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1 Major changes in the international business arena due to the COVID-19 situation? (100 words)
2 Most successful trade blocks of the twentieth century? (100 words)
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COVID-19 has changed the way businesses operated. There are multiple changes that have been
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implemented to tackle the issues due to COVID-19 situation. The most prominant change is the changes at
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the workplaces. Remote working has been implemented by many organizations and approximately 70 to automated text message with a link to get the app. Standard
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80 percent of the employees of an organization are working remotely. The production facilities and
manufacturing facilities are now working at minimal capacities ensuring enough distancing which is
necessary for handling the COVID-19 situation. The supply chain has been slower and minimalistic in their
approach. Automation is pacing up in many organizations and their supply chain and operations. Also, the
use of technology is increasing to improve the coordination among the employees across organizations. My Textbook Solutions
The international business landscape has been slowed down because of lockdowns in many regions,
however, with effective policies and cares the international businesses are now able to keep their supply
chains operational.
Hence, if we look holistically, the efficiency at the workplace can be seen as an improvement to the
previous workplaces in international business however, the production and output have gone down and so
has the demand for goods and services. Hence, these are the major changes in the international business
environment because of theCOVID-19 situation. Corporate Medical-
Finance Surgical...
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