The only constant in the technology industry is change.
- Marc Benioff
Covid-19 has posed obstacles as well as a range of opportunities through various market segments. The pandemic has caused catastrophic losses to the global economy, and the loss of human life in an age of world stability has been unparalleled. However, businesses that continue to add value to their customers' lives directly or indirectly as a result of the COVID-19 pandemic will definitely thrive in the post-covid era too!
As a global outbreak, Covid-19 has led to a continuous lockdowns, factory closures, and self-quarantines to name a few impacts. China, as the hub of the supply chain in the world, has accounted for the most extensive lockdown period. This leads to the closure of several industries, such as mobile phones, iron refineries and automobiles. In due course, COVID-19 created adverse effects on stock flow, lead-time operations and created a barrier to existing supply chain management.