Value chain analysis that serves as a foundation for businesses to build competitive advantage should embrace issues of unpredictable shocks and stressors that may result in costly business dislocations. Combining value chain analysis with considerations of system resilience, that is, the flexibility to recover and adapt in the aftermath of adverse events, can minimize the damage of such disruptions. There would be barely any denial that it is implausible for the world to emerge out of the Covid-19 crisis unscathed. To say the least, the substantial loss of human life and economic wealth is unprecedented in this century. While the scientific community prepares for an ardent prevention and cure process in the near future & long term, for the economic impact of the crisis, business organizations must do the same. The immediate economic impact was the swift falls in both total demand and supply. The multiple lockdowns to combat the pandemic had resulted in a decrease in aggregate supply, while the decline in consumption and investment had resulted in a reduction in demand. Small businesses in vulnerable sectors like entertainment and hospitality have been devastated due to the COVID-19 pandemic. Understanding & studying the Value Chain could prove as a good starting point to uncover the many changes that certain firms have adapted to in the wake of Covid-19. Value chain analysis would help break down various activities and each activity's shift.