Originally published in ssrn on 3 July 2020
The COVID–19 Crisis Brings Spring Season for Translucent Activity. Does It Result in Exogenous Uncertainty for the Entrepreneurs and Bound-Less Commodity Pricing!
In the beginning of 2020, uncertainty has covered up the global economy due to the Coronavirus disease (COVID-19) pandemic. This emerging issue is also tailing other indirect social problems like food crisis, plummeting share prices, export and import delays. The uncertainty, because of the SARS-CoV- 2 has begun from Wuhan, China in the last quarter of 2019 and now been spreading out all over the world by the first quarter of 2020. The confirmed positive cases are counted near to 7 million by June 7, 2020 (World Health Organization, March 7, 2020) and constantly increasing day by day. Unofficially, the number of people infected by and the fatality rate due to this virus has been dramatically rising up in the developing countries like Bangladesh, Iran, India and so on. This sudden global pandemic caused production halts in many manufacturing companies in the USA. Not only in the U.S.A. but also in the Bangladesh, the Coronavirus crisis has interrupted the upward economic flow of entrepreneurs especially who have new or break-even reaching startups. In Bangladesh, we collected survey opinion from 821 entrepreneurs (production oriented and retail business oriented in agro and pharmaceutical industries) regarding the ongoing business threats due to the COVID-19 pandemic. Our study reflects that the price of agricultural items and pharmaceutical products are increased by local syndicators at present. As a result, the exogenous uncertainty is increasing among entrepreneurs and raising the retail price of commodities in the pharmaceuticals industry as well as agro-industry.
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