What is going on?

• As of March 24, there are 386,332 reported cases, more than 16,747 deaths and 102,333 recoveries and over 177 countries and territories infected by the Coronavirus.

• The virus’s reproduction number is between 1.6 and 2.4, making it highly transmissible.

• There is no official document on the extent of undetected milder cases, the seasonality and asymptomatic transmission.

• Large-scale quarantines are happening all around the world, freezing foreign and domestic transportation.

What does it mean to the economy and your business?

• Quick recovery (if other countries achieve faster rapid control than China): Global GDP growth for 2020 falls from previous consensus estimates of about 2.5% to about 2.0%.

• Global slowdown (if other countries achieve the same rapid control as China): Global GDP growth for 2020 is cut in half, to between 1 and 1.5%.

• Recession (case growth continues till Q3, overwhelming healthcare systems globally):  Global GDP growth in 2020 falling to between 0.5% and 1%.

How can you survive?

• Distend the downsizing customer base: moving your infrastructure to E-commerce platforms and design innovative marketing strategies. How?

• Manage the “work-from-home” culture: guarantee Internet routing (increase bandwidth) and leverage your business management software. How?

• Level up the supply chain: digitize your supply chain management process to integrate demand, supply and capacity planning. How?