Question

What are your thoughts on global supply channels, in regard to the current pandemic, Covid-19?

Answer 1

The WHO has declared covid 19 a pandemic , causing huge impact on peoples lives and communities , in addition to the serious implication for people's health, covid 19 is having a significant impact on business and economy. several industries had badly effected by covid 19. most of the factories and it companies are under lock down. most of the countries alredy announcesd lock down and stops export import trading also.COVID 19 pandemic is disrupting global supply chains and international trade. most of the countries closing their national borders and movement of people has alredy banned from country to coutry.

The COVID-19 represents an unprecedented disruption to the golbal economy and world trade, as production and consumption are scaled back across the globe. most of the countries are banned products which came from COVID19 effected areas .In this pandemic, manufacturers that relay on labour intensive preocess that require people to work closly together have been disrupted because of social distancing requirments , shortage of supply of raw material is another issue with regard to this.

companies around the world are closing shops , cancelling orders and stopping production . workers in thease kind of industries are suffering a lot with this . because of COVID 19 has lead to lock downs, suppliers in the chain are temporarily ceasing production , and logistic providers can no longer transport goods as seamlessly, particularly across borders.

The golbal economy and international markets plunged as the corona virus spread from China, the worlds secon largest economy. to other countries in asia , europe, americas, and middile east. policies intended to prevent further spread of the virus , which include travel restriction and quarantines , have unintended consiquenses of disrupting international supply chains, suspending business operations and shrinking revenue