Recent COVID-19 pandemic has caused havoc and chain of economic downturn is hitting the world. Several hundreds of thousands employees are being laid off following the industry shutdowns and filing of bankruptcy by the organizations. This situation is pushing the unemployed people on how to get new jobs since the petty aid they are receiving is not sufficient to maintain the living standards. Continue reading →

Today, the whole world is involved in a fierce battle to counter an attack of the SARS-COV-2 virus, causing a worldwide dissemination of the COVID-19 disease and its consequences for society. Not only the health impacts will be severe, but also the economic effects will be devastating. Some people consider this worldwide catastrophe being a “black swan” and see it as something completely unexpected and unthought-of. Yet, every virologist knew this was bound to happen. Continue reading →

Countries globally are working tirelessly to enforce containment measures in an effort to halt the Coronavirus’ path of destruction.  However, these measures may impose significant consequences on global supply networks.

Given China’s position in the global economy, the Coronavirus, COVID-19 , has the potential to disrupt sourcing and manufacturing processes significantly. Continue reading →