The global industrial system is in massive shock. The longer the pandemic prevails, the greater the probability that all sorts of unforeseen second-order disruption will kick in as the global economy unravels. The fragility and the vulnerability inherent in the highly interconnected and networked global economy have been revealed. The recent collapse in oil prices is just one example. The downside to the global current economic system has been exposed. Much of the global economy, such as the international tourism and aviation sector, has been built on assumptions that no longer apply. The economy will not pick up where it started in 2020. The notion of returning to business as usual fades minute by minute every day now, as global output collapses and unemployment soars.