Choose any industry you know about and write what effect does covid-19 have on it

Impacts of Covid-19 Pandemic on the Clothing Industry
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Executive Summary
The corona virus pandemic has brought the entire world into a standstill. Countries and governments around the globe have instituted measures to curb the spread of the virus and consequently stop the number of people dying from the disease. These measures have in the process affected many sectors and industries and countless individuals who depended on them. The report will extensively examine the impact of the pandemic on the clothing and apparel industry. It will focus on the multinational corporations such as Adidas and Nike and identify the impacts of the pandemic on persons within and outside the US who depend on them for their livelihoods. The report will also identify the changes in the global business environment over the past six months due to the corona virus pandemic. Last but not least the report will also cover the implications for the clothing and apparel industry and the firms involved in an uncertain future and provide some recommendations.
Introduction
Globalization has immensely contributed not only to increased interaction between people but also companies and governments around the world. The world trade has been dominated the global supply chain with countries reducing their tariffs and rates to join the world trade organization (Quiles, 2020). However, these significant impacts of globalization are under severe threat from the corona virus pandemic that has brought the entire world into a standstill. The virus that broke out in Wuhan, China in December 2019 has since spread across the globe. It is reported that there are more than 16 million confirmed corona virus cases globally and over 600000 people have since lost their lives to the disease (Segrave, 2020). The World Health Organization (WHO) labelled it a global pandemic in March and since then countries have instituted various measures to mitigate its spread. These measures have mainly focused on encouraging individuals to observe social distance and avoid unnecessary movements and travels. As such, movements to and from countries and regions particularly those that have been gravely impacted by the virus have been halted. While the initiative has assisted to slow down the spread of corona virus, it has negatively impacted trade activities. Several industries continue to grapple from the devastating impacts of covid-19 including the apparel and clothing sector. Global clothing apparel companies such as Nike and Adidas that depend on raw materials and cheap labor from the developing and underdeveloped nations have been severely hit and are counting massive lossess. This report will extensively examine how the global business environment has been impacted by the pandemic in the past six months, impacts of the covid-19 crisis in the apparel industry and some of the multinational firms and the overall implications in an uncertain future.
Changes in the Global Business Environment over the Past Six Months from the Corona Virus Pandemic
The corona virus pandemic continues to adversely affect the global business environment and globalization in general. Some of the world’s largest economies including the US, China, Germany and Ita...