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How Will COVID-19 Affect Machinery and Industrial Automation?
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How Will COVID-19 Affect Machinery and Industrial Automation?



Editorial Rating

8

Qualities

  • Analytical
  • Well Structured
  • Hot Topic

Recommendation

You know the economy is taking a massive hit from COVID-19, but is the pandemic as bad as the 2008 financial crisis? If it is, will your company suffer more, or less than it did then? If you’re part of the machinery and industrial-automation industry, it probably depends on which sector your company serves. Regardless, the Boston Consulting Group has compiled some statistics, projections and tips to help you pull through the crisis. The BCG report encourages leaders to look beyond their ruined plans, find solutions for scenarios they may face and “shape opinions in their own environments.” 

Take-Aways

  • Sales in the machinery and industrial-automation (MIA) industry have a robust correlation to GDP.
  • MIA industry recovery from the 2008 financial crisis varied by region.
  • COVID-19 could result in one of three scenarios in 2021.

About the Authors

Ina Wicker, Markus Lorenz, and Roland Haslehner prepared this report for the Boston Consulting Group, a global management consulting firm.


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