Where are the opportunities for the electronics industry in the post-pandemic era?
Release time:
2020-08-19 11:49
The COVID-19 pandemic disrupted many industries, with numerous businesses facing "work stoppages" in the first half of 2020. During the electronica China show in Shanghai, held from July 3rd to 5th, OFweek Electronic Engineering Network discovered through communication with numerous electronics manufacturers that the impact on the electronics industry was not as severe as anticipated; some companies even saw their achievements improve during the pandemic. Overall, the COVID-19 pandemic served as a mere temporary "pause button" for the electronics industry. Now, with the pandemic under control, the industry is recovering, and the pace of social development is accelerating. The electronics industry during the pandemic.
The COVID-19 pandemic disrupted many industries, causing numerous businesses to experience production shutdowns in the first half of 2020. During the electronica China exhibition held in Shanghai from July 3rd to 5th, OFweek Electronic Engineering Website discovered, through communication with several electronics manufacturers, that the impact on the electronics technology industry was not as severe as initially anticipated; many companies even saw their achievements improve during the pandemic.
Overall, the COVID-19 pandemic only served as a temporary pause for the electronics industry. Now that the pandemic is under control, the industry is recovering, and the pace of social development is accelerating.
The Electronics Industry Under the Pandemic: Hearing from the Companies
From the significant decline in revenue from industries such as tourism, travel, catering, retail, and cultural entertainment, to the limitations on resumption of work and production in industries such as industry, manufacturing, and construction, and the rise of new lifestyles such as online e-commerce, remote work, online education, and contactless delivery, the COVID-19 pandemic has presented various challenges and opportunities to different industries.
Due to the pandemic, the electronica China, originally scheduled for March, was postponed to July. However, the number of participating companies and visitors was considerable. With the domestic pandemic under control, the international situation is less optimistic; therefore, the exhibitors were mainly domestic electronics manufacturers.
After communicating with Adxex, OFweek Electronic Engineering Website learned that the pandemic initially impacted the company's sales, mainly due to the decrease in demand from application-end customers. For example, in the automotive manufacturing industry, the inability of offline physical retail stores to operate led to a significant decrease in market demand. Even with previous orders, production was hampered by the difficulty of workers returning to their posts, hindering the quick recovery of normal production lines. Another challenge faced by Mobile phone assemblers was ensuring that the virus would not spread among workers. Companies such as Foxconn, Apple's largest OEM, and many domestic Mobile phone manufacturers, experienced shutdowns in the first quarter, resulting in a reduced market output.
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