There is no industry more severely affected by COVID-19 pandemic than aviation. Travel bans as of late March could represent closer to 98% of global passenger revenue — with a three-month blanket ban equivalent to over USD 250 billion. When will the air travel demand bounce back? How rapidly can the supply side recover? KPMG experts have prepared a document on the current impact of COVID-19 on airport industry and analyzed the possible scenarios of its recovery.
The Oxford Institute For Energy Studies has prepared a forecast study on the development of the oil industry and the impact of a number of factors, in particular, the COVID-19 pandemic on the oil market and oil prices.
The study deals with the new realities of economic and social relations resulting from the spread of COVID-19 and its consequences. It contains possible scenarios of disease spread and its consequences, as well as the main features of the current situation, which should be taken into account when developing and implementing a business recovery strategy.
The article by the European Council on Foreign Relations (ECFR) discusses possible political, economic, and social impacts of the coronavirus pandemic and the lessons to be learnt by the world, and the EU in particular, from this crisis.
Reopening business after the pandemic is a long-term that may cause some difficulties and requires additional efforts for employers. Companies have to look for new ways to protect the employees health, the pandemic also showed the importance of new technologies for business organizing.
