The Impact of COVID-19 on Companies

Oct. 20, 2020

The COVID-19 crisis may become the inflection point of the global economy going to a recession, and the world will enter an uncertain period. The epidemic has a lot of harmful effects not only on China but also on the global economy. Domestic demand is falling. Tourism, catering, and transportation industries are stagnating. Trading and production are declining. Global finance and various asset markets have fluctuated violently. The possibility of a worldwide economic recession has risen sharply, far beyond the scope of traditional forecasts recognized by investors and international institutions.

Although COVID-19 has a bad influence on the economy, there has been a significant increase in the turnover of TIANJIN Foerhao PHARMACEUTICAL PACKAGING CO., LTD. 

On October 14, 2020, WQTV  reported the contribution made by TIANJIN Foerhao PHARMACEUTICAL PACKAGING CO., LTD. in fighting against COVID-19. Foerhao provided the government with tubes for the viral transport medium. We try our best to solve the problems for the government and let the economy recovered from the epidemic as soon as possible

In terms of the number of employees, we increase more job opportunities and improve the employment rate of the society.

In terms of trading, we have DFM III certification approved by the FDA. As epidemic prevention products, We have priority to export to all over the world.

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