The world cannot forget December 2019. It was the month when the first case of a coronavirus infection was reported in Wuhan, China. It quickly turned into a pandemic and affected the ways we work and live. As per the World Health Organization data, the dreaded coronavirus has infected over 162,000,000 people worldwide with a whopping number of deaths at 3,364,178 to date. The pandemic has a lasting impact on businesses and many startups, as well as SMBs, are on the verge of closure. In this article, we will go through the impact of the COVID-19 pandemic on businesses and how a robust and secure task management app TaskOPad can help you survive and thrive business during the pandemic. Let’s start with its impact.
How Coronavirus Impact Businesses Globally?
Lockdowns, restricted movements, and social distancing norms have halted the global economy and affected businesses of all sizes and scales. China, the second-largest economy in the world, has witnessed negative impact and its shadows are haunting the world. As COVID-19 is a pandemic, it keeps on impacting millions of people and many enterprises around the world.
A major indicator of economic activity, the PMI (Purchasing Managers’ Index) shows contraction since January 2020 due to the growing impact of coronavirus. The graph has shown the situation for the US, Eurozone, China, and Japan.
Key aspects of global economy that are affected by coronavirus pandemic including-
– Manufacturing Activities
– Service Industries
– Oil Prices
– Bond Yields
– Stock Markets
Original Source: How TaskOPad Helps Your Business Thrive during the Pandemic Age?