How Pandemic Affects Businesses: COVID-19

This report discusses the impact of COVID-19 on businesses, including positive and negative effects. It covers the disruption of supply chains, economies, enterprises, and labor markets. The report also highlights the need for businesses to become more resilient in the face of uncertainty and volatility.

How pandemic
Affect the
businesses:
COVID-19

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Concept And Definition .............................................................................................................3
Positive Impact Of Covid 19 On Business..................................................................................4
Negative Impact Of Covid 19 On Business................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The outbreak of the coronavirus disease (COVID-19) has an unexampled global
consequence. This pandemic has a significant impact on the workplace. Millions' long-term
livelihoods and well-being are also in jeopardy as a result of the economic and social disruption,
which poses a threat to public health. The pandemic was causing widespread disruptions to
businesses, including in global supply chains, economies, enterprises, and labour markets. The
COVID-19 is a kind of disease which is occur due to the SARS-CoV-2 virus. Through this
illness numerous people got affected by the virus and this causes the problems in respiratory
system . Any person can affected by this virus and can die also. This molecule can be as small
as aerosols or as large as respiratory droplets. If an individual does not feel well, important to
practice respiratory prescript, like coughing out into a shrink human elbow, & to remain at
domestic location and isolate themselves till the recovery(Seetharaman, 2020). A constituents,
consider worker, employers, and government, can play a crucial part in containing an outbreak,
assure safety of an individual, & guarantee the practicality of businesses and employment.
According to Jose A. Scheinkman ( July 10, 2020) the important outcome that COVID-19
possess on the business , following the COVID-19–affiliated disturbance begin and financial
fragility of many small businesses are revealed by the findings. Businesses expectation regarding
long-term effects of the COVID-19 and there representation of government comfort programme
are also revealed through the findings.
MAIN BODY
Concept And Definition
In the midway of the epidemic it was challenging to identify the long-term impact on
businesses. Through this pandemic the society also get affected and it was not easy to find out
the social, economical and behavioural consequences. Numerous enterprise have been strained to
shut down as a outcome of the COVID-19 pandemic, deed an unexampled disruption in almost
of the industry sector. Short-term situation for retailer's and brands consider health & safety,
workforce, supply chain, cash flow, sales, and marketing & consumer demand. Yet, in order to
defeat this obstacles will not assure a bright future - or even an approaching at all. This is owed
to the information that an individual will emerge from this pandemic in a world very assorted

from the united that survive prior to the natural event. There is no longer many markets,
particularly in the hospitality and tourism sectors. Prioritization, spending optimization, and
postponement of tasks that will do not add any worth in the current situation of all organisational
function(Sun, Zhang, Dinca and et. al, 2022). An indefinite hiring freeze has been implemented
by businesses, particularly startups. At the same time, online shopping, entertainment, and
communication are expanding at an unprecedented rate. According to Naveen Donthu, (June 9,
2020) it has been also observed a positive consequences in more beneficial forms of social
distancing-caused behaviour of an individual. People had started to form nests, acquire fresh
abilities, & proceeds amended care of there homes. Thee might acquire how to cook, solve a
teaser, or say more. In addition, there is an addition in the amount oof trash recycled and a rise in
the purchase of cleaning supplies. people also declines to consume more junk food and must
clean ourselves at the same time. Additionally, people are fleeing to rural areas, stockpiling
essentials, and making hasty purchases. This suggests that our experiences and actions are
intricate, and further research into this phenomenon would be fascinating.
Positive Impact Of Covid 19 On Business
There are several positive impact of COVID 19 on business.
It Pushed The Fast Forward Button On Digital Access - Businesses were hit hard by
the global pandemic in 2020 without being told beforehand that their physical workplaces would
have to shut down. As a result, many businesses were forced to devise a new strategy in order to
immediately resume trading, which presented them with a challenging situation to overcome.
Organizations needed to digitalize quickly for everything from internal communications to
connecting with customers and managing supplies. The impact of the pandemic conveyed the
majority of enterprise into conflict or flying mode; if conclusion weren't successful to apply in a
new manner of employed based on the rise in technologies use, businesses probably wouldn't
survive. In some cases, belongings that utilized in order to yield months to pass or conclude
under the old method now only take a few hours(Bartik, Bertrand, Cullen and et. al, 2020). But
this, digital access has positive contribution in the business as this raise the company's earning.
It Provided Companies With The Perfect Opportunity To Innovate - Enterprise had a
possibility during the pandemic to trial out their adapted ways of working in a comparatively
safe situation. This looks to be a situation of world comprehension and fellow feeling for the
difficulties faced by business concern. Suppliers appeared to be more adaptable, and customers

were patient and comprehended the need for change. There was little risk of opposition for
businesses to modify, introduce fresh trade good, and investigate new marketplace. Businesses
gained confidence and were able to boldly and fearlessly introduce change during this period of
instantaneous innovation. This ought to promote change & condition to get a continual in
company enterprise models with evidence of positive outcomes. It’s Seen A Rise In
Productivity Levels before pandemic the idea of liberal worker the option of "working from
home" was rarely criticized and also granted, would be open to demanding restrictions. It was
overlooked ; that worker would be too unstrained, would turn lazy, & would be disturbed by
things at their houses rather than working. The reduced number of distractions, the efficiency of
virtual meetings, and the time saved travelling for commuting. Working from home and using
digital means of communication have, despite obstacles, resulted in better productivity than
anyone could have anticipated(Hernández-Sánchez, Cardella, and Sánchez-García 2020).
Negative Impact Of Covid 19 On Business
The COVID 19 had a negative outcome on businesses. Thoughtless of their sized,
position, & source of finance, every small business in the world has been impacted by the
COVID-19 pandemic. In accordance with Eggers (2020), the majority of survey on economics
are solicitous withe the effects of the situation on little businesses, specifically the deficiency of
financing and roots of financing. According to studies that focus on strategy, successful
businesses use a crisis strategy which is the market & business-oriented. The research on little
businesses has acknowledged the significance of a situation perspective. In modern review of the
profession on situation and (SMEs), the majority of published reviews focussing on financial
content, precede by plan of action and organisation environment .In addition, the research on the
culture and entrepreneurship knowledge multifariousness of small British businesses argue that
consistent policies are needed to address adequate entrepreneurial responsiveness, which can not
be depict with short-term activity. This emphasizes the significance of considering the crisis
from a temporal perspective. The COVID-19 pandemic's impact on 16 German startups was the
subject of a recent qualitative study looks at the most effective policies and how innovative
startups deal with the lockdown(Syriopoulos, 2020). They discover that many startups use a
variety of resilience-related responses to transform crisis-induced adversity into opportunity.
They argue that businesses with adaptable business models are more likely to take advantage of
larger emerging opportunities. The many small and large businesses are affected by the

pandemic as due to lockdown, people are restricted to trading as shops and businesses were
closed. Therefore it causes the lack of funding and affects businesses negatively. Many of the
business were also shut down due to financial issues and some businesses suffer losses. Thus,
this lacking of funding and financial issues has negative impact on the businesses due to which
business shut downs or suffer loss(Carracedo, Puertas and Marti, 2021).
CONCLUSION
In 2020, the coronavirus pandemic impacted all economic sectors, including nail salons,
warehouses, meat processing facilities, and many others. Supply chains were also disrupted for
many businesses all over the world, there was a drop in demand for their goods and services,
supplies and inputs were out of stock, and government orders forced businesses to close. At the
same time, the federal government launched initiatives to support employees' continued
employment. This Spotlight on Statistics looks at how the pandemic affected workers and
businesses. Numerous unprecedented disruptions are affecting businesses worldwide, and the
macroeconomic outlook is uncertain. Organizations must become more resilient in the face of
this complexity and volatility. In order to survive in the long run, they need to be prepared to
transform adversity into opportunity. Thus this report includes the negative and positive
outcomes of COVID 19 which affects the business due to which they have to face many
challenges.

REFERENCES
Books and journals
Seetharaman, P., 2020. Business models shifts: Impact of Covid-19. International Journal of
Information Management, 54, p.102173.
Bartik, Bertrand, Cullen and et. al, 2020. The impact of COVID-19 on small business outcomes
and expectations. Proceedings of the national academy of sciences, 117(30), pp.17656-
17666.
Syriopoulos, K., 2020. The impact of COVID-19 on entrepreneurship and SMEs. Journal of the
International Academy for Case Studies, 26(2), pp.1-2.
Sun, Zhang, Dinca and et. al, 2022. Determining the impact of Covid-19 on the business norms
and performance of SMEs in China. Economic Research-Ekonomska Istraživanja, 35(1),
pp.2234-2253.
Hernández-Sánchez, B.R., Cardella, G.M. and Sánchez-García, J.C., 2020. Psychological factors
that lessen the impact of covid-19 on the self-employment intention of business
administration and economics’ students from latin america. International Journal of
Environmental Research and Public Health, 17(15), p.5293.
Carracedo, P., Puertas, R. and Marti, L., 2021. Research lines on the impact of the COVID-19
pandemic on business. A text mining analysis. Journal of Business Research, 132,
pp.586-593.