The business giants who have become helpless due to COVID-19
Many people think that the world is getting out of hand with the COVID-19 epidemic, but it really isn't. The number of COVID-19 cases in the world is increasing rapidly and so is the death toll.
But many countries are loosening their lockdown laws in order to somehow overcome the economic downturn after the epidemic. But millions of businesses around the world are now closing in, proving that the real catastrophe is not the COVID epidemic but the economic crisis.
The latest example is the complete closure of the Indian branch of the famous full circle book business. Though this is a heartbreaking news story for Asian book lovers, the Full Circle Agency of Khan Market in India has decided that it is impractical to run the bookstore any longer. Accordingly, one more legend is to be completed.
Due to the spread of COVID-19 in March, shops in European countries had to be closed within hours, without any preparation. In many countries, the billionaires were forced to close their stores with high-priced merchandise, with no cover or repackaging, and reopening the store two months later, the vast majority of them were unusable. For example, there may be leather goods for sale under major brands that are priced at very high prices. These leather goods were molded so that they could not be sold for a set price.
Millions of small businesses have already closed down in the US, and a number of companies have said they are uncertain about the future. Apple, the world-renowned company, closed its parent branch in California on March 14, with all its branches spread across the globe. None of those branches have been opened yet. In some countries, the dates for reopening in April and May have been postponed.
Brans and Nobel closed branches all over the world in March, but have not yet opened.
With the collapse of air travel around the world, a large number of aircraft have landed in the country. As a result, demand for aircraft fell. As a result, Boeing has shut down all its production facilities and closed workplaces to protect workers. On March 23, the company suspended operations and on April 5, Boeing announced that it would postpone production indefinitely.
The entertainment industry is at the forefront of the downturn in the US. Disneyland, California, USA is one of the pinnacles of this entertainment industry. Visiting Disneyland in California is a dream of people all over the world, especially young children. But after the COVID-19 outbreak began, Disneyland closed its doors on March 12. Disneyland branches around the world, including Paris, have also been closed. In Disneyland, California's 65-year history, it has been closed on only three occasions. It was only during the 1994 assassination of John F. Kennedy, the massive earthquake that hit California in 1994, and the September 11, 2001 attacks. But in no case has Disneyland been closed for so long.
Fiat Chrysler is known worldwide as one of the most sought after cars in America. Chrysler has shut down all its branches since March 18, with the spread of the COVID-19 virus in the United States. The company has not been restarted yet and two employees of the company have reportedly died of the virus. Ford Motor Company also closed on March 18 and has not yet opened.
Universal is a major company that caters not only to Hollywood, but to the world's film giants. The company's Universal studio is a very busy place. The studio, which is filled with spectators as well as filmmakers, is in a desperate situation. The cause is the Corona Virus. Universal Studios, which closed on March 14, has not yet opened. Moreover, the Hollywood industry, including Hollywood, has not begun to breathe again. Cinemas around the world are not allowed to open and film production has been suspended.
In addition, there are a large number of closed restaurants and supermarkets worldwide. The majority of these are well-known companies. But they have not yet taken action to reopen the shops for protect their employees and customers. Many companies will have to lay off workers even after work begins.
The people who survived the COVID-19 pandemic by fleeing their homes will face the next great economic crisis. Humans will not be able to escape the crisis by hiding in their homes. Living with the virus and making money to live a normal life will be a struggle for many people around the world.
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