic impact will term effects end, the long-term economic impact will ripple for years.  . HOW COVID-19 HAS CREATED REVENUE OPPORTUNITIES OR TECH BUSINESSES ADOPTING THIS UNIQUE APPROACH: THE GROWING IMPACT OF THE UNPRECENTED HUMAN TRAGEDY IN THE GLOBAL ECONOMY HAS HAMPERED THE FUNCTIONING OF SEVERAL SECTORS, INCLUDING TECHNOLOGY, AVIATION, PHARMACEUTICALS, BANKING, ETC
  • 4.  ACCORDING TO WASHINGTON: AFTER THE COVID 19 PANDEMIC, INDIA WILL HAVE THE OPPORTUNITY TO BUILD AN ECONOMY THAT IS MORE RESILIENT, DIVERSIFIED AND ATTRACTIVE TO THE GLOBAL MANUFACTURERS AND SERVICES AS THE MAJORITY OF THE BUSINESSES WORLD WIDE HAVE FACED DISRUPTIONS AND ECONOMIC FALLOUT, ACCORDING TO THE HEAD OF A INDIA – CENTRIC AMERICAN BUSINESS REPRESENTATIVE GROUP HERE.  NISHA DESIA BISWAL, THE PRESIDENT OF US INDIA BUSINESS COUNCIL ( USIBC ) SAID INDIA IS EXPECTED TO BENEFIT AS IT IS EXPECTED THAT BUSINESSES WILL WANT TO DE-RISK IN HAVING TOO MUCH OF A SUPPLY CHAIN CONCENTRATED IN ONE AREA AND TRY TO DIVERSIFY AND DISPERSE.
  • 5. NEW DELHI: The coronavirus outbreak has caused losses to the tune of Rs 30.3 lakh croreto the national economy, which is 50 percentmore than the COVID-19 relief packageworth Rs 20 lakh croreannounced by the central government, says a latest report by SBI Ecowrap. ACCORDING TO A REPORT, THE ECONOMIC LAWS RESULTING FROMTHE CANCELLATION OF THIS EVENTS IS ESTIMATED AT $1 BILLION.
  • 6.  “NOWAFTERTHEPANDEMIC,ITHINKITJUSTFURTHERUNDERSPORESTHAT THERE’SANOPPORTUNITYHEREFORINDIA.INTHEMIDDESTOFALL OFTHE DISRUPTIONANDECONOMICFALLOUT, THERE’SANOPPORTUNITYTOBUILDAN ECONOMYTHATISMORERESILIENT, THATISMOREDIVERSIFIEDANDTHATIS MOREATTRACTIVETOMOREGLOBALMANUFACTURINGANDGLOBALSERVICES”  HIGHLIGHTS: 1. COMPANIESSHOULDENSURETRANSPORTATIONFORTHEIRWORKERS. 2. ATTHEOFFICESTHERESHOULDBEASERIESOFCHECKPOINTSTESTINGCANBE DONE. 3. THERESHOULDBEHOLDINGAREASFORCOLLEAGUESTOENSURETHATARED FLAGCANBERAISEDIFSOMEONE’SFEELINGUNWELL. 4. ENSURETHATTHEREISNOCROWDINGINOUROFFICESPACES,ENSURETHAT ONLY25OR50%OFTHEWORKSPACEISACTUALLYOCCUPIED. HIGHLIGHTS
  • 7. The world seems a lot different today than just 4 months ago. Global markets have taken a massive plunge, schools have shut down globally, shopping malls have closed, the NBA has suspended its season, the Tokyo Olympics have been moved 2021, almost everybody who can manage it is working from home (that’s if they haven’t been let go) , and public gatherings have been outlawed – it’s like nothing we have seen since perhaps WORLD WAR 2. I spoke business survival strategies with STEVE BLANK for an episode of THE FUTURE SQUARED PODCAST today. In response to the crisis, urged leaders to first take stock of their runway then as themselves if this crisis is a three-month, one-year, or three-year problem, and adapt accordingly. The shorter the runway, the more drastic the action that leaders need to take.
  • 8. It seems that we are slowly moving towards a gradual removal of the lockdown for some sector part of the economy. The government doesn’t have any other alternative other than focus on lives and livelihoods. The biggest challenge businesses will face will be restarting their operations. Even while a larger part of the enabling ecosystem continues to be in lockdown. Parts like public transportation, etc., is likely to continue to be in lockdown and within the constraints of what we are allowed to do, we are going to have to ensure that we get our businesses back on track. And that will be the biggest challenge for business houses. AFTERFOURMONTHSAGOWEHEARDOFAMYSTERIOUSVIRUSTHATWASCAUSINGPNUEMONIALIKE SYMPTOMS ANDTODAY,MUCHOFTHEWORLDASWEKNOWITHASCOMETOASTANDSTILL. MORE THAN4BILLION PEOPLE AROUND THEWORLDAREINSOMEFORMOFLOCDOWNDUE TOTHECORONAVIRUSPANDEMIC.THELOKDOWN WILLBE OVERONEDAYANDTIMEWILL COMETOREJOINOURWORK,BUT GIVENTHENATUREOFTHEPANDEMIC, EVERYTING ISABOUTTOCHANGE. ATARECENTWEBINAR, KANIKATEKRIWAL,FOUNDERANDCEO,JETSETGOAND RYANLOWE,PARTNER,PEOPLE ADVISORYSERVICES,EY INDIATALKEDABOUTTHECHANGINGFACEOFBUSINESSES INAPOSTLOCKDOWNWORLD.EDITED EXCERPTS.
  • 9.  The void created by disruption in global supplies can be filled by India, given its large workforce. It can focus on pharma and auto.  The coronavirus outbreak has sent shivers down the spine of the global economy. It has disrupted the complex global supply chain network. The worst hit sectors include technology and auto. To overcome the threat of production, disruption, Jaguar Land Rover was flying in parts to the UK from China in suitcases. In a recent development, Samsung electronics decided to shift its production of premium flagship phones to Vietnam.
  • 10. Now for many companies, the shift from China began prior to the Covid-19 outbreak, thanks to the rising input costs and the US-China trade war. The virus just added fuel to the fire, and with the disruption caused by it likely to persist until mid-April, the manufacturing companies are staring at an imminent crisis. This has had a catalytic impact on companies looking to relocate their production hubs. The movement of companies away from China to other less-developed countries would trigger a new wave of industrialization. Consequently, the expansion of the manufacturing hub linked with global supply chains would increase not only productivity but also create large scale employment. BUT WHERE COULD THE COMPANIES POSSIBLY GO? VIETNAM? The country is one of the leaders in the supply chain in South east Asia. However, the country is already reeling with labour shortages in the aftermath of the movement of firms to Vietnam to avoid US tariffs. Further, its roads and ports are already clogged. Given the scale of the supply chain operation in CHINA, INDIA could be China’s doppelganger.
  • 11. Around a thousand foreign manufacturers want to relocate their production to India, a country they see as an alternative to China. Reportedly, at least 300 are already talking with the Indian government for production in a wide range of sectors, including electronics, medicine, and textiles. Impact? Infrastructural development around manufacturing facilities and a boost to employment. For a long time, China has been in the top of India’s imports list for a variety of items. It is no denying that, given the pandemic, the supply has been hit hard. But the Indian government is already exploring alternative countries for over 1,000 items to replace China as their supplier.