Over the past few weeks, customers across the world are increasingly panicked as there are growing concerns about the novel coronavirus (COVID-19). The disease has reached several parts of the world within a few weeks and has become a major crisis. While it has affected the way of life and health of millions, it has also left an equally severe impact on businesses across the world.
Well, there is a slowdown in both demand and supply. Many businesses would have noticed a drop in patrons. So, if you have witnessed the same, then you aren’t alone right now. As per NFIB Research Centre, nearly 25% of small businesses claim that the coronavirus outbreak has left a negative impact resulting in slower sales, sick employees, and supply chain disruptions.