The electronics industry has undergone growth over the past century, that no one ever thought. However, COVID 19 is a new challenge for which it has never faced. COVID-19 has changed the world. It has a significant impact on almost everything and everyone, as well as the power industry - as well as the wider electronics industry as a whole.
This is not due to the uncertainty that exists due to the high potency of COVID-19 and the unpredictable reactions of the government and industry, many of which have stopped working for this period. Due to COVID-19 transportation sector is seriously affected and the most affected part of it is the aviation industry. As the aviation sector is completely in standstill, the related service in all airports is also stopped. So far the question for electronics manufacturers is that many are expecting shipments delays of five or more weeks due to shipping delays from China or other countries where manufacturers are already having the most negative impact of the virus. According to research conducted by the IPC since February, the delay is expected to be longer and will affect the rest of the year, said John Mitchell, president and chief executive officer of the IPC.
Industrial operations and business slowed and global stock markets fell more than 25 percent in March 2020, and the ongoing lockdown could lead to a global economic downturn. The outbreak of Covid-19 out in 2020 is estimated to cost the world economy about 1 trillion.
The serious truth is that many of these companies due to this pandemic are unlikely to survive all over the country (or epidemics), especially if implemented lockdowns and employee-like measures continue for a long time. Because of the change in supply and the less availability of critical components could lead to a profitable company going into severe loss or maybe bankrupt which seems not a good sign for the industry. These companies rely on narrow borders, something that is appropriate in a time of prosperity, but few will have the appropriate measures to be able to face such a catastrophe as a grave as global epidemic like COVID-19.
It is also important to think about what will happen after the epidemic ends. It's totally two different things to survive in a pandemic and surviving afterwards. For example, concerns do not solely lay with manufacturers but also their customers—will these customers still be there, or will the pandemic's impact mean that they are no longer there or that they no longer require your product? This is just one of a seemingly endless supply of worrying considerations that electronics leaders the world over need to think about.
Decrease in demand
But what about the power electronics industry? Though everyone is staying at home, the power industry is still among the sectors which get affected by this epidemic. According to energy industry body Independent Commodity Intelligence Services (ICIS), power availability should remain consistent. This is because security measures have been implemented in many countries. In contrast, French grid operator RTE expects demand to decline. This could be a sign of a bigger problem with the covid-1 atomic field. Michael Snyder, independent energy and nuclear policy analyst, weighed in on his thoughts: "Covid-19 poses an unprecedented threat to the most sensitive strategic infrastructure in the power sector. The French state-controlled EDF, the world's largest nuclear operator, announced at the end of March 10, 2020 that all three employees at the nuclear facility had tested positive.
Other side of Bad Impacts on Semiconductors and Electronics Industry
The semiconductor and electronics industry is among the severely hit industries owing to its dependence on the severely hit China and other Asian markets. Some of the segments in this industry are at high risk such as consumer electronics, and automotive among others while other segments remain healthy including cloud-computing data centers, communication & connectivity technology, and healthcare.
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