Companies all over the globe are experiencing the impacts of the current pandemic first-hand, including service providers. Beyond their focus to protect their workers, service providers are now further challenged to meet support commitments to their clients. Unlike the stock market crash of 1929 or the financial bust of 2008 where the economy was drastically impacted, today’s COVID-19 pandemic is impacting the lives of service providers’ employees and contractors. The effects are most pronounced where service providers are contracted for offshore Run support to their clients as they, themselves, adhere to government-imposed orders to restrict movement, adhere to curfews, and even stay-at-home.
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Source: News