How is the Coronavirus Outbreak Affecting Businesses Across Industries

The Coronavirus outbreak has put the world’s largest economies under immense pressure. Most of the countries in Europe, the USA, New Zealand and China are in complete lockdown. United Kingdom refuses to undertake such a step in an attempt to save the economy. However, the damage is already done.

Ever since the Coronavirus began spreading across Europe, business slowed down in most industries and at present, completely died out in some.

The Events Industry

All face to face business, entertainment and personal events have been cancelled or rescheduled. Smart event professionals were able to move some of their conferences, meetings and even trade shows online. A UK events company even started a Facebook Group where they would stream concerts of bands and artists to sustain the music and entertainment industry. It is such an innovative idea, which has the potential to change our perception of art and how we consume it. Whether it will work, we wait and see.

Birthday party entertainers, wedding planners and kids classes providers are among the businesses who were hit the hardest. A large number of people are choosing to self-isolate and practice social distancing. Some of these entrepreneurs have tried to alter their offers in a way and were successful…