There is no industry more severely affected by COVID-19 pandemic than aviation. Travel bans as of late March could represent closer to 98% of global passenger revenue — with a three-month blanket ban equivalent to over USD 250 billion. When will the air travel demand bounce back? How rapidly can the supply side recover? KPMG experts have prepared a document on the current impact of COVID-19 on airport industry and analyzed the possible scenarios of its recovery.
The Exhibition Scientific Research Center (VNITS) R&C, in cooperation with the Russian Convention Bureau, the Russian Union of Exhibitions and Fairs and the Union of Exhibition Developers with the support of the Roscongress Fund, has conducted a marketing study into the impact of the crisis caused by the COVID-19 coronavirus on development of the Russian event industry.
COVID-19 has created a demand shock in the oil market as social distancing reduces movement and daily travel for more and more of us each day. At present, most of the reporting agencies expect oil demand growth this year to be largely flat, well below the 1.2 million barrels/day (mmb/d) expected just a few months ago. And this demand growth forecast will likely be revised down further as large gatherings are cancelled, schools shut their doors, and companies implement policies to encourage or mandate working from home.
A study prepared by KPMG experts analyzed the impact of the COVID-19 pandemic on the Russian e-commerce market. The authors of the review conducted surveys and interviews with industry representatives and experts and tried to identify key trends, drivers and prospects for this activity.
The coronavirus outbreak is only the latest in a long series of wakeup calls over the past few decades for the global health community. Once again, a high consequence pathogen, likely incubated in nature, infected humans, and overwhelmed health care systems before the medical community could figure out how to contain it. As of the time of this writing, more than 78,000 COVID-19 confirmed cases and nearly 2,500 deaths have been reported.
