Bhavan'S B.P Vidya Mandir, Ashti: Activity On Business Environment

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Bhavan's B.

P VIDYA MANDIR ,
ASHTI
ACTIVITY ON BUSINESS
ENVIRONMENT
TOPIC :- IMPACT ON BUSINESS
CONTENTS

Impact of COVID on business


1 environment

2 Positive impact

3 Negative impact

4 Va l u e s l e a r n t
Impact on business environment
The COVID-19 pandemic outbreak has forced many
businesses to close, leading to an unprecedented
disruption of commerce in most industry sectors.
Retailers and brands face many short-term challenges,
such as those related to health and safety, the supply
chain, the workforce, cash flow, consumer demand,
sales, and marketing. However, successfully navigating
these challenges will not guarantee a promising future,
or any future at all. This is because once we get
through this pandemic, we will emerge in a very
different world compared to the one before the
Many markets, especially in the
fields of tourism andThospitality,
h e N e w
no longer exist. All C o r o n a v i r
u s
organizational functions are
intended to prioritize and
optimize spending or postpone
tasks that will not bring value in
the current environment.
Companies, especially start-ups,
have implemented an indefinite
hiring freeze. At the same time,
online communication, online
entertainment, and online
POSITIVE
IMPACT
T h e INDUSTRY
MASK N e w
T h e N e w
C o r o n a v i r
C o r o n a v i r
u smarket
The global protective face masks
u s
registered a revenue of nearly $1,073.1
million in 2019, and is anticipated to grow at
10.8% CAGR, surpassing $2,467.5 million by
2027 The patient handling equipment market
is predicted to have a positive impact due to
the pandemic. Increasing cases of corona
rises the demand of protection mask across
the globe is predicted to drive the market in
the forecast period. On the other hand
lesser profit margin is predicted to hinder
Rise in the demand for protective masks is predicted to drive the
market in the estimated timeframe. Increasing uses of mask for the
safety of the people, which helps them in preventing bacteria and
pollution effects is predicted to boost the global protective face mask
market in the estimated period. Due to lesser profit margin, most of
the companies are not interested in getting into manufacturing of
masks which is predicted to hinder the market growth in the
estimated period.
Most companies are focusing more on developing protective masks,
which is predicted to create more investment opportunities for the
players to invest in the market in the estimated timeframe. For
instance, Switzerland’s Federal Institute of Technology Lausanne
(EPFL) and Laboratories for Materials Science and Technology
(Empa) have developed a transparent face mask which lets the other
person see behind the PPE masks. These masks are developed
HAND SANITIZER
The impact of the COVID-19 hand sanitizer market size is expected to be
positive as the pandemic has caused booming sales of hand sanitizers
around the world, shares Fortune Business Insights™ in its report, titled
“Impact of COVID-19 on the Global Hand Sanitizer Market Size, Share,
Industry Analysis and Regional Forecast, 2019-2026”. With coronavirus
cases reaching new highs daily, the demand for hand sanitizers has
witnessed a meteoric rise since March 2020.
The CNBC reported in March that hand sanitizer sales in the UK rose by
255% in February, forcing retailers such as Boots to cap the number of
sanitizers purchased at two per person. Similarly, in Italy, hand sanitizer
sales grew astronomically by a startling 1,087% in February, just as the
pandemic was gathering momentum, the CNBC highlighted in its report.
M E D T Ih Ce ANLe w
The COVID-19 impact on S the PC Po L
U global r medical
oI E
n aS vsupplies
i r market is expected to
reach USD ~100 billion by 2021 u from
s an estimated value of USD ~78 billion in
2019, growing at a CAGR of ~13.4% during the forecast period. The market for
medical supplies is driven primarily by the growing awareness on
environmental & personal hygiene leading to rising demand for disinfectants ,
expansion of healthcare settings owing to increasing COVID 19 patients,
increased requirement of PPE kits & N95 masks globally, rising demand for
ventilators, and increasing demand for diagnostic supplies. In addition,
repurposing liquor production lines to manufacture sanitizers offers an
opportunity for players in this market. However, delays in non-urgent treatment
and surgical procedures and impact on supply chain and logistics due to
lockdown is likely to restrain the growth of this market.
NEGATIVE
IMPACT
T R AV E L &
T h e N e w
The travel & tourism industryTOCisoU
severely
rRoI SnMaaffected
v i r by the coronavirus
outbreak. With COVID-19 being u s a pandemic, people are avoiding travel to
different countries and cities, which has negatively impacted the travel
business and has affected the tourism benefits of the affected countries.
Airlines are drastically cutting flights and flight rates as more people have
decided not to fly during the outbreak. According to the International Air
Transport Association (IATA), global airlines may lose $113 billion in sales if
the coronavirus continues to spread at this pace.
The U.S. airlines asked for over $50 billion in federal assistance due to the
dramatic decrease in passenger traffic.
At the end of the year, airlines can have 11-19% loss in global passenger
revenues, according to IATA.
S P O RT S &
E N T E R TA I N M E N T
T h e & ENTERTAINMENT
SPORTS N e w
Disney and Universal Studios have planned to shut down several theme parks
C o r o n a v i r
as large gatherings may trigger the spread of coronavirus.
u s
The NBA has suspended its season after a player was tested positive for
COVID-19. Also, Arsenal Football Club has placed its players in self-
isolation and postponed the Manchester City game due to coronavirus.
Movie theaters are temporarily locked down in parts of India, amidst the
02
COVID-19 spread.
The entertainment industry is adversely affected by the coronavirus outbreak.
However, as more people stay at home, in self-isolation, and take quarantine
measures, there is increased use of alternate entertainment services such as
games, video-on-demand,
04
etc. According to the Financial Times, the number
of app downloads surged in China after the nationwide isolation measures
were taken. Video streaming companies such as Netflix, Amazon, Disney+
are expected to have a rise in the number of subscribers in the impact of
SMALL
T h e BUSINESS
N e w
C o r ocomes
The fallout from the coronavirus pandemic n a vinto
i rsharper focus, the position of the
nation’s small businesses appears,uoverall,
s to be particularly bleak.1 By mid-April,
according to a report from the Facebook & Small Business Roundtable, about a third had
temporarily stopped operating,2 and by mid-May more than half had laid off or furloughed
1
employees. Our analysis of several surveys of small businesses suggests that before
accounting for intervention, 1.4 million to 2.1 million of them (25 to 36 percent) could close
permanently as a result of the disruption from just the first four months of the COVID-19
pandemic.3 .Some small businesses may close because they’re in industries, such as
accommodations, food service, and educational services, that are affected by changed
customer behavior, especially the physical3 distancing and mandated operational
restrictions that began during the pandemic. Other small businesses may close because
they were already at risk financially before the crisis. Indeed, recent research by the Federal
Reserve4 finds that only 35 percent of small businesses were healthy at the end of 2019 and
that less healthy ones were three times more likely than the others to close or sell in
T h e N e w
C o r o n a v i r
u s
VA L U E S L E A R N T
T h e N e w
C o r o n a v i r
u s
1. Able to gather knowledge about
current situation of business..

2. Analyse it's impact on Indian


economy..

3. Came to know about the positive


and negative effects of the
pandemic..
T h a n k Yo u
Presented by :-

KHUSHI JAIN
12-B
1220B

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