IMPACT OF COVID-19 ON BUSINESS

PRESENTATION BY-
KEERTHANA K R
RATHNAMALA V
SANDHYA K
SHANKAR S
 INTRODUCTION
Disrupted Business Activity Impact varied across the region

Some businesses have positive impact

Some businesses have negative impact GDP Rate

Guidelines regarding import/export, MSME and other sectors

POSITIVE IMPACT OF COVID-19 ON BUSINESS
 Rapid acceleration and behavioural change
 Development of strategy
 Digital Transformation in Retail category and traditional business
 Some business models have failed, while others have thrived
 E-commerce is the “New-Black” (Digitization of silver generation)
 Types of businesses that got hit during Covid-19

 Online grocery apps/stores

 Disruption forum Retail with top brands such as IKEA, eBay, Zabka, Delivery Hero etc
 Small provision stores
 Swiggy/Zomato (No-contact delivery)
 New ideological constructions in many critical subject disciplines such as Medicine, Economics,
political science, Sociology, robotic sciences, humanistic sciences
 Medical shops
 Mask businesses
 Game Makers
 Delivery services
NEGATIVE IMPACT OF COVID-19 ON BUSINESSES
SMALL BUSINESSES-
• The pandemic has sped up the pace of digitization across sectors and large
businesses have reaped advantages like cost reduction and increased productivity.
• Small businesses are the hardest hit across countries and sectors, India is no
exception.
• The pandemic has exacerbated some of these issues and made scaling up of these
small industries activities even more difficult.
 AREAS WHICH HAVE BEEN INFLUENCED
 DOMESTIC PRODUCTION
Family/Cottage level businesses, agricultural practices have come down including other small-scale handicraft
productions in the society
 TECHNICAL KNOWLEDGE
More use of the internet for sharing ideas, knowledge, news, etc has increased due to which many small
industries who lack technical knowledge could not survive in the market
 MICRO AND SMALL BUSINESSES
Daily wagers have been affected in a larger way. Retailers, wholesalers, distributors, manufacturers has
effected the society at large
 GOVERNMENT POLICIES
Delay in taking the decisions have impacted many small sectors to shut down. It is becoming a loophole for
such businesses.
 SOME TYPES OF BUSINESSES EFFECTED
 STREET VENDORS/ FOODSTALLS
 PARLOURS AND SALOONS
 FLOWER DECORATORS
 TAILORS
 PRIVATE SCHOOL VANS AND TAXIES
 BAKERIES
 RETAIL OUTLETS IN MALL
 THEATRES
 SMALL HOTELS/SMALL CAFES
 HOW HAVE THE COMPANIES BEEN EFFECTED?
 Global trade
 Revenue drop
 Online communication (Cloud technology)
 Digital and remote working technology
 Purchase software's
 CONCLUSION
 Stagnation and disruption
 Need to help the world economy
 Mission of well being
 Need to find new sources of growth
THANK YOU