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CORONAVIRUS 2019-2020 AND GLOBAL ECONOMY STUNNING


Although I am not native English speaker, I insist to keep blogging in order to share thoughts to audience.I apologize here and will keep working to improve my writing. Back to the topic, since early January 2020, as we also read the news report, #coronavirus disease aka. #COVID19 firstly outbreakfrom Wuhan, capital of Hubei. #COVID19 has already inflected over 80000 and killedpeople in worldwide and majority in #China and rest of the world.#Coronavirus spreads really fast through people and #community.#Illness symptoms can be cough, sore throat and fever. The speed on #inflection is quick and strong and situation is going badly and #Wuhancoronavirusreally do shock impact on global supply chain system and economic.I believe that you watched TVs and internet. I am not going to do the “news report” thing at this blog but focus on what we can do as#supplychain and #logistics practitioners in order to overcome the coronavirus crisis.

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GLOBAL SUPPLY CHAINSTUNNING

As we all knew, since economy reform and opening in China, it grows rapidly and has become a global factory center in worldwide economy. According to howmuch.net and databank, the total GDP of China is USD13.61trillion and it represented 15.86% of total global GDP in 2018. In addition, industrial represented about 40% and Services about 50% in China economy total GDP. The manufacturing of raw materials and original equipment supply for worldwide. You know that China play a big role as factory in global supply chain #operation.

Because of the fast inflection spread of coronavirus, General Office of state Council China ordered the extension of #LunarChineseNewYear holiday. This policy aims to delay the spring season in order to restrict human interaction and prevent mass inflection of coronavirus at office, factory and transportation rush. Keep in mind that there are over 2.5 billion usual transportation trips yearly within Lunar New Year holiday period. You can imagine the consequence in mass virus infection if every workercrowds the transportation system during this time period.Restriction in mass transportation and factory is critical, necessary but painful to economy. Companies and factories operation are stunnedbecause workers are not able to go back working.We have also experienced some influences in #Oym logistics platform.

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In addition to local policy, some countries started totighten the immigration policy. Big major airpots and stations do fever scanning. Some countries even started to do entry bans for Chinese citizen and visitors from china. This action impacted usual international business interaction.

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PUBLIC CONFIDENCE

In order to restrict infection Coronavirus,consumer activities is restrictedtill #coronavirus situation be under control. Although there is not restriction in consumer activities, peoplescare about coronavirus infection and will rather stay at home and not going out shopping, having dinner at restaurant or watching movie in cinema. It decreases the demands of consumer goods, furthermore, the volume of whole economy supply chain and logistics activities.Consumer confidence and behavior do the economic harm more then the actual virus does.

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REACTION

coronavirus (COIVID-19) does instant impact to supply chain and logistics. Being #SMEs are really challenging to overcome the #crisis. However, logistics partitioner can treat the crisis as an indicator to know the importance of keep innovated and prepare for unforeseeable matters.

For reacting unforeseeable emergence like nature disaster, public health issue, public security or conflicts like coronavirus 2019-2020, #emergencelogisticsactivities will be held for reacting and ensure public interest.The urgent of Financial support, basic human supply and personnel are involved for?emergence logistics. I am not going to dig deep in?emergence logistics?here but leave it to later blog. In coronavirus, surgical face masks and protection equipments are lacking tremendously due to huge boost in demandglobally. It lets me realize the importance of proper Medical and Health business eco-systemin order to response the mass medical and health issue. Therefore,?OymWarehouse Alliance Platformintents to develop #MedicalandHealthSupplychainEcosystem.

Objective is to ensure the fluency of supply chain in medical and health equipment industries, not limited in usual time but also emergency likes coronavirus 2019-2020. To learn more, please dm through social platform or?www.bitechong.cn

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