The impact of COVID-19 pandemic on the global economy is unprecedented. The closures of international borders and preventive measures taken by nations to protect their citizens from infection have disrupted global supply chains, bringing down global growth rate projections to almost zero.
The economic fallout of the COVID-19 pandemic is more severe than the 2008 global financial crisis, with an estimated 8 to 13 percent drawdown in the global GDP - and could get a lot worse.
Asset-intensive industries such as Oil and Gas, Mining and Utilities are among the worst hit by the slowdown. This whitepaper highlights how badly the crisis has impacted the global economy and its subsequent deep impact on asset-intensive industries.
The whitepaper also discusses the opportunities for businesses to step up their emergency preparedness and strengthen their resilience by adapting digital capabilities.
Key takeaways from this whitepaper:
- An overview of the global economic slowdown during COVID-19 pandemic
- The impact of COVID-19 on asset-intensive industries
- Lessons learned from the crisis
- Understanding unconventional ways to optimize resilience and business processes