Examining the Potential Long-Term Impacts of the COVID-19 Pandemic on Global Supply Chains and Commercial and Industrial Development

Examining the Potential Long-Term Impacts of the COVID-19 Pandemic on Global Supply Chains and Commercial and Industrial Development


February 2021

The COVID-19 pandemic has had an extremely disruptive impact on many countries and businesses around the world. Some companies, particularly those that produce pre-packaged food for grocery stores and businesses in the health care sector, have experienced increased demand during the virus-induced economic slowdown. By contrast, companies in most other business segments experienced at least short term production and sales declines, in some cases by nearly 100%, as the stay at home requirements forced business closures that curtailed all or nearly all activity in some business sectors. Consumers are also modifying their behaviors due to being laid off, working from home, having children attend school from home, and/or physical distancing (typically referred to as "social distancing") requirements.

 

Keywords: Chip Millard , Supply Chain, Industrial, COVID-19


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