International Business Challenges and Disruption Caused by the Coronavirus, COVID-19
Journal: International Journal of Science and Research (IJSR) (Vol.9, No. 8)Publication Date: 2020-08-05
Authors : Rebecca Dsouza;
Page : 1389-1390
Keywords : Business Challenges; Disruption; Economy; Global Supply Chains; Human Behavior;
Abstract
The Covid-19 crisis continues to spread, way ahead and is affecting lives, people are still in a state of shock as the virus has reached its peak, nobody really understands or can predict the total impact of this Covid-19 virus as things are getting worse day by day. Companies, organizations and institutions are yet to understand its full impact on their businesses and how best to respond. According to a recent survey held, businesses are tracking customer’s needs and expectations, spending and behaviors are changing throughout the world due of the Covid-19 crisis across the world. As the crisis is still at a peak in many countries, and even getting worse, people are still getting affected with the supply chains and the economy reaching a miserable state, they are still confused, as to how things will end in the future with this crisis. And the growing number of cases, societies and businesses race to open after a lockdown, this could be a reset of covid-19 crisis, with challenges that still poses significant problems and threat to humanity and lively hoods.
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