2Impact of COVID-19 on Global BusinessesGlobal businesses are those that operate in multiple countries around the world. Thebusinesses may be headquartered in one country but have operations and customers in manyothers. Global businesses can adapt their products and services to local cultures and markets andnavigate the complex regulatory environments of multiple countries. Global businesses mayoperate in various industries, including manufacturing, retail, technology, and financial services.However, the COVID-19 outbreak has had a significant impact on businesses around the world.For instance, some have been forced to close their doors, and others have experienced a decreasein customers and sales. COVID-19 has also affected the trade and investment sector. This paper,therefore, discusses the impact of COVID-19 on global businesses.OperationsThe pandemic has significantly impacted businesses, with many companies resorting tonew working methods. Many businesses have been forced to temporarily close their doors, whileothers have been forced to adapt their activities to comply with social distancing guidelines(Accenture, 2020). The pandemic has also significantly impacted global supply chains, withmany businesses struggling to source the goods and services they need. The outbreak of Covid-19 is likely to have a long-lasting impact on the operations of global businesses, with manybusinesses expected to change how they operate to survive permanently. The virus has resulted inwidespread supply chain disruptions, reduced demand for goods and services, and strict
