1. Businesses Deal with Growing Impact of Coronavirus - BusinessWest

    Businesses Deal with Growing Impact of Coronavirus - BusinessWest

    It was becoming clear weeks ago that the novel coronavirus would have some sort of economic impact once it washed ashore in the U.S. — but it’s still not clear, and perhaps won’t be for some time, how severe and wide-ranging the damage could be, as people cancel travel plans, curtail business operations, shut down college campuses, and take any number of other actions to stay safe. It’s a fast-moving story, and one that’s only beginning.

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      Aerospace/Defense, Business Development, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Quotes

    1. The bottom line is, we are unintentionally punishing ourselves by not having an escape. A good portion of our customers are going on trips, but many are not.
    2. MassMutual is taking appropriate action to protect the health of our employees, their families, and our community and assure the continuity of our business operations.
    3. While at this time there are no confirmed cases of COVID-19 on our campus or in the surrounding community, we are taking these steps as a precautionary measure to protect the health and well-being of our students, faculty, and staff.
    4. Temporarily shutting off travel from Europe is going to exacerbate the already-heavy impact of coronavirus on the travel industry and the 15.7 million Americans whose jobs depend on travel.
    5. They really don't have much space to cut.
    6. We have an emergency preparedness committee, but those policies are sort of general.
    7. We're in a position where we don't know exactly what's going to happen, but we can speculate on what parts of the economy are going to be affected.
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