Table 1.
Immediate (over first week) | Near-term (over 1 year) | |
---|---|---|
Behavioral impact on business | ||
Stigma | √ | √ |
Change in consumption behaviour | √ | √ |
Avoidance of crowded areas (ie, restaurants, cinemas) | ||
Life disruptions | √ | √ |
School closures | ||
Decreased public transportation utilization (ie, train, flights, ferry) | ||
Impact on business continuity | ||
Operational disruptions | √ | √ |
Cancelled events (ie, conferences, major professional sports leagues, such as National Basketball Association, Premier League) | ||
Restricted travel (ie, tourism, hotel occupancy) | √ | √ |
Delays in project delivery | √ | |
Financial impact on business | ||
Higher costs for business (ie, protection items for workers, such as masks, sanitizers, gowns) | √ | √ |
Revenue loss (ie, automobile production)† | √ | |
Job loss | √ | |
Market share loss | √ | |
Increase in commodity/food prices (ie, oil and gas,‡ retail market§) | √ | |
Impact on health sector | ||
Change in health-seeking behaviour | √ | |
Health outcomes of other diseases | √ | |
Collateral loss of lives | √ | |
Health service interruptions (ie, auxiliary departments in hospitals shutdown) | √ | |
Impact on health systems | √ |
This checklist is adopted from the “fearonomic framework.”
Hubei province accounts for 9% of total Chinese auto production.
China is the second largest oil consumer and largest importer of liquefied natural gas.
Retailers with thin margins face severe drops in demand, and threats to liquidity.