COVID-19 pandemic will force companies around the world to radically rethink how they operate and embrace technological investment
Mar 18, 2020
MARCH 18 2020, NEW YORK, USA: The Coronovirus 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 stimulation 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.”
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.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
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