IMPACT OF LOCKDOWN ON BUSINESS/INDUSTRIES

Corona or covid 19 virus is an evolved virus of 21st century. It is said that it is evolved from a very deadly virus known as sars(severe acute respiratory syndrome) which surfaced earth in 2000s.it was called as COV 1 and in december 2019 this virus again surfaced earth after an evolution with more deadly effects and because of its severe effects it is known as covid 19. It transfers from human to human body and that is we many countries have decided to lockdown the country to control or break the chain of transferring virus because of failure of the trial every antidode and vaccine made to defeat covid 19.   

Lockdown is necessary to fight against covid 19 but it have very worst effect on business and industries because of the lockdown only the microworkers and the deskjob employees can work from home but if there is no manpower to work for the production of any how can any industry produce any product.

‌And if there is no production then only online service provider companies, software companies and entertainment companies like- tata sky, tik tok, facebook, zoom video conference,   instagram will have profit because their employees can work from home these companies are run by brain power and employees can complete any task from home‌. But the companies which run on man power or production in industries  are facing a big loss because these type of companies which run on material consumption and production have to sell products to earn profit and pay the interest for the loans they  for the investment for the production because most business owner use this strategy for their business and if the consumption of the product is reduced then the company will face loss even if the company's product is in high demand then also the company does not have any manpower to run industry  because of the lockdown. So every company or business which runs on material like TATA, MARUTI, PARLE, will face loss either their product is in demand or not because their is no manpower to run industry because of lockdown.

Companies which provides services like OLA, Uber, ZOMATO, SWIGGY, will face a tremendous losso because during lockdown no one can use their service during lockdown these companies cannot even make a single rupee because their is no one to use their service and again this is the same cycle but with slight difference.  their service is like their product but during lockdown their product is not getting consumed by anyone.  

  

So they are not making any profit but facing a tremendous loss. Every business works on this cycle even the software business or entertainment business like the viewers who are watching tik tok video are giving profit to the company. The company gave  a product tik tok and the viewers who are using this app are the consumers just like the material industries but the entertainment consumption is not reduced like a material consumption but unfortunately it is increased so the corporate companies who are facing loss are the companies which runs on manpower and consumption.only in india the corporate world facing 26 billion dollar loss every week because of this lockdown.Airline companies are facing a tremendous loss because the international flights and even the domestic flights are banned during covid 19 outbreak every coutry is following a strategy that STAY HOME STAY SAFE to fight against covid 19 and this is very important until a cure is found and so the travelling companies are in the same condition. Airline companies have to pay for maintainence and parking charges on airports again but they are not making any profit because all the flights are banned during covid 19 outbreak   

and this  condition is same for travelling companies their vehicles are also not running because of lockdown.Covid 19 made an tremendous effect worldwide. The corporate world is facing a tremendous loss worldwide because of lockdown but to save humanity this lockdown is very important and everyone should follow it to stay safe because COVERING THE LOSSES IS BETTER THAN COVERING BODIES. 

             

AUTHOR

Deepak Singh 

4918304

Btech ece 4^th sem