 By Shivam Shah
During this pandemic, many businesses have been hit hard. From the restaurant industry to the retail industry, this pandemic has had a far-reaching impact on the economy; businesses are stalling, and some have to shut down or file for bankruptcy - due to the lack of customers from these governmental restrictions. One such company, Hertz, sets the precedent of the COVID-19’s far-reaching impact. After this crisis, it will be the first company to seek Chapter 11 Protection, otherwise meaning that it will file for bankruptcy. Due to the restrictions on ground travel, Hertz is not able to rent out its vehicles sufficiently, meaning that business remains stagnant as the weeks of shutdown stretch into months. In economics, this pandemic has hit small businesses hard, but this will be the first of the top-profile companies to go down in history as being significantly affected by this crisis. Overall, this reiterates the impact that the crisis has had on a multitude of industries, and we will have to see how it may continue to affect the rest of the rental and transportation industry - from Hertz to Delta. Read more at: https://www.wsj.com/livecoverage/coronavirus-2020-05-22 Comments are closed.
|
Archives
July 2020
Categories
All
This section will not be visible in live published website. Below are your current settings (click inside this section to edit the settings): Current Number Of Columns are = 2 Expand Posts Area = Gap/Space Between Posts = 5px Blog Post Style = card Use of custom card colors instead of default colors = Blog Post Card Background Color = current color Blog Post Card Shadow Color = current color Blog Post Card Border Color = current color Publish the website and visit your blog page to see the results |
RSS Feed