Mass factory shutdowns are hurting the manufacturing sector, especially harming businesses with locations primarily in China. Manufacturers should expect further logistical delays and labor shortages in light of the COVID-19 (coronavirus) outbreak, which have affected the manufacturing of everything from machinery to furniture.
Coronavirus Risk Assessments
Learn how to assess and mitigate risk across key sectors
Coronavirus Risk Assessment - Oil, Gas & Mining
As concerns over the contraction and spread of COVID-19 (coronavirus) strengthen, major economies have experienced considerable slowdowns in manufacturing and trade activities. Consequently, demand for oil, natural gas and mined commodities has been hit hard, creating volatile commodity prices and uncertainty throughout supply chains.
Coronavirus Risk Assessment - Utilities
COVID-19 (coronavirus) has been slowing industrial activity has constrained demand for natural gas, resulting in bloated inventory levels and volatile gas prices, which has led to uncertainty in input prices for the utilities sector. While demand for utilities is expected to shift due to slowdowns in the industrial sector, demand shocks are not expected as energy consumption will be somewhat offset by increased residential electrical usage.
Coronavirus Risk Assessment - Wholesalers & Retailers
Upstream disturbances in the supply chain for a variety of different materials has imposed significant risk into the industry. As a result, wholesalers and retailers have wrestled with inventory issues and order delays.
Coronavirus Risk Assessment - Transportation, Logistics and Storage
Global business activity is slowing down as new restrictions hinder the moving of cargo necessary for many businesses’ supply chain operations. As COVID-19 (coronavirus) continues to spread, operators in the transportation, logistics and storage industry are subject to a high level of risk due to decreased demand for their services.
Coronavirus Risk Assessment - Hospitality & Restaurants
The COVID 19 (coronavirus) outbreak is slamming the hospitality and restaurant sector as consumers worldwide stay home to avoid unnecessary exposure. With the number of confirmed cases rising by the hour, big-name hotel, restaurant and airline stocks are plunging in step with sharp declines in consumer spending. Operators in this sector will need to step up efforts to appease consumers’ concerns about contracting the coronavirus in order to fortify their paths to recovery.
Coronavirus Risk Assessment - Consulting, Business Support and Media
Travel restrictions due to the COVID-19 (coronavirus) outbreak are likely to be the most significant issue facing consulting, business support and media providers. Providers can expect reduced in-person client meetings and increased remote work environments as well as potential disruptions to services as key buyers grapple with halting the spread of the virus.
Coronavirus Risk Assessment - Academic Institutions
Academic institutions face unique risks in a time of a global health emergency. Understand these key risks and learn how suppliers and key buyers are affected as well as how to mitigate risk in uncertain times.
Coronavirus Spotlight: Transportation and Shipping
As deliveries pile up and capacity tightens due to shipping and transport obstacles from the coronavirus, businesses struggle to keep processes moving.
Coronavirus Spotlight: Medical Supplies and Pharmaceutical Markets
In the wake of the Coronavirus, face mask shortages are underway and pharmaceutical shortages are looming.
Coronavirus Spotlight: The Technology Sector
Tech supply chains around the world show weakened immunity against factory closures in China, the world’s largest manufacturer of mobile phones, computers and televisions.
Coronavirus Spotlight: The Automotive Industry
The automotive industry is one of the first sectors of the global economy to show the symptoms of a serious infection in the wake of the coronavirus (COVID-19) contagion, and the short-term prognosis does not look good.
New Year, New Challenges: Top 3 Supply Chain Disruptors of 2020
As the first month of 2020 closes, ProcurementIQ encourages businesses across all sectors of the economy to consider how the biggest challenges facing global supply chains may affect them in the months to come.
Walking in a Winter Wonderland: Combating Ground Ice and Snow
Ground ice and snow can freeze business operations in the winter. These insights will help your company brave the elements.
Foresight is 20/20: 5 Strategies Procurement Departments Should Consider in 2020
Shifting headwinds across the global economy have thrust procurement professionals into unexplored and uncertain territory. Heading into 2020, it is more important than ever to stay up to date with the latest trends across the procurement industry.