The coronavirus disease (COVID-19) is an infectious disease caused by a new strain of coronavirus. This pandemic is one of the defining global health crisis and the greatest challenge we are facing of all time. This new virus and disease began in Wuhan, China, in December 2019 and is still rapidly increasing even up to this day.
This graph shows the traffic growth in a global perspective of different industries which were being affected by the Coronavirus.
The coronavirus outbreak has hit businesses hard with half a percentage point and as the result, economy has been adversely affected. This has greatly impacted industries such as construction, travel and tourism, and transportation.
Below are some keys to help you with your business continuity plan:
1. Building Resiliency
Combating COVID-19 with resilience. Position your business to be resilient in the face of this and the next global threat. Plan for recovery now.
2. Strengthening and Ensuring Business Continuity
Due to this pandemic, companies are now forced to operate in new ways. You may have to consider alternatives which will enable your company to survive or just even keep it afloat.
3. Security and Managing Risks
To minimize impacts, an organized and systematic emergency plan will help you in handling sudden or unexpected situations whether it may be for Infrastructure, Business and Operational, Data, Cyber, or Employee risks.
Coronavirus remains one of the biggest threat to the market at this point and no one can say for certain when this pandemic will be over. It is better to plan for the best and and prepare for the worst.
Follow simple precautions to reduce chances of being infected. Stay informed, take care of your health and be safe.
You can check the latest COVID-19 reported cases here.
Graph Source: https://neilpatel.com/blog/coronavirus/