{"id":255,"date":"2020-02-21T14:17:58","date_gmt":"2020-02-21T14:17:58","guid":{"rendered":"https:\/\/grow.refrens.com\/?p=255"},"modified":"2025-12-03T13:33:37","modified_gmt":"2025-12-03T13:33:37","slug":"corona-virus-5-stories-to-understand-the-impact-on-business","status":"publish","type":"post","link":"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/","title":{"rendered":"Corona Virus: 5 Stories To Understand The Impact On Business."},"content":{"rendered":"\n<p>2000+. Yes, that is the latest number of deaths estimated world wide due to Wuhan Corona Virus. The biggest virus outbreak post SARS in 2003 (which incidentally also originated from China) has not only caused severe health related concerns but has also jolted businesses (or at-least the way they operate) in more than one way.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #161c26;color:#161c26\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #161c26;color:#161c26\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/#Remote_Working_Not_By_Choice_But_By_Force_Blessing_In_Disguise\" title=\"Remote Working: Not By Choice, But By Force. Blessing In Disguise?\">Remote Working: Not By Choice, But By Force. Blessing In Disguise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/#Closed_Shops_Empty_Stores_Narrate_A_No_Demand_Story\" title=\"Closed Shops, Empty Stores Narrate A No Demand Story\">Closed Shops, Empty Stores Narrate A No Demand Story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/#Cost_Saving_Leads_To_Over_Dependencies_Which_Are_A_Bottleneck_Now\" title=\"Cost Saving Leads To Over Dependencies Which Are A Bottleneck Now.\">Cost Saving Leads To Over Dependencies Which Are A Bottleneck Now.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/#The_Story_Of_Empty_Airports_And_Hotels\" title=\"The Story Of Empty Airports And Hotels\">The Story Of Empty Airports And Hotels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/#Is_It_The_Beginning_To_Chinas_Economic_Downturn\" title=\"Is It The Beginning To China\u2019s Economic Downturn?\">Is It The Beginning To China\u2019s Economic Downturn?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 id=\"remote-working-not-by-choice-but-by-force-blessing-in-disguise\"><span class=\"ez-toc-section\" id=\"Remote_Working_Not_By_Choice_But_By_Force_Blessing_In_Disguise\"><\/span><strong>Remote Working: Not By Choice, But By Force. Blessing In Disguise?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Remote working is being forced on companies who are finding it more productive than they initially thought. Companies like Slack, Zoom, DingTalk (In China) have been massive gainers to help the remote workforce. <strong>Read more on financial times<\/strong><\/p>\n\n\n\n<h3 id=\"closed-shops-empty-stores-narrate-a-no-demand-story\"><span class=\"ez-toc-section\" id=\"Closed_Shops_Empty_Stores_Narrate_A_No_Demand_Story\"><\/span><strong>Closed Shops, Empty Stores Narrate A No Demand Story<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Companies being pushed to close their offices coupled with consumers staying quarantined at home has had a deep impact on the demand as well. Giants like Starbucks, Nike, Apple etc. have already started to face the consequences. <strong>Read more on BBC<\/strong><\/p>\n\n\n\n<h3 id=\"cost-saving-leads-to-over-dependencies-which-are-a-bottleneck-now\"><span class=\"ez-toc-section\" id=\"Cost_Saving_Leads_To_Over_Dependencies_Which_Are_A_Bottleneck_Now\"><\/span><strong>Cost Saving Leads To Over Dependencies Which Are A Bottleneck Now.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Manufacturing activities in China have taken a hit due to the CoronaVirus. Companies\u2019 dependency on China for manufacturing has led to a slower production of goods to serve the demand in the rest of the world.\u00a0<strong>Read more on the Business Line<\/strong><\/p>\n\n\n\n<h3 id=\"the-story-of-empty-airports-and-hotels\"><span class=\"ez-toc-section\" id=\"The_Story_Of_Empty_Airports_And_Hotels\"><\/span><strong>The Story Of Empty Airports And Hotels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Tourism as a industry has taken a deep hit globally. While no one is travelling to China for obvious reasons, world over airports are empty because of absence of chinese tourists and preemptive precaution by others. <strong>Read more on NY Times<\/strong><\/p>\n\n\n\n<h3 id=\"is-it-the-beginning-to-china-s-economic-downturn\"><span class=\"ez-toc-section\" id=\"Is_It_The_Beginning_To_Chinas_Economic_Downturn\"><\/span><strong>Is It The Beginning To China\u2019s Economic Downturn?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>At a Macro level, it has profound impact on China and neighbouring country\u2019s economies (Including India). Most analysts have corrected the GDP growth rate which they forecasted earlier. While some draw an analogy to the 2003 SARS outbreak, the economic conditions in China are a lot different today than in 2003. <strong>Read more on Business Insider<\/strong><\/p>\n\n\n\n<p>Forming a\u00a0<strong>florida llc<\/strong>\u00a0is easy and affordable. Check out MoneyBrighter from more information.<gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<p>All of us need to be better prepared for such sev.ere endemics and the preparation of business world should be one step ahead to mitigate the above risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2000+. Yes, that is the latest number of deaths estimated world wide due to Wuhan Corona Virus. The biggest virus outbreak post SARS in 2003 (which incidentally also originated from China) has not only caused severe health related concerns but has also jolted businesses (or at-least the way they operate) in more than one way.&nbsp; &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.refrens.com\/grow\/corona-virus-5-stories-to-understand-the-impact-on-business\/\"> <span class=\"screen-reader-text\">Corona Virus: 5 Stories To Understand The Impact On Business.<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":8,"featured_media":4179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[5],"tags":[],"jetpack_featured_media_url":"https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png","uagb_featured_image_src":{"full":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",1280,720,false],"thumbnail":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-150x150.png",150,150,true],"medium":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-300x169.png",300,169,true],"medium_large":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-768x432.png",768,432,true],"large":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-1024x576.png",1024,576,true],"1536x1536":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",1280,720,false],"2048x2048":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",1280,720,false],"refrens-yarpp-thumbnail-w200":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",200,112,false],"newspack-article-block-landscape-large":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-1200x720.png",1200,720,true],"newspack-article-block-portrait-large":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-900x720.png",900,720,true],"newspack-article-block-square-large":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-1200x720.png",1200,720,true],"newspack-article-block-landscape-medium":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-800x600.png",800,600,true],"newspack-article-block-portrait-medium":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-600x720.png",600,720,true],"newspack-article-block-square-medium":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-800x720.png",800,720,true],"newspack-article-block-landscape-small":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-400x300.png",400,300,true],"newspack-article-block-portrait-small":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-300x400.png",300,400,true],"newspack-article-block-square-small":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-400x400.png",400,400,true],"newspack-article-block-landscape-tiny":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-200x150.png",200,150,true],"newspack-article-block-portrait-tiny":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-150x200.png",150,200,true],"newspack-article-block-square-tiny":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-200x200.png",200,200,true],"newspack-article-block-uncropped":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85-1200x675.png",1200,675,true],"yarpp-thumbnail":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",120,68,false],"web-stories-poster-portrait":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",640,360,false],"web-stories-publisher-logo":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",96,54,false],"web-stories-thumbnail":["https:\/\/www.refrens.com\/grow\/wp-content\/uploads\/2020\/02\/85.png",150,84,false]},"uagb_author_info":{"display_name":"Sakshi Baid","author_link":"https:\/\/www.refrens.com\/grow\/author\/sakshibaid\/"},"uagb_comment_info":0,"uagb_excerpt":"2000+. Yes, that is the latest number of deaths estimated world wide due to Wuhan Corona Virus. The biggest virus outbreak post SARS in 2003 (which incidentally also originated from China) has not only caused severe health related concerns but has also jolted businesses (or at-least the way they operate) in more than one way.&nbsp;&hellip;","_links":{"self":[{"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/posts\/255"}],"collection":[{"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/comments?post=255"}],"version-history":[{"count":3,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/posts\/255\/revisions"}],"predecessor-version":[{"id":26923,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/posts\/255\/revisions\/26923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/media\/4179"}],"wp:attachment":[{"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/media?parent=255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/categories?post=255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.refrens.com\/grow\/wp-json\/wp\/v2\/tags?post=255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}