As social distancing and self-isolation become the new normal, many shopping centers are running at limited capacity or have been forced to close down entirely.
The COVID-19 pandemic has been causing widespread panic and trepidation. It has already infected over 240,000 people and killed more than 10,000 across more than 160 countries. Health care facilities across the globe are getting overwhelmed by the rising number of patients. Moreover, many countries have commenced national lockdowns, which, in turn, is taking a toll on the global economy.
Pandemics have the power to disrupt life across the globe. The raging COVID-19 pandemic has claimed more than 15,000 lives in a span of a few months. It has also taken a toll on the global economy forcing many organizations to shut down temporarily. Several small businesses have had to lay off their employees and now face the threat of permanent closure.
A pandemic isn’t just a public health crisis. It has a significant impact on the global economy, as well. The ongoing COVID-19 pandemic is already taking a toll on businesses across the globe. While many organizations face temporary closure, small businesses may have to shut their doors permanently.
The rise of the internet and advanced communication systems has transformed the world into a close-knit global village. Irrespective of the size and nature of your business, you are likely operating as part of a global economy. This means your business could face the repercussions of something that happens on the opposite side of the world. A pandemic outbreak, for instance, could disrupt normal business operations and take a toll on your revenue.
The coronavirus outbreak, which originated in the Chinese city of Wuhan in December 2019, has been causing widespread panic. Despite continued efforts to contain the Coronavirus, also known as COVID-19, epidemic, it has already claimed thousands of lives in various countries. Even though the outbreak has slowed in China, it is gaining momentum in other countries including the U.S. According to the World Health Organization, there are now more new cases of coronavirus infections outside of China than inside.
Employees are one of the most crucial assets of any business irrespective of their size and industry. It is, therefore, essential to safeguard your workforce from occupational hazards, including accidents and illnesses. Apart from reducing employee productivity, such incidents often result in disruption of normal business operations. Consequently, your company incurs significant losses and has to provide suitable compensation to affected employees.
An emergency can strike your organization at any time. It comes without any warning, and if you’re not prepared well enough, it can leave a trail of damages. Every organization is susceptible to a variety of emergencies ranging from natural calamities like earthquakes or floods to fires.
The advent of modern technology has made businesses increasingly dependent on computers and the internet. From storing confidential data to making sales pitches - your business requires computer systems for almost every task. Moreover, you likely use internet-based communication systems to communicate with your employees, clients, and other stakeholders. Unfortunately, the growing dependence on technology also puts you at the risk of cyberattacks.
Employees are the most important asset of any company. Therefore, it is the responsibility of business owners and employers to safeguard their employees in the workplace. Workplace safety isn’t just about protecting employees in emergencies such as natural disasters or violence-related incidents. Instead, employers should strive to create a workplace that ensures the physical and mental wellbeing of their employees.