The Corona Virus (COVID-19) and its Butterfly Effect on the World Economy

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Heba, Business Consultant, United Arab Emirates
🔥NEW In chaos theory, the butterfly effect is the sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state. In simple wording, when applied to business, the butterfly effect means that small events sometimes yield large consequences. Compare also . China, the biggest factory on earth, is confronted with the current outbreak of the deadly nCOV found in Wuhan. And the world is witnessing a global decline in sales, stock markets, oil prices and a well-noticed shortage in supply chains and aviation activities that have a wide impact on the trade exchange across the globe. COVID-19 exposed a weak link in the global drug supply, automotive manufacturing, and other sectors. Being has become the objective and goal of a lot of businesses. But the question now is: how can we strengthen the resilience of our supply chains while maintaining the value and cost chains intact? Modern Portf (...) Read more? Sign up for free

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  Nita, CEO, United States
 

Corona Impact

In my opinion this comes at a particularly straine (...)

  Anonymous
 

Accumulation of Problems in China

Corona also comes at an already strained time for (...)

  Manoj Rambajan (MBA), Mauritius
 

Mitigating the Effects of the Coronavirus (Covid-19)

The Coronavirus (Covid-19) and its butterfly effec (...)

  Prof. Arup Barman, Professor, India
 

COVID-19, Chaos to Cha-ordic and India

The Indian philosophy of handling chaos is differe (...)

  ELIJAH MUSILI, Entrepreneur, Kenya
 

Fivver Freelancer

Think it all comes down to how efficient you can s (...)

  sebas, Student (University), Netherlands
 

The Death of One, is the Bread of Another

This supply crisis creates opportunities for local (...)

  Heba, Business Consultant, United Arab Emirates
 

Creating Opportunities for Local Suppliers

@: Imdeed, I personally witnessed local market ge (...)

  Heba, Business Consultant, United Arab Emirates
 

Revisit your Supply Chainís Design

There is little to do in a reactive mode to the su (...)

  Heba, Business Consultant, United Arab Emirates
 

How to Manage the Impact of Coronavirus on Supply Chains (Short and Long Term)

Five things buyers must do in the long term:
    (...)

  Nita, CEO, United States
 

'I'll Trade You'

@: Heba, I would agree with you. Our President ha (...)

  Prof. Arup Barman, Professor, India
 

Deglobalization through COVID-19

We got the tastes and distastes of since 1990. Th (...)

  Prof. Arup Barman, Professor, India
 

Post Covid-Reverse Thinking

For many countries, societies, businessman, indivi (...)

  Jaap de Jonge, Editor, Netherlands
 

Corona is not About Butterflies But About Grasshoppers

@: We humans have been behaving over the last cent (...)

  Nita, CEO, United States
 

Why CAN'T we Stay Home?

@: So many companies are still fighting the manda (...)

  Prof. Arup Barman, Professor, India
 

We Can Stay at Home- if Situation Compells

@: I understand your point. You are prone to susta (...)

  Prof. Arup Barman, Professor, India
 

The Consumption by Prosumption

@: Mr Jaap! I found it interesting to think about (...)

  Maurice Hogarth, Consultant, United Kingdom
 

Pandemic to Prevent Prosumption

@: If difficulties are really opportunities in dis (...)

  srinivas, Lecturer, India
 

Implementation of Technology to Mitigate Risks in Supply Chain

It is a good time to put the new technologies to t (...)

  Prof. Arup Barman, Professor, India
 

Global Pandemic - can we Draw a Full Stop?

@: Yes, human must put the full stop. Man propose (...)

  Gary Wong, Consultant, Canada
 

COVID-19 is NOT a Black Swan. It's a Black Elephant

COVID-19 is a black elephant. A black elephant is (...)

  Prof. Arup Barman, Professor, India
 

Heinous Intention-Black Elephant Rearing and Human Sufferings

One should not rear an elephant so that the elepha (...)

  Maurice Hogarth, Consultant, United Kingdom
 

The Survival of Supply

What can we do to avoid or mitigate disruptions to (...)

 
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The Corona Virus (COVID-19) and its Butterfly Effect on the World Economy
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