1、NOWNEXTWhat to do Now, What to do NextCovid-19: From survival From survival to revivalto revival Industrial post COVID-19 March 2020 The state of industrial Covid-19 has turned into a global crisis, evolving at unprecedented speed and scale. No industry is immune and Industrial Equipment is no excep
2、tion. Industrial Equipment companies are grappling with the immediate impact of Covid-19 as both their manufacturing and supply chain operations are being disrupted, and their customers own operations face similar challenges. This is having an exponential effect down the whole supplier network, hitt
3、ing Industrial Equipment companies with a lag, but at full force nonetheless. This comes at a time when Industrial Equipment companies were already facing severe economic headwinds with clear signs of a recession in their main markets around the globe. The global economy was cooling down (Global GDP
4、 growth declined by 13% from 2017-2019; Source: Accenture Research based on IMF DataMapper world economic outlook) and Industrial production in most global markets has strongly decelerated. The Covid-19 crisis is adding yet another vast layer of complexity to an already hugely challenging environmen
5、t. Industrial Equipment is critical to the worlds economy: with over $3 trillion in revenues it represents about 25% of the manufacturing GDP (21.2% of GDP in US manufacturing, 25.4% in Europe and 32.9% for Japan) with a significant workforce, up to 30% of all manufacturing employees across the glob
6、e. CovidCovid- -19 comes at 19 comes at a time of a time of economic economic uncertaintyuncertainty Industrial Equipment manufacturers must act now to preserve the integrity of their operations and protect their people while preparing for the ramping back up of their operations and the future post