Skip to main content

Impact of COVID-19 on Global Electronics Industry



As per recent information from the survey, 40 percent of the worldwide electronics manufacturers and retailers surveyed reported they believed that consumer electronics were likely to be the most impacted industry due to the coronavirus (COVID-19) pandemic. The epidemic of the COVID-19 has made the electronics industry under pressure owing to the company’s slowdown, state or city lockdowns, and lack of the workers throughout the world. China is known for the electronics industry's supply chain, with the presence of corporations basing that has massive factories in the country. China-based manufacturers are continuously panic related to the disordering linked to the COVID-19 that include delay manufacture for weeks of final-product consumer electronics. Shipping delays from China can cause several negative impacts for manufacturers based in North America, Europe, India and other areas that depend heavily on inputs from China in order to manufacture finished electronics products in their local factories. Further, detain in raw material delivery are leading towards the increasing break of the factory that leads to higher average costs and lower financial performance.
China is the main centre of this plague with the greatest number of positive coronavirus cases declared in the city of Wuhan. China is known to be the manufactory of the world with its unrivalled manufacturing base. This pandemic has caused a massive strain on the sectors that depends on imports from China for their production. The industry that has suffered the most owing to this plague is the electronic industry, given its dependency on Chinese manufacturers and suppliers. According to the study, almost 18% of India’s merchandise imports are from China.
Major electronics companies have shown their impacts due to COVID-19 globally. Companies have already declared that it would not meet earlier announced sales estimates for the first quarter. The company also delayed the launch of various products due to this pandemic outburst. Research by the American Chamber of Commerce in Shanghai (AmCham Shanghai) found that two-thirds of US businesses operating in China expect demand to be lower as a result of COVID-19 due to lack of enough staff.
Although, the effect of the COVID-19 on the import & export of electronics due to the organization's deceleration in the first quarter is avoidable. According to stats, the first quarter is the slowest period every year for the electronics business all across the globe. Although the results for the second quarter rely heavily on the recovery from the rollout from the pandemic COVID-19. Many packages and testing plants in China have decreased or even closed their operations due to the lack of workers. This has created a cutthroat for electronic manufacturing companies.
Amongst the Coronavirus pandemic, India can be considered as a recommendable substitute for manufacturing all range goods. The Indian government will have to work on the ability of the manufacturing sector to set India as a feasible alternative for manufacturing. There are preferable manufacturers and suppliers in the digital signage fragment like SunshineDisplay System who already leading from front with their exceptional digital signage solutions, reducing the import dependency in the process from international organizations.

Comments

Post a Comment

Popular posts from this blog

Key Advantages of LED Sign Board

A sign board is a board that displays a business or product name, logo, or any advertisement news. It gives us short details about a company or a commodity. When we think about it now all over there is sign board. Some showcase a celebrity, some showcase special offers and some showcase a benefit to the client. For most businesses, building company signage or sign board was a basic necessity. It was a vital method to gain respect from each business ‘ prospective customers. With the passing of time and the advancement of technology, the conventional  Led sign board   has gone from being easy and inexpensive to becoming an interactive and larger marketing tool. Nevertheless, both the traditional and modern types of signage are still widely used nowadays in all parts of the globe. Basic advantages of Signboards are: It helps one’s target customers to locate the store or business place Provides information without the need of searching for it Drives traffic to one’s ...
15 comments
Read more

LED Video Wall Technology Trends in Digital Signage

  In regards of the present trade situation, in order to gain attention to your business almost each thing is exhibited digitally. Companies are trying out to occupy the customers as much as attainable. We can say, there is a prolong need for LED Digital display solutions as it is said that the things you look at the influence your conclusion-making process. LED Video wall displays proclaimed to every customer and buyers and therefore there has always been an ever-increasing requisition for LED display system. Display systems have enhanced their technology day-by-day from projector screens to modern Digital LED Signage screens.   LED video wall display solution have sustained influential developments and variation over the last few years. Attributing to developed and latest generation highlights such as large mm pixel pitches and proven touch solutions, unlimited scalability, LED video wall displays are receiving achievements and finding uses in residential and commercial...
Post a Comment
Read more

Outdoor Digital Advertising – New Era of Banners

With the proliferation of digital LED and LCD screens, they have become attractive for large corporations both as a brand recognition method and as a way to organize advertising campaigns. Previously only outdoor advertising tended to be digital. Today a  digital advertising campaign  may be carried out in the streets and inside public and usually crowded buildings. As a result, the size of the potential audience grows and the production cost of video-based content shrinks. Although video materials need to be adapted to diverse types of screens (both in software platforms, in size and dimension, at times in unusual screen shape), this creative adaptation is much cheaper and less time-consuming compared to the actual production of video clips. To start a comprehensive advertising campaign, one needs only to evaluate the potential audience, determine the broadcast cost and consumer priorities, optimize spot length and frequency on various OOH screens. A closely related...
1 comment
Read more