Consequences of covid in the industry
The sectors most affected in its production during the first two months of the year
Electrical machinery: -25%
Metals: -27%
Textile: -27%
Transportation equipment: -28%
Automotive: -32%
What is the impact on business?
Mobility and job interruptions have led to sharp declines in Chinese consumption, squeezing multinational companies in various sectors
entertainment
consumer and luxury goods.
hospitality, electronics
the infrastructure
The tourism
education abroad
including aviation
Commodity prices have declined in response to a drop in China's consumption of raw materials, and producers are considering cutting production.
Travel restrictions and quarantines on hundreds of millions of people have left Chinese factories without labor or spare parts.
disrupt supply chains just in time and trigger sales warnings such as:
other industries
pharmaceutical
consumer goods
automotive
technology industries