Business

Turkish PMI falls to 48.1 due to virus outbreak

Turkey's Purchasing Managers' Index (PMI) was at 48.1 this March, down from 52.4 in February, posting below the 50 no-change mark for the first time in three months.

According to the Istanbul Chamber of Industry PMI Manufacturing Index report, prepared in cooperation with global data firm IHS Markit, output and new orders both softened, while firms scaled back purchasing activity.

The Total Business Climate Indicator Decreases by 3.7 Percentage Points in Comparison with February

In March 2020, the total business climate indicator decreases by 3.7 percentage points in comparison with February which is due to the worsened business climate in industry, retail trade and service sector, NSI said in a press release.

Industry

Wuhan "welcomed the light of day": Eager to go to the stores

Long life in isolation meant delivering goods.
Many settlements in the city are still separated by two-meter-high plastic walls that were erected at the beginning of the crisis with the aim of social distance and isolation of communities. For this reason, the citizens of Wuhan were completely reliant on online delivery.

E-supermarket struggle with demand surge

Online supermarkets are currently so inundated with orders that deliveries can take up to a week.

As e-supermarket visitor numbers were low - albeit growing - before the coronavirus epidemic hit, most didn't have the necessary infrastructure to deal with a threefold increase in orders in just a few days. The demand for storage space and delivery vehicles has shot up.

Pandemic and the market

The demand for certain commodities on the market has risen sharply - justifiably, when it comes to items of personal hygiene, or unjustifiably, when it comes to food with a long shelf life.
But this is not genuine consumer demand in normal circumstances. It would be criminal if some took advantage of the public's fear. 

M3 Communications Group, Inc Offers Pro-bono PR Services to NGOs to Achieve Better Public Awareness of Coronavirus

The leading PR company M3 Communications Group, Inc. announced that after taking into account the situation with the spread of coronavirus, it will provide the services of its specialized Crisis Communication Team to any non-governmental organization (NGO) that needs them. This is part of the company's long-standing corporate social responsibility program.

Pages