COVID-19 Trade Impact

The COVID-19 pandemic significantly disrupted global trade by causing factory shutdowns, transportation delays, and changing consumer demands. Businesses faced supply chain interruptions, leading to shortages of goods and higher prices. Shipping costs increased, and some borders temporarily closed, making international trade more difficult. As a result, many industries experienced slower sales and financial strain. The pandemic also accelerated digital commerce, shifting how goods are bought and sold. Overall, COVID-19 stressed global trade networks, highlighting vulnerabilities and prompting changes in how countries and companies manage supply chains during crises.