Pandemics and Their Business Impacts: A Global Perspective

Abstract

In the long and medium term, the evolution of pandemics and the resulting harm to the global economy have been alarming. Pandemics have a variety of detrimental effects on the economy. They impact families, companies, and the government by reducing labor supply, worker productivity, and population income, increasing company expenditures and public healthcare infrastructure costs. This research aims to examine and organize the present body of knowledge in the field of pandemics and their economic effect. With the help of a systematic literature review and bibliometric analysis, the study presents the status and development in this area of research. All business sectors, including supply chain, logistics, travel & tourism, entertainment, recreation and fitness, hospitality, have been negatively impacted worldwide. The paper contributes to the existing state of literature by examining the impact of significant pandemics on various business activities around the globe. However, there is a surge in telecommunication, including data providers and e-commerce businesses.