Electronic Component Manufacturers Face Lengthy Recovery from COVID-19
- Claire Anderson
- Electronic Components
- Electronic Manufacturing
- market news
COVID-19 has caused severe disruption among electronics manufacturers, presenting consumer electronics and the automotive industry with a challenging year ahead, according to GlobalData, a leading data and analytics firm. In a fresh report, analysts disclose that economic shutdowns, which started in China and extended across the globe, have significantly impacted supply chains and may delay the prototyping and production of new products as a consequence. This is further compounded as new car purchases, including electric vehicles, are now unlikely to be a priority for businesses and consumers, amid the economic uncertainty resulting from the pandemic. One of the global electronic...