Page 1 - Coronavirus Pandemic by Elias Amash

The Coronavirus Pandemic’s Impact on the Global Supply

Chain is Much Worse than we Know and How You Can Work

Around It

By Elias Amash

With a massive number of confirmed cases of this dangerous coronavirus named COVID-19 and

the total is rising every day, the impact of the pandemic continues to take a major toll on the
global economy. To be exact, it has caused inconsistencies in stock prices, upsetting earnings

projections, and even delaying major sports and entertainment events around the world. Some

of these include the cancellation of the NBA, NHL, MLB and now college basketball’s March
Madness tournament. Naturally, governments of all countries affected and health care agencies

are working to stop the spread of coronavirus and to treat those who are infected. What is

more, manufacturers and retailers in both big and small industries are struggling to manage the

epidemic’s increasing impact on their supply chains. Moreover, many industries are addressing

a supply chain crisis that specifically comes from weaknesses in their sourcing strategies.

Just how serious the crisis became can be seen in data presented by Resilinc, a supply-chain-
1
mapping and risk-monitoring company . They released data that shows the number of
industries located in the quarantined areas of Italy, China, and South Korea. It also shows the

number of items supplied from the quarantined regions of China.

It is evident that the global market is experiencing tremendous difficulties as investors are
progressively panicking over the economic impact of the coronavirus on the global supply

chain. At the same time, yields on long-term U.S. government debt fell to all-time lows, which is

1 https://www.resilinc.com/