COVID-19's Impact on Business Sectors: A Detailed Report

This report examines the multifaceted impact of the COVID-19 pandemic on the global business landscape. It highlights the widespread negative effects, particularly on sectors like airlines, tourism, retail, and entertainment, while acknowledging the benefits experienced by healthcare, biotechnology, and media industries. The analysis underscores the economic slowdown affecting both small and medium-sized companies, and the disproportionate impact on developing countries. The report delves into the specifics of consumer demand shifts, supply chain disruptions, and the adverse effects on various industries, including oil and gas, and e-commerce. It concludes by emphasizing the pandemic's continued influence on the global business scenario, with certain companies benefiting despite the overall challenges.

Running head: CORONA VIRUS IMPACT ON BUSINESS
Corona Virus Impact on Business
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The pandemic that shook the humankind is the coronavirus. This outbreak became known
on December 31, 2019, and china has informed the world health organization about the cluster of
cases of pneumonia (Anderson et al. 2020). The disease spread to more provinces of china from
Wuhan City, and now it has spread to the result of the world as reported by WHO (World Health
Organization 2020). The disease has not only had a health impact but has an impact on all sectors
of the society and especially the economy.
Most of the countries are not able to lock the pandemic like china have able to do, and as
a result, it has led to a global slowdown of the business sector, which is affecting the small and
mid-sized companies. There is an overall negative effect on the pandemic except for a few
business areas. The less developed countries or the developing countries are suffering more than
the advanced economy (Bai et al. 2020). However, it should be noted that not all sectors are
getting affected in the same way. The service sector, including airlines, tourism travel is the
hardest to be hit and. Airlines have already experienced a steep fall in the system and are the
highest international route. In terms of the consumer group, there is a drop in demand, and the
mean is likely delayed. This implication of the consumer companies as well their supplier
operates on the thin line and is working on the margin of the capital. However, it is hopeful that
the demand returns when the economic concern about the virus diminishes. For the other sector,
the impact s on the primary function of the from in the national as well as global GDP (Xu
2020). The oil and gas industry will be adversely affected. The retail industry, malls, and supply
chain industry, and e-commerce companies are suffering a lot
The entertainment industry has suffered a lot in these. There are reports of cancellation of
the film schedule from postponing. Therefore, they are sure on the list of losers. However, their
counterpoint of the media industry, to be precise, especially the broadcasting, has been

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immensely benefiting as they are the only source of information at this time. However, it is
observed that the print industry has hit due to the fear of people in touching newspapers.
Healthcare biotechnology and medical technology are on the list of the gainers as there is no yet
antidote for the same and no particular medicine, which is derived from this. It has been
observed that there is a large scale investment in this sector for research and development.
Therefore, this sector is boosting globally. The small scale industries those who are making
sanitizer gloves, medical supplies and life support system is also gaining
From the above discussion, it can be said that the pandemic has hit and continues to hit
the global business scenario. However, it has also been observed that certain companies are
benefiting from this while mostly all the business are suffering

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References
Anderson, R.M., Heesterbeek, H., Klinkenberg, D. and Hollingsworth, T.D., 2020. How will
country-based mitigation measures influence the course of the COVID-19 epidemic?. The
Lancet, 395(10228), pp.931-934.
Bai, Y., Yao, L., Wei, T., Tian, F., Jin, D.Y., Chen, L. and Wang, M., 2020. Presumed
asymptomatic carrier transmission of COVID-19. Jama.
World Health Organization, 2020. Coronavirus disease 2019 ( COVID-19): situation report, 51.
Xu, Z., Shi, L., Wang, Y., Zhang, J., Huang, L., Zhang, C., Liu, S., Zhao, P., Liu, H., Zhu, L. and
Tai, Y., 2020. Pathological findings of COVID-19 associated with acute respiratory distress
syndrome. The Lancet respiratory medicine.