The COVID-19 outbreak is undeniably a great human tragedy. Besides the impact on human lives, the pandemic has already caused severe disruption to the global economy. Supply chain fallout over the COVID-19 outbreak is snowballing and impacting businesses of all size. Businesses that understand the true impact to their own operations and act proactively to diversify their portfolio of suppliers and limit their dependencies, could see far less interruption in their operations.
Dun & Bradstreet is monitoring the impact of the COVID-19 outbreak to businesses globally and can offer visibility into your supply chain as granular as on a PIN code level. From specific reports to full data and analytics, we’re here to help.
The COVID-19 outbreak comes at a time when global economic headwinds were alreAs the pandemic develops, the role of finance leaders is also being elevated to new heights. Charged with helping to grow the business profitably and the management of an ever-increasing array of risks, the key decisions that the finance leaders take now will likely decide the sustainability of their businesses in the long term. Although many are beginning to leverage modern tools to mitigate risk, there is much work to be done to advance the effectiveness and business results of risk management approaches.
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The COVID-19 outbreak comes at a time when global economic headwinds were already high and threatens to disrupt the global economy with fears of recession looming in many countries. A fall in the optimism levels amidst heightened uncertainty has led to a ‘double whammy’ – closure of businesses leading to global supply chain disruptions, and a steep fall in the consumption.
However, the impact of COVID-19 outbreak will be disproportionate. While some sectors will be severely impacted, some will see a positive impact. The recovery for some sectors will be quick, whereas some will take a much longer time. Hence it is important for business leaders to be aware of these outlooks to shift sales activities to opportunities that are less likely to have disruptions and fill pipeline gaps.
Dr. Arun Singh, Chief Economist, Dun & Bradstreet India speaks on the topic, “One year outlook of the economy after COVID-19 and where we are headed”.