VENTURA, KIMBERLY ACTRES Activity2

CoVid-19 to businesses
I. Introduction
The COVID-19 outbreak is a big reminder that pandemics, as other seldom happening
fiascoes, have occurred before and will keep on occurring later on. Regardless of whether we
can't forestall hazardous infections from developing, we ought to get ready to hose their
impacts on society. The current flare-up has had serious financial results over the globe, and
it doesn't appear as though any nation will be unaffected. This not just has ramifications for
the economy; all of society is influenced, which has prompted emotional changes in how
organizations act, and customers act. This uncommon issue is a worldwide exertion to
address a portion of the pandemic-related issues influencing society.
World Health Organization (WHO) first got data on pneumonia of obscure causes on 31
December 2019 in Wuhan, China. WHO from that point broke down information and gave
counsel through accomplice coordination to assist nations with dealing with the sickness. The
flare-up was pronounced a Public Health Emergency of International worry on 30 January
2020. The name of this new Covid was reported on 11 February 2020 as COVID-19.
Coronavirus has been the greatest characterizing wellbeing emergency of the advanced
universe within recent memory. It is the most noteworthy and greatest emergency to have
confronted the world since World War Two. It has been spreading over the globe, and cases
are rising day by day in America, Africa, and Europe. Numerous nations around the globe are
attempting to beat the clock to hinder its spread through testing and treating of patients,
contract tracing, travel constraint, isolating residents, and forbidding huge get-togethers such
schools and games. The illness has gotten something other than a wellbeing emergency since
it is fit for focusing on each nation it contacts and accordingly, may make destroying social,
monetary, and political emergencies that will set aside a long effort to recuperate. Numerous
urban areas around the globe are abandoned as individuals are encouraged to remain inside
by their legislatures, and simultaneously, shops, cafés, and bars are shutting. Numerous
individuals have been losing their positions and pay each day, and they don't have any idea
when normality will return.
II. Discussions
Philippines has been under lockdown for almost 6 months since March 2020. Many
businesses and establishments are close due to the strict confinement measure of the
government with the approach to Covid. This includes travel, mass gatherings, and the
closure of schools and non-essential businesses, and “stay-at-home” orders. As a result to
this, the Philippine economy may lose between P276.3 billion and P2.5 trillion, contingent
upon how the Covid pandemic creates in the following months (Government Think-Tanks).
The Government’s infrastructure program is confronting further postponements because of
the isolates (COVID-19) episode, just as the repurposing of assets to contain the pandemic.
While slower construction industry growth is considered this year as most action is
concentrated in areas affected by the Enhanced Community Quarantine (ECQ). With strict
ECQ measures imposed on Luzon, an enormous extent of ventures would have encountered
stop work orders, prompting an ominous standpoint for the Philippine structures segment for
2020. Post-ECQ, development movement will in any case confront challenges such as supply
chain particularly whenever sourced from unfamiliar business sectors and coordination and
deficiencies because of the business exercises interruption.

Based on the survey from Ipsos, Filipinos have experienced huge effect on their
household income due to community quarantine measures. 38% asserted that their salary is
somewhere around over half, the highest among six countries surveyed. (Indonesia,
Malaysia, Singapore, Thailand, Philippines and Vietnam)
With the fear still inevitable, Filipinos believe that it will require some investment to
return to their pre-COVID-19 schedules. Larger part say that they can continue exercises, for
example, going to cafés, seeing loved ones, and utilizing public transportation around August
to December this year. Recuperation for movement, culture, and wellness ventures may be
longer as Filipinos most have communicated that they will neither go to social occasions/get-
togethers nor go to the rec center for the rest of the year. They are likewise still on a cautious
for homegrown and worldwide travel.
When asked what Filipinos intend to spend on after development limitations, spending on
basics will at present proceed: nourishment for cooking at home, cleaning items, and
individual consideration things. Filipinos will anyway limit consumptions thought about
before on eateries and bistros, travel, and social exercises than previously.
During the ECQ, it was clear that Filipinos engaged with online shopping and
conveyances versus physical visits to eateries, shops/shopping centers. Limitations in
development have made an open door for support of physical shopping options, for example,
internet shopping and direct deliveries. Close by this is the utilization of elective installment
plans: portable wallets and charge/ATM cards.

III. Conclusion
The COVID-19 pandemic moved priorities. This is a time of endurance for some
organizations and customers. Alert and stress are clear as Filipinos prioritized to spend on
essentials and expressed wavering to returning to past spending pattern. To counterbalance
this, elective approaches to shop and execute business have been investigated: buys made
through internet shopping and conveyances, installments by means of online exchanges, for
example, versatile wallets. Realizing that there is readiness from buyers to attempt to
embrace new ways and a comprehension of the hindrances—it is energizing to perceive how
organizations will improve to bounce back and recover their misfortunes.
As a country with limited resources, each in every one of us must cooperate and be
responsible to all our actions. The success to fight this pandemic will start with us and
eventually in our whole country and hopefully, the world. Our national response to covid is
still work in progress compared to other countries that’s why businesses should put careful
attention to the drivers of the future world as this will help them to their income and stability.
Developments are changing day by day, we don’t know yet how long the pandemic will
continue to accelerate.
IV. References
Charm, N. (n.d.). Impact of COVID-19 on key Philippine economic sectors. Retrieved

September 26, 2020, from https://www.bworldonline.com/impact-of-covid-19-on-key-
philippine-economic-sectors/
COVID-19 Insights from Business Sustainability. (n.d.). Retrieved September 26, 2020, from
https://corporate-sustainability.org/covid-19-insights-from-business-sustainability/
COVID-19 Insights. (n.d.). Retrieved September 26, 2020, from https://sim.aom.org/covid-

19-insights
Flanders Investment & Trade. (n.d.). Retrieved September 26, 2020, from
https://www.flandersinvestmentandtrade.com/export/nieuws/coronavirus-situation-
philippines
Freeman, A., Dore, G., Law, M., Thorpe, M., Overbeck, J., Lloyd, A., . . . Kaldor, J. (2003,
December 30). Estimating progression to cirrhosis in chronic hepatitis C virus
infection. Retrieved September 26, 2020, from
https://aasldpubs.onlinelibrary.wiley.com/doi/abs/10.1053/jhep.2001.27831
Home. (n.d.). Retrieved September 26, 2020, from https://www.rrbm.network/
Ignatius, D. (2020, April 03). Opinion | How did covid-19 begin? Its initial origin story is
shaky. Retrieved September 26, 2020, from
https://www.washingtonpost.com/opinions/global-opinions/how-did-covid-19-begin-
its-initial-origin-story-is-shaky/2020/04/02/1475d488-7521-11ea-87da-
77a8136c1a6d_story.html
Life in the New Normal: 94% of Filipinos are worried about COVID-19. (n.d.). Retrieved
September 26, 2020, from https://www.ipsos.com/en-ph/life-new-normal-94-filipinos-
are-worried-about-covid-19
Nbs. (2020, March 27). COVID-19 Insights from Business Sustainability Scholar - NBS.
Retrieved September 26, 2020, from https://www.nbs.net/articles/covid-19-insights-
from-business-sustainability-scholars
Patient Education and Counseling. (n.d.). Retrieved September 26, 2020, from
https://www.journals.elsevier.com/patient-education-and-counseling/

VENTURA, KIMBERLY ACTRES Activity2

Uploaded by

Copyright:

Available Formats

VENTURA, KIMBERLY ACTRES Activity2

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

VENTURA, KIMBERLY ACTRES Activity2

Uploaded by

Copyright:

Available Formats

CoVid-19 to businesses

address a portion of the pandemic-related issues influencing society.

flare-up was pronounced a Public Health Emergency of International worry on 30 January

when normality will return.

closure of schools and non-essential businesses, and “stay-at-home” orders. As a result to

The Government’s infrastructure program is confronting further postponements because of

deficiencies because of the business exercises interruption.

Malaysia, Singapore, Thailand, Philippines and Vietnam)

for homegrown and worldwide travel.

conveyances versus physical visits to eateries, shops/shopping centers. Limitations in

plans: portable wallets and charge/ATM cards.

essentials and expressed wavering to returning to past spending pattern. To counterbalance

organizations will improve to bounce back and recover their misfortunes.

Charm, N. (n.d.). Impact of COVID-19 on key Philippine economic sectors. Retrieved

COVID-19 Insights. (n.d.). Retrieved September 26, 2020, from https://sim.aom.org/covid-

Home. (n.d.). Retrieved September 26, 2020, from https://www.rrbm.network/

You might also like