IMPACTS OF COVID19

PANDEMIC ON

GLOBALIZATION

1. REDUCED TRANSPORTATION
Air travel, sea travel, and trade have been
reduced due to the implementation of
international and local travel bans.

2. DECREASED IN WORKFORCE
Workforce are also affected globally and
almost 1.6 billion informal economy workers
are significantly impacted by the lockdown
measures.

3. LOWER PRODUCTION AND HIGHER

PRICE OF GOODS
COVID-19 resulted in the movement
restrictions of closure of food production
facilities, restricted food trade policies, and
financial pressures in food supply chain.

4. PROMOTION OF LOCAL PRODUCTS

Local products will likely increase as
international products will be restricted
upon entering other countries.

5. ONLINE SELLING PLATFORM ARISES

Due to quarantine, people's way of buying
items has changed. Customers can place
orders one-handed from the device that is
likely in their hand or pocket at all times.