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| Five charts that show the global economic impact of COVID-19 World Economic Forum. |
I invite you to a discussion about the economic effects of the coronavirus pandemic. And please focus on concrete examples as much as possible.
I start by giving examples of notifications received in the last two days.
I am sure that most of those who have economic activities connected to the world economy has also received such notifications. From what I see, we are preparing to enter a crisis like no other. But I'm not talking about that now. Now I just want to share the information I received with anyone who might be interested in reading it.
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| The $80 Trillion World Economy in One Chart Visual Capitalist |
Here are examples to which I add a comment and put the message exactly as I received it, without changes:
Marriot Hotels Chain - A message from our CEO
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| Image CPO Magazine |
This hotel chain is known to everyone. Not only is it a big problem for them, but for the whole HoReCa industry.
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| The Best Hotel Rewards Programs The Points Guy |
Employees must be paid whether the hotel is empty or full, the restaurant is selling or no one is coming. There is a limited time in which employers can bear the costs. This message is aimed at customers and is an effort to keep the hotel afloat.
Tripadadvisor - Dear fellow travelers
One of the most important players in the tourism market sends messages in a desperate attempt to save what can be saved. Fear of coronavirus has led to the cessation of all reservations worldwide. It is something that has never existed in history, since the practice of modern tourism.
There have been wars before, but they have never hit globally in tourism. If there was a war in Yugoslavia, tourism in France, Spain, Italy was not affected. Tourism companies do not know how to react because there is no reference.
In transport the situation is complicated. Imposing traffic restrictions, closing many businesses, additional health requirements, employees extremely exposed to contamination, all these lead to difficulties.
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| Tripadvisor travel aplication |
Obviously, the messages are not alarmist. Try to calm the panic and inform about the changes.
A large carrier (among the top 10 in the world) SCHENKER announces the imposition of surcharges on containerized transport from Asia.
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| DB Schenker Maers |
An increase of about 25-30% in the transport price
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| DB Schenker Logistics |
Quote: “To cover all of these extraordinary aspects, Schenker has been forced to implement a Corona Impact Surcharge
on the Exports to the Far East, Middle East, and India Subcontinent of USD 335.00 / 425.00 per 20 ’/ 40’ / 40’HQ and for LCL USD 11.00 per w / m effective from 01.03.2020. ”
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| ECB helps calm bond markets rattled by coronavirus crisis Image: Reuters |
Note that the surcharge is retroactive, it is announced the imposition of additional costs and those that already have transport in progress.
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