McKinsey & company has established an insightful report regrading Coronavirus COVID-19’s effect on global business.

In this report which was published on February 28, it is shown that a rising number of countries show evidence of community transmission:

crona.1

By the spread of the virus outside China, countries effected tend to make more action. Iranian government decides to close schools, universities and cultural centers. Also Surrounding countries responded with border closure (e.g., Armenia, Afghanistan, Iraq).

Even limited propagation within the Europe complex (e.g., to France, Germany), and concern around “case leakage” could cause large behavior changes by governments, firms, and individuals (e.g., curtailment of travel). Regardless of the precise clinical situation, such actions could easily drive a global economic impact that takes longer to recover from relative to previous estimates:

crona3

The report presents three main scenarios for how COVID-19 could evolve which are quick recovery, global slowdown and global pandemic and recession.

As it is mentioned in the report, all sectors are impacted, with several seeing more severe consequences through Q2 2020 through the rest of the year, the most affected ones are tourism and hospitality, aviation/airlines, automotive, oil and gas, consumer products and consumer electronics and semi-conductors.

But what are the actions to consider in response to COVID-19?

McKinsey & company provides a checklist for COVID-19 planning actions:

Protect employees, Stand-up a cross-functional COVID-19 response team, Work stream based goals, Practice plan with top team through in-depth table-top exercise and demonstrate purpose.

crona6

For more detailed information, you can visit their website:

https://www.mckinsey.com/

1 1 1 1 1 1 1 1 1 1 Rating 0.00

Add comment


Security code
Refresh

Food Trade

Food Trade

PERSOL Corporation has started trade of essential commodities in 2015. Persol aims for the supply of best food with the best quality in order to support her client from A to Z.

View
Mining

Mining

Currently PERSOL supplies 80,000 MT iron ore per month from its own mining fields and is in a position to supply almost the same quantity from other plants.

View
Chemicals

Chemicals

View

About Us

PERSOL Corporation professionally  supplies and exports Petroleum Derivative Products and Petrochemicals from Iran to different destinations and is an icon among the other active groups in this sector.

  • Address: Hq.: Unit 39, No.5, Bidar St., Elahiyeh, Modarres Hwy.,Tehran
  • Postal code: 1964914168
  • Tel: (+9821)26208312/19
  • Fax: (+9821)26208331
  • Email : info@persol.ir

Quick Contact

Your Name:
Invalid Input

Message:
Invalid Input

Captcha:(*)
Captcha: Invalid Input