Despite lower mortality rates than other recent epidemics, the impact of COVID-19 on the global economy and consumer markets has the potential to be significant for many reasons:
Geographic spread
Contagiousness
Weak global economy
The impact on China Known
Learnings from the Epidemic
Financial markets conditions worsened after COVID-19 entered Italy and as it entered USA, the situation grew worse.
Learning: Uncertainty about future recovery and financial shocks could exacerbate the crisis. The length of time it takes to recover has an impact on long term output, productivity, and consumer habits.
What is Different: A complete halt in many sectors across countries is unprecedented. The COVID-19 pandemic crisis is in the real economy and present globally.
Economic Outlook
Global GDP will contract sharply in 2020:
The COVID-19 pandemic has an enormous impact on the global economy.
COVID-19 will severely impact both the supply and demand sides of the economy.
Countries turn to substantial fiscal policies.
Our baseline forecast for global real economic growth in 2020 ranges from -1.5% to -4%, the lowest since the WWII
How is demand affected?
Stockpiling
Social distancing
Uncertainty about the future
Household and business financial constraints
How is supply affected?
Supply chain disruptions
Factory closures
Uncertainty over the length of the restrictions
Stockpiling by consumers
Bu hikaye Images Retail dergisinin May 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Images Retail dergisinin May 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Retail Sector Records Strongest Hi Leasing in 5 years: CBRE
Leasing in Bengaluru, Chennai, and Delhi-NCR accounted for 59% share during Jan-June 2024.
Lulu Mall Bengaluru Welcomes 5 New Brands
Lulu Mall, Bengaluru, operated by the multinational developer Lulu Group, has expanded its portfolio by welcoming five new retail brands, the company wrote on social media.
Gujarat gets its First IMAX at Palladium Ahmedabad
Mumbai-based PVR Cinemas opened a new theatre at Palladium Ahmedabad, a social media post by a company official.
Budget 2024-2025: What's in it for Retail?
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech.
Identity As a Service (IDAAS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retail.
6 Ways in Which D2C Brands are Redefining Physical Stores
From quirky fixtures to restageable elements, D2C brands do it differently when they open brick-and-mortar stores
What Innovation Means for Different Leaders
A look at how representatives of different retail categories define innovation and how they approach and implement it in their businesses.
Elevating Experience Through Omnichannel Retail Strategies
Here's how retailers are blending online and offline to offer seamless and personalised customer experience.
How to Improve Customer Engagement with Generative AI
Ways in which retail businesses can embrace generative AI to create hyper-personalised, seamless conversations to secure a lasting competitive edge in the marketplace.
'Customers Do Not See Shoppers Stop.com as Just Another e-commerce Site'
Sreekanth Chetlur, Chief e-commerce Officer, Shoppers Stop speaks about the three-decadeold physical-first department store chain's e-commerce journey, goals and strategies