outbreak of COVID-19 impact on industry

The COVID-19 pandemic caused a major disruption across industries by forcing businesses to close or reduce operations to prevent virus spread. This led to supply chain interruptions, decreased consumer demand, and layoffs. Travel, hospitality, retail, and manufacturing sectors were particularly affected. Companies faced financial strain, leading to closures or shifts in business models, like moving to online services. Governments implemented restrictions that slowed economic activity, while efforts to recover have varied across industries. Overall, COVID-19 accelerated digital transformation and highlighted the need for resilient, adaptable business strategies.