Emerging Needs from COVID-19
Chinese manufacturing production is down 38.9% Year-over-Year (YoY) for the first three months of 2020 and the United States is experiencing its largest monthly decline in industrial production since 1946. Meanwhile, food and beverage manufacturers are mass producing hand sanitizer, automotive and aerospace companies are producing ventilators, and hundreds of companies with 3D printers are producing Personal Protective Equipment (PPE). This is not the new normal but an interim period of tremendous transition that is amplifying existing drivers of digital transformation.
This ABI Insight outlines the impact of COVID-19 on manufacturing technology adoption on a near- to mid-term horizon. In doing so, ABI Research outlines four main scenarios for recovery and a set of best practices for suppliers to come out strong.
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