{"id":16129,"date":"2020-04-04T11:12:04","date_gmt":"2020-04-04T05:42:04","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=16129"},"modified":"2024-10-03T13:22:35","modified_gmt":"2024-10-03T07:52:35","slug":"impact-of-coronavirus-on-businesses","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/impact-of-coronavirus-on-businesses","title":{"rendered":"Impact of Coronavirus on Businesses"},"content":{"rendered":"\n<p>According to WHO, Coronavirus outbreak has been declared as a global pandemic. Companies all around the world are concerned about the spread of this virus as well as the effect it\u2019s going to cost on their business. This pandemic is estimated to cost the world economy around $1Tn as per the present impact.<\/p>\n\n\n\n<p>This number is likely to increase manifolds. Social distancing as well as lockdowns all over the world are impacting start-ups as well as enterprises conduct their day-today workflows.<\/p>\n\n\n\n<p>In India, the impact of this pandemic\nis not just hampering selected sectors, but is also evident across all sectors of\nthe economy. The activities related to venture capital is experiencing a\nslowdown because of social distancing. Meeting with clients and customers are\nhampered to a great extent because of self-isolation. <\/p>\n\n\n\n<p>The demand and supply of the\neconomy is negatively influenced, and has forced the industry leaders to lower\ntheir revenue forecasted for the last quarter of financial year 2019-2020.\nAmidst all this chaos, investor sentiments are also hampered, resulting in an\noverall dip in the market economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"impact_on_the_corporate_industry\"><\/span>IMPACT ON THE CORPORATE INDUSTRY<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With this disturbance in the market, do you think the employment of regular corporate employee is safe? Several reports have estimated that this outbreak in India will result in IT firms decreasing their hiring by 30%.<\/p>\n\n\n\n<p>Not just hiring, few companies have already announced that they will not be giving any hike to their employees in this financial year. And if the management of corporate companies see a loss after a few months, they may even start laying off their employees. <\/p>\n\n\n\n<p>For example, Mastercard cut its growth forecast, Amazon and Nestl\u00e9 has suspend international travel, various airlines cancelling their international flights.<\/p>\n\n\n\n<p>As the virus is spreading in\nIndia so rapidly, consumers are staying at home avoiding all restaurants, stores\nand other businesses.<\/p>\n\n\n\n<ul>\n<li>In terms of imports, India is hugely dependent on China (where the businesses are still shut). China accounts for a huge portion of the top 20 products that are imported to India. Our total imports in electronics from China is about 45%.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>One-third of machinery and two-fifth of organic chemicals used in India are imported from China. Around 70% of pharmaceutical ingredients and a whopping 90% of mobile phones come from China.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Talking about exports, China is our 3rd largest export partner. Sectors like plastics, organic chemicals, fish products, ores, cotton, etc. are bound to face tremendous problems.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>About 72% of companies present in India are also located in cities like Beijing, Shanghai, Guangdong, Shandong and Jiangsu. This pandemic would affect sectors like manufacturing services, Industrial manufacturing, IT and BPO, Airlines Logistics, Chemicals, and tourism to huge extent.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"need_of_the_hour\"><\/span>NEED OF THE HOUR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>What should a regular corporate\nemployee do? Those who are facing layoffs, those who are not sure whether they\nwill sustain in the company? What should those college pass outs do who are\nwaiting for their offer letters but are still not sure of securing the job?\nWhat should they do who are still unemployed?<\/p>\n\n\n\n<p>The only answer to this is to look for alternative options. This is important because of the pandemic. 2020 is no longer a year where you can expect job security. It doesn\u2019t matter if you work for an MNC or a start-up or how good you are in what you do. Every one of must look out and grab every opportunity there is, to earn extra income. And one sure-shot thing that you can do to earn massive commissions from the comfort of your home is by becoming a <strong>TECH BANDHU<\/strong>.<\/p>\n\n\n\n<p>Tech Bandhu is an initiative by <a href=\"https:\/\/www.techjockey.com\/\">techjockey.com<\/a> which helps customers get the software that they want. All <strong>YOU<\/strong> need to do is connect us with the potential customers, and that\u2019s it. Just share software or hardware links given on the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.tech.bandhu&amp;hl=en&amp;showAllReviews=true\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" aria-label=\"Tech Bandhu app (opens in a new tab)\">Tech Bandhu app<\/a> with the ones who would need them. This is already helping working professionals like you to earn up to 2 Lacs per month, and that too without any investment.<\/p>\n\n\n\n<p><strong>To help you all during this Covid-19 outbreak, we have decided to waive off the registration fee of \u20b9149. We want you to grow, irrespective of the situation outside.<\/strong><\/p>\n\n\n\n<p>All you just have to do is\nregister here: <a href=\"https:\/\/www.techjockey.com\/tech-bandhu\">https:\/\/www.techjockey.com\/tech-bandhu<\/a><\/p>\n\n\n\n<p>What You\u2019ll Get as Tech Bandhu?<\/p>\n\n\n\n<ul>\n<li>More than 10,000 software options to sell across businesses and individuals<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Flexibility to work at your own time &amp; from anywhere<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Discounts &amp; deals on different products to make software selling easier<\/li>\n<\/ul>\n\n\n\n<p>This is a golden opportunity to increase your monthly income by 10 times. Explore new opportunities and <a href=\"https:\/\/www.techjockey.com\/blog\/earn-money-quickly-with-zero-investment\">earn extra money part-time<\/a> along with your 9 to 5 job. Join the Tech Bandhu Program of Techjockey.com today! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to WHO, Coronavirus outbreak has been declared as a global pandemic. Companies all around the world are concerned about the spread of this virus as well as the effect it\u2019s going to cost on their business. This pandemic is estimated to cost the world economy around $1Tn as per the present impact. This number [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":16165,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7684,81],"tags":[7665,7666],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Impact of Coronavirus on Businesses | Covid-19 Pandemic<\/title>\n<meta name=\"description\" content=\"With the coronavirus outbreak, along with the people, it\u2019s businesses that are suffering most. 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