Coronavirus Impacts on Business Sectors

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Why Coronavirus (COVID-19) ?

COVID-19 is a disease caused by coronaviruses. This disease emerged the first time in China in 2019. This virus has many different kinds. Coronaviruses are zoonotic; they are transmitted between animals and humans. It is large in size with a cell diameter of 400-500 micrometers. The disease appears to be caused by the fusion of the gene between a snake and a bat and has acquired the ability to infect mammals, including humans.

This virus does not settle in the air but on the ground, so it is not transmitted by air. When it falls on fabrics stay for 9 hours. This virus when falls on the metal surface can live for 12 hours. This virus lives on hands for about 10 minutes. If this virus is exposed to a temperature of 26-27 degree will be killed. So it does not live in hot areas.

SYMPTOMS that Effects Life and Business

If a person is suffering from this disease he will have the following symptoms.
• Running nose
• Sore throat
• Cough
• Difficulty breathing
• Nausea
• Bluish lips or face
• Persistent pain
• Inability to arouse
• Fever

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Mode Of Spread that Makes People in Trouble

The virus is thought to spread mainly from person-to-person.
➢ Between people who are in close contact.
➢ Through respiratory droplets when an infected person coughs.

When a person coughs or sneezes these droplets land in mouth or nose and are inhaled into the lungs.

WHO IS AT HIGHER RISK?

▪ Older people and who have severe chronic diseases like diseases of heart or lungs or
diabetes are at higher risk of developing serious complications from COVID-19.
▪ Immunocompromised patients.
▪ Very young children and babies.
▪ Pregnant women should avoid infection.

IMPACTS OF CORONA VIRUS ON BUSINESS SECTOR


Coronavirus
is shaking up business on a massive scale. Public and private sectors are both affected by this virus. Economic consequences of this black swan event are not clear yet. Its major impact is on digital media, payments and commerce, banking, telecom and technology and health care.
Digital Media: Global media ad spending is badly affected by a coronavirus. In 2020, it is
expected that total reaches $691.70 billion, that’s a decrease from the previous forecast, which estimated would rise by 7.4% to $712.02 billion this year.

Cancellation of events due to coronavirus: Lack of client and customer meetings, dinners, informal gatherings, and personal touchpoints will have a significant impact on sales rates. Marketers have to find opportunities to deliver personal experiences from a distance.
Fintech funding: Fintech funding totals will be down. Fintech funding was up to 30% in 2019 but due to coronavirus economies slows down globally, 2020 fintech finding levels may come in far lower. Consumers will flock to savings options, as the stock market continues to fluctuate. Small and medium-sized businesses have to turn to loans if consumers reduce their spending.

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Banking: Coronavirus could reduce total branch visits which will force banks to reduce their working hours or to close branches temporarily. This could lead to increase activity in call centres and digital channels as consumers will still need access to their money. Central banks have been making emergency rate cuts. This will encourage loan activity and discourage them from offering high-interest rates on savings accounts for the sake of profit.
Health Care: Health care providers are extending the reach of professionals to patients as they are advised to stay home due to fear of spreading coronavirus. Disease Control and Prevention Centers are providing updates about coronavirus, as it’s necessary for providing to stay on top of the latest developments. The capabilities of cloud developers can be utilized to speed up drug development.
Telecoms and Technology: Impact of coronavirus has been a major disruption to supply chains. This led to partial and full shut downs of plants and factories. Many of the conferences have been cancelled due to the spread of coronavirus. Mobile World Congress, which was to take place in Barcelona, was cancelled.

Follow These PRECAUTIONS Steps 


Steps to protect yourself
1. Clean your hands often with soap.
2. Use hand sanitizer that contains 60% alcohol.
3. Avoid touching high-touch surfaces in public places.
4. Avoid touching your face, nose, eyes, etc.
5. Clean and disinfect your home to remove germs.
6. Avoid crowds, especially in poorly ventilated spaces.
7. Avoid all non-essential travel.
8. Keep a distance between yourself and other people.

Steps to Protect Others


1. Stay home if you are sick.
2. Cover your mouth and nose with a tissue when you cough or sneeze.
3. Throw used tissues.
4. Clean your hand with hand sanitizer.
5. Wear a facemask if you are sick.
6. If you are sick stay away from others.
7. Limit contact with pets and animals.

Steps Employers Should Take to Maintain a Safe Workplace

1. Educate and communicate regularly with employees.
2. Monitor developments.
3. Appoint emergency management team.
4. Ensure good hygiene practices.
5. Encourage sick employees to stay home.
6. Limit business tours.
7. Maintain flexible policies that permit sick employees to stay home.

There is no specific medicine to prevent or treat coronavirus. People may need preventive care to help them breath.

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Use as much natural vitamin C as possible to strengthen your immune system.
Professor Chen Horin, CEO of Beijing Military Hospital, said: “Sliced lemon in a glass of worm water can save your life.” Hot lemon can kill cancer cells! Cut the lemon into three parts and put it in a glass, then pour hot water and transform it into alkaline water, drink it every day it will definitely benefit everyone.

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