As countries start to reboot their economies, new working practices and attitudes towards traveling, commuting, and consumption may make it easier to achieve a lower carbon and more sustainable recovery. Organizations would adapt the new standards of work from home. Digitization, remote collaboration will enhance. There will be a rapid change in customer / consumer buying behavior. Online contactless commerce will rise in its pace. An accelerated automation of the workforce, incorporation of technology with help of artificial intelligence, machine learning is also likely to affect individual and societal well-being. Dr Swati Mishra B.A.M.S, PGDEMS, PGDSP, PGDM (*Pursuing)

1. Global Impact of COVID-19
on
Society-Business-Economy
National Level Paper Presentation
Conducted by NITTE School of Management,Bangalore
Dr. Swati Mishra
B.A.M.S, PGDEMS, PGDSP, PGDM (*Pursuing)

2. Content
01
02
03
05
06
Introduction
Impact on Society
Impact on Business
Impact on Economy
Literature review
Rationality of Study
04
07 Finding the way forward
08 References

3. Introduction
Fatal
Zoonotic
Invisible
Unforeseen Communicable
The Virus

4. Rationality of Study
Objectives Needs
▪ To showcase the learnings of pandemic.
▪ To understand the current impact on Society,
Business and Economy.
▪ To elaborate the aftermath of pandemic.
▪ Way forward?
- To revisit the learnings for revival.
- Preventive measures to implement
• Limit the spread of virus
• Strengthen decision support system
• Revisit the spend vs growth drivers
• IT - Centralize , Automate & Collaborate

5. Learnings through Literature Review
Key Points
• Researchers - Chakraborty and Maity, explained the types and impact of transmission and emphasized on
the global strategies to limit the spread. In his study, he also emphasized the positive impact on
environment.
• Researchers - McKibbin and Fernando, have elaborated the impact of COVID-19 on different economic
sectors like trade, monetary systems, finance and banking
• Researchers - Maital and Barzani, have explained the supply side disruption mainly in pharma, as china
being a global leader in manufacturing raw materials.
• Researchers – Nicola and team have emphasized the effects of COVID-19 on primary, secondary and
tertiary sectors of different countries.
• Researcher Robert have examined the use of contagion as a model for accessing the dynamics of spread
of infection and diffusion of shock through intra-financial system.
* Notable literatures, must read.

6. Impact on Society

7. Lockdown
• Political discord
• Increased unemployment
• Emergence of xenophobia
• Labour continuity challenges
• Education impediment
• Employees constraint
• Travelling restrictions
• Work from home culture
Post Lockdown After effects
• Change in consumer behaviour
• Constrained healthcare delivery
system
• Sales crash
• Reduced capacity utilization
Pandemic
• Fear and Panic
• Social distancing
• Detrimental to Poor
• Psychological distress

8. Impact on Business

9. • Market Responsiveness
• Sales Effectiveness
• Product Development Effectiveness
• Customer Responsiveness
• Supplier Effectiveness
• Operational Efficiency
• HR Effectiveness
• IT Responsiveness
• Finance and Regulatory Alertness
Demand Management Supply Management Support Services

10. Impact on Economy

11. Unemployment Volatile Stock Market
Support Packages Drop in GDP-FDI-FII
Risk of RecessionRevenue Constraint

12. Way Forward
• Sustenance of sales – Online and Contactless commerce / service
• Work from Home & people safety
• Enhancement of Digitalization and Remote collaboration
React to New Realities01
• Reprioritization & reskilling
• Mitigation of financial losses
• Cost optimization & reinvestment
Rebound to Future02
• A vibrant market.
• Robust strategy for better future
• Emphasis on Automation, & Digital Channels
Accelerate Growth03
• Business as usual, with exponential growth.
• Identify next hill - Preparedness
Steady State04

13. ▪ Chakraborty, I., & Maity, P. (2020). COVID-19 outbreak: Migration, effects on society, global
environment and prevention. Science of the Total Environment, 138882.
▪ McKibbin, W., & Fernando, R. (2020). The economic impact of COVID-19. Economics in the Time
of COVID-19, 45.
▪ Maital, S., & Barzani, E. (2020). The Global Economic Impact of COVID-19: A Summary of
Research. Samuel Neaman Institute for National Policy Research.
▪ Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., ... & Agha, R. (2020). The
socio-economic implications of the coronavirus pandemic (COVID-19): A review. International
journal of surgery (London, England), 78, 185
▪ Peckham, R. (2013). Economies of contagion: financial crisis and pandemic. Economy and
Society, 42(2), 226-248.
▪ Steve MacFeely (Chief Statistician, UNCTAD), Angela Me (CCSA Co-chair and Chief of the Research and
Trend Analysis Branch, UNODC), Haishan Fu (CCSA Co-chair and Director of the Development Data Group,
World Bank), 26th May 2020. [The impacts of COVID-19 around the world, as told by statistics]. Retrieved
from https://www.weforum.org/agenda/2020/05/statistics-are-key-to-understanding-covid-19/
▪ John Ferguson (Research Associate at TrustRadius), 8th June 2020. [New Data on How COVID-19 Will
Impact B2B Tech Spending]. Retrieved from https://www.trustradius.com/vendor-blog/covid-19-tech-
spending-data
▪ Felix Richter (Data Journalist, felix.richter@statista.com), 7th May 2020. [Europe Faces Historic Recession
Due to COVID-19 Pandemic]. Retrieved from https://www.statista.com/chart/21634/gdp-growth-forecast-
eu-and-euro-area/
▪ Milko Malev, 03rd April 2020. [Is the coronavirus pandemic an engine for the digital transformation?].
Retrieved from https://dmexco.com/stories/is-the-coronavirus-pandemic-an-engine-for-the-digital-
transformation/
▪ History.com Editor, Publisher - A&E Television Networks, 19th May 2020. [Pandemics that Changed
History]. Retrieved from https://www.history.com/topics/middle-ages/pandemics-timeline
References

14. Even the darkest night will end and the sun will rise.”
Victor Hugo
Q & A

15. THANK YOU
Dr Swati Mishra
E-Mail: drswatirath@gmail.com
B.A.M.S, PGDEMS, PGDSP, PGDM (*Pursuing)
Coming together is a beginning, keeping together is progress, working together is success