Here's what businesses can do about the coronavirus
Share to twitterStudents line up to sanitize their hands to avoid the contact of coronavirus in Cambodia The headline-making coronavirus that originated in China continues to spread with nearly 3,000 confirmed cases and 80 deaths across 12 countries according to theMarkets are already falling as the pandemic takes its toll on the global economy.findings suggest that a pandemic of the same severity as the 1918 influenza pandemic could reduce global GDP by 5%.
While there are those companies that are prepared, organizations as a whole are vastly underprepared to respond to a pandemic. Pandemic preparedness programs are chronically understaffed and underbudgeted. Why? Because it's a low probability risk in any given year. predict that the annual risk of an influenza outbreak on the scale of the 1918 pandemic lies between 0.5% and 1.0%.Six pandemics
in modern history led to excess mortality rates ranging between 0.03% and 0.08% of world population. Today, that would be the equivalent of between 2 million and 6 million deaths globally. That is why quarantines and social distancing policies are now being imposed by governments.. Disney closed two theme parks. Starbucks shuttered 90 stores, with KFC, Pizza Hut, and McDonald's following suit.
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