• COVID-19 Pandemic Will Force Companies Around the World to Radically Rethink How They Operate and Embrace Technological Investment
• ABI Research Analysts share their thoughts on the likely short-and long-term impacts the global pandemic will have on technology and end markets
The Coronavirus outbreak and the worldwide reaction to the pandemic will force companies to radically rethink how they operate and embrace technological investment, states global tech market advisory firm, ABI Research.
In its new white paper, Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets, ABI Research Analysts look at the current and future ramifications of COVID-19 across technologies and verticals. Analysts also offer recommendations to weather the storm and strategies to help companies rebound and prosper after the pandemic has slowed.
“To effect change, there must be a simulation of a magnitude that means companies cannot do anything but make bold decisions to survive. COVID-19 is that magnitude,” explains Stuart Carlaw, Chief Research Officer at ABI Research.
Bold decisions and technological investments could lead to outcomes such as:
- A more concerted and widespread move to lights-out manufacturing
- Increased usage of autonomous materials handling and goods vehicles
- A more integrated, diverse, and coordinated supply chain
- Investment in smart cities to support community resilience
- A move to virtual workspaces and practices
- And so much more
“Before we feel this potential long-term impact, there will be some serious short-term implications. Contractions in consumer spending, disruptions to supply chains, and reduced availability of components will create a rough sea for all boats,” Carlaw says. “In the short-term, there will be a retrenchment in outlooks a reduced investment in modernization, as survival instincts trump the drive to prosperity.”
THE SHORT- AND LONG-TERM RAMIFICATIONS ON TECHNOLOGY AND END MARKETS
The COVID-19 pandemic has produced a chain of events, unlike anything we have seen in our lifetimes. Our daily routines have been flooded with uncertainty, both at home and at work. This has resulted in questions about the future state of our global economy.
There is no doubt that the coronavirus outbreak will have significant ramifications for technology companies, those companies investing in technology to enhance operations, and the customers of those companies.
To help provide some clarity in this tumultuous time, ABI Research analysts have compiled their thoughts on the likely short- and long-term impacts this pandemic will have on key technologies and end markets.
This ABI Research Free Whitepaper offers insight into:
- The current state of technologies and end markets in the wake of the pandemic
- Short- and long-term ramifications of COVID-19
- Recommendations to weather the storm and strategies to help companies rebound and prosper after the pandemic has slowed
For a clearer picture of the short- and long-term global impacts of COVID-19, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets
