An analysis of the Short Term Effects of Covid 19 on Industries in Uganda

Abstract

The unprecedented Covid-19 turmoil has forced industries around the world to
critically analyse and quickly adopt a more resilient business strategy of
operations to ensure the health and safety of their employees and keep their
organizations alive in a rapidly evolving environment. Globally, the pandemic
has caused great distress on industrialists in the following ways: Supply chain
disruptions with limited or lack of access to Materials, Markets and Labour force;
Layoff of workers (causing shortages on various production lines); Limited
demand, reduced consumer confidence within countries and inaccessibility to
international market among others. This paper examines the effects of the
pandemic shocks on company production, sales, finances including revenues,
cash flows and financial requirements while providing company policy
recommendations for government action for post-Covid economic recovery.