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Do research on the COVID - 19 pandemics. When did it start? Where did it start? How is the pandemic affecting the business world? Make sure the information you collect comes from reputable business...

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Do research on the COVID - 19 pandemics. When did it start? Where did it start? How is the pandemic affecting the business world? Make sure the information you collect comes from reputable business news outlets. XXXXXXXXXXDo research on the effect of COVID - 19 pandemics on Tesla. Briefly answer the following questions in detail based on your research: How has the current COVID - 19 pandemics affected the operations of this company? Do they have parts or inventory shortages? Do they have to shut down factories or warehouses? Do they reduce their production/service capacity? Do they shift production from one geographic location to another? Your answers must be factual, well - thought, and clear. You must clearly explain the timeline of events and the actions the company has taken thus far.
Answered Same Day Jun 21, 2021

Solution

Swati answered on Jun 22 2021
151 Votes
Covid-19
On December 31,2019, Wuhan municipal health commission in china reported about pneumonia cases cluster an mentioned identification of a novel coronavirus followed by first news release of same by WHO. Later on 11th march, WHO announced it as pandemic based on the severity and spread of infection that was spreading at alarming rate. Covid-19 out
eak highlights global trust cracks along with damage to global governance and global inter dependency. This disease has emerged in central china’s densely populated transport and manufacturing hub. Later it spread to 29 countries and regions at international level.
Pandemic is showing devastating impact on the business both in less expected longer run and near term effects. Due to quarantine and travel restrictions, labor is moving causing disruption in supply chain. This has triggered sales warning across automotive, pharmaceutical, technological as well as other industries too. Due to fall in raw material consumptions, commodity prices have fallen down whereas cutting outputs are considered by the producers. Work disruptions and mobility is leading to consumption declines leading to further squeeze of MNCs in sectors like education, aviation, tourism, infrastructure,...
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