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24 July 2020 by GlobalData
The COVID-19 recession has not been caused by a demand shock, rather, it is a policy-driven supply shock designed to save people’s lives. Consequently, the strategies—of governments and companies—that will be used in the economic recovery could be different from previous recessions.
This report analyzes the impact of COVID-19 across industry sectors. It provides side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. We also provide qualitative analysis of each sector and analyse COVID-19’s impact on leading companies.
Despite the substantial uncertainty regarding the economic downturn, this could well be the first recovery with a focus on sustainability. The human cost of COVID-19 extends beyond infection and into the broader economy. Companies that ignore social, environmental and governance issues could face significant customer backlash. Governments are already showing signs that sustainability—particularly green energy—will feature strongly in stimulus programs.
The way we live our lives has been changed permanently. However, the extent to which human life will change will be affected by two competing factors: the longevity of COVID-19’s presence and the speed with which a vaccine is developed. Most enterprises successfully transitioned to work from home; few will revert back to pre-COVID-19 practices. Many staff will opt to work from home at least part of the week. There will be ramifications for the way we plan our future cities and future transportation networks, as well as for the commercial property sector.
Companies may well have been surprised by the speed at which homeworking was introduced. Necessity proves itself to be the mother of invention. It may also spur companies to innovate further. Digitization programs will be accelerated, for instance by companies that lagged behind competitors in ecommerce.
Others will readdress their global supply chains. Many had their fingers burned by exposure to the Chinese lockdown. Supply chain diversification and de-risking will feature heavily on corporate strategies over the next few years. China’s role as the factory of the world could well be at risk.
Sample Download Link- https://go.pardot.com/l/375052/2020-06-26/6gcw36
Affiliate Link for report – https://store.globaldata.com/report/gdcov-tr-x023–covid-19-cross-sector-impact-thematic-research/?utm_source=FHA-Insider&utm_medium=affiliate&utm_campaign=FHA-Jul-20&utm_nooveride=1
This report was contributed by knowledge partner:
Food & Beverage HoReCa FHA Insider Knowledge Partner COVID-19 GlobalData
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