Here are some of the probable immediate consequences of the spread of this virus.
- People will be generally averse to traveling, both domestic and internationally.
- More people would like to work from home, without having to travel much.
- Less travel will lead to reduced pollution worldwide.
- Reservations for travel products to reduce significantly. Travel product owners and aggregators will have reduced demand and overcapacity, leading to requirements of financial restructuring.
- Unemployments and shifts in employment likely. Travel to lose, healthcare to gain.
- Demand for both the Chinese products and the European buyers will reduce. Localisation likely to take over globalization.
- Countries will focus on expanding and strengthening their health care systems and protocols.
- Countries will cooperate more on issues of humanity, might dump or significantly cut down on biological agents as instruments of warfare.
- Countries that have been able to manage the outbreak really well will benefit. To that extent China will be viewed favorably even though it will have stigma of initiating it in first place. Singapore, Hong Kong, Taiwan, South Korea set to score on that front. Italy, Spain, France, Iran, USA will lose their glorified image.
- Countries that have suffered the most rather unexpectedly, such as Italy, will be awake from the dead to be prepared for all types of threats in all dimensions.
With so many people losing lives and getting infected worldwide, it is a once-in-a-century pandemic. At the same time, Covid19 has been successful in bringing together the whole world for the cause of humanity. No war anywhere, not even both the World Wars, has evoked a concern for humanity as a whole as this deadly virus has. It has hit all countries, even the ardent enemies or enemies, hard enough for them to reconsider their dislikes for the sake of humanity.
