Consequences of covid in the industry
What is the impact on business?
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:
technology industries
automotive
consumer goods
pharmaceutical
other industries
Commodity prices have declined in response to a drop in China's consumption of raw materials, and producers are considering cutting production.
Mobility and job interruptions have led to sharp declines in Chinese consumption, squeezing multinational companies in various sectors
including aviation
education abroad
the infrastructure
The tourism
entertainment
hospitality, electronics
consumer and luxury goods.
The sectors most affected in its production during the first two months of the year
Automotive: -32%
Transportation equipment: -28%
Textile: -27%
Metals: -27%
Electrical machinery: -25%