UG Major Industries Affected Due to Outbreak of Covid 19 Discussion

University of Georgia

Question Description

I need help with a Business question. All explanations and answers will be used to help me learn.

The price plummet in indexes and individual stocks have reflected the impact of the COVID-19 to the world. Analysts and investors began to have a sense of where actual business results could be headed in the next few quarters. The impacts go well beyond just airlines, cruise companies, and companies with big exposure to China. Google, Amazon, Walmart, and even Microsoft all face price pressure because their revenues have big exposure to the above industries and either their suppliers or customers are directly affected by COVID-19.

Please give an example of affected companies and elaborate a bit on how it gets affected.

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Coronavirus disease (COVID-19) is an infectious disease that easily spreads from one
person to another and the illness ranges from the common cold to severe diseases including
MERS and SARS. Currently, the world is experiencing the outbreak of COVID-19 which has
put most of the world's production activities at a halt. Big organizations like Amazon,
Walmart, Microsoft, etc, face decreased revenue as their customers or suppliers are affected
by COVID-19. The pandemic has turned the economy upside down.

whgrab (11629)
Rice University

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