US: +1 646-781-8004 | Europe:+44-203-868-8738 | APAC:+91-744-778-0008

Meticulous Research Viewpoint: Automatic Identification and Data Capture (AIDC) Industry Amid Global COVID-19 Crisis

Automatic Identification and Data Capture (AIDC) Industry Amid Global COVID-19 Crisis

The novel coronavirus or COVID-19 crisis is having a significant impact on people and businesses worldwide. The global pandemic has deeply impacted almost every industry on a global platform. Virtually every country across the globe is expected to face grave economic crisis, which will also impact industries, such as AIDC. The rapid spread of COVID-19 is causing retract on international business outlook. The world is looking at an unprecedented and challenging future, as COVID-19 impacts more and more people. The slowdown in the end-market demand is exerting tremendous pressure on the AIDC devices supply chain, while this industry is facing a challenge of balancing supply and demand environment. According to a survey focused on COVID-19 business and supply chain impacts conducted by the Institute for Supply Management (ISM), around 57% of respondents said that demand for their products had decreased by an average of 5% while the demand in the healthcare and social assistance sector increased by 50%. Countless stones remain unturned, which may reveal greater impacts on all aspects of business and supply chain operations, as the COVID-19 pandemic continues and while the outcomes of forthcoming years are largely unclear.

Download a Copy