COVID-19’s Transmission and Effects on the Economy and Supply Chain
March 09, 2020
[Beijing, March 9, 2020] Cheung Kong Graduate School of Business (CKGSB) Assistant Professor of Economics Zhang Gang recently held a webinar with MBA alumni Wang Wei relating to the COVID-19 outbreak, its transmission, and the effects it has had on both the economy and the supply chain.
Here are a few of his key points:
- The hospitality industry has been severely impacted by the COVID-19 outbreak. The effect is also felt by the industry’s upper-stream supply chain industries such as the food processing, agriculture, forestry, husbandry, fishing and beverage industries.
- The impact of COVID-19 on transportation and logistics industries is also felt by all other industries as they offer services to people and businesses in almost the entire economy. As people are encouraged to stay at home and to limit social contact, transportation and logistics are greatly impacted and the recovery of businesses in other industries are therefore also affected.
- Based on my analysis of the supply chain, having people return to work in areas only where the COVID-19 outbreak is mild is not enough to ease the pressure on China’s economy. A lack of upper-stream suppliers or down-stream retailors for example, would negatively affect other sections in the supply chain. We should balance the need for economic growth and to effectively deal with COVID-19. Caution is still required to curb the spread of the virus to the wider community.
To read and view more on the webinar in Chinese, visit: http://www.ckgsb.edu.cn/about/activity_detail/80/1400.html
Enjoying what you’re reading?
CKGSB Report
Related Articles
Related Articles
Our Programs
Global Unicorn Program: Scaling for Success in the Age of AI
In partnership with Stanford Engineering Center for Global & Online Education
Global Unicorn Program Series
This CKGSB program equips entrepreneurs, intrapreneurs and key stakeholders with the tools, insights, and skills necessary to lead a new generation of unicorn companies.
LocationStanford University Campus,
California, United States
Date29 Sep - 03 Oct, 2025
LanguageEnglish with Chinese Translation
Emerging Tech Management Week: Silicon Valley
In partnership with UC Berkeley College of Engineering
Global Unicorn Program Series
This program equips participants with proven strategies, cutting-edge research, and the best-in-class advice to fuel innovation, seize emerging tech developments, and catalyse transformation within your organization.
LocationUC Berkeley
Date02 - 07 Nov, 2025
LanguageEnglish
Asia Start: AI + Digital China Expedition
Asia Start provides entrepreneurs and executives with unparalleled access to Asia’s dynamic digital economy and its business ecosystems, offering the latest trends and insights, strategies, and connections to overcome challenges and unlock future growth for your business in Asia and beyond.
LocationShanghai, Hangzhou, Guangzhou, Shenzhen
Date17 - 21 Nov, 2025
LanguageEnglish
Smart Cities, Fintech, and Alternative Energy for the Global Future
In partnership with Columbia Engineering
Global Unicorn Program Series
This program is a transformative initiative designed to empower civil leaders and businesses in smart city development, fintech, alternative energy, and new energy sectors.
LocationDubai, UAE
Date15 - 19 Dec, 2025
LanguageEnglish
Opportunities in the Disruption of Traditional Industries
In partnership with The University of Sydney
Global Unicorn Program Series
The Global Unicorn Program in Disruption of Traditional Industries – presented jointly by CKGSB and University of Sydney – will emphasize Australia’s distinctive contributions.
LocationSydney, Australia
Date24 - 27 Feb, 2026
LanguageEnglish
AI-Driven Healthcare Innovation Program
In partnership with Johns Hopkins Carey Business School
Global Unicorn Program Series
The 2025 Artificial Intelligence (AI)-Driven Healthcare Innovation Program stands at the forefront of addressing the critical need for innovative healthcare solutions powered by artificial intelligence.
LocationJohns Hopkins University, Washington, D.C.
DateSummer 2026
