Question

how has teh coronavirus impacted supply chains?

5 pages with 5 credible citations.

Answer 1

IMPACT OF CORONA VIRUS ON SUPPLY CHAINS

The impact of corona virus { Covid 19 } has created and put a challenge over almost in all fields of our economy. The virus has created impact over the primary, secondary and tertiary sectors existing in the economy. It has created a tremendous effect on manufacturing, processing and transportation industries.

There is no doubt that the major effect will be to the companies who mainly depends on China for the parts of their item to be manufactured. The outbreak of Corona has created a very fearful situation in China. The government in China has surrendered a large part of their population. But on the other side the situation become crucial at this action, because this surrendering will affect the transportation facilities and it will lead to a situation more tight to be tolerated.

It is important for a company to meet their production with the demand. But when the supply being interrupted the companies become unable to meet the production and gradually the company is forced to cease the production. And the effect is unpredictable and can't be stabilized at any manner.

When there will be limited production the demand and price of the goods will be in a hike and such sudden unexpected rise in the price can't be tolerated by the customer, as he goes out through such a condition.

World's most important companies and dealers have well made connection with China and these connections and for most of them the country is unavoidable to sustain their production. But due to the outbreak the situation is now worse and the other measures take to overcome this situation became useless due to the over dependence of this nations.

And now there come to exist is the travel ban for the citizens in particular nations and also the import and the export became affected by this limitation of government to control this virus.

The stock market and the stock exchange is also destructed in the past days. The market if facing one of the never faced fall and the investors are at high risk.