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Impact of the globalization of the epidemic on the machinery industry

Mar 25, 2020

The World Health Organization has announced that the new coronavirus pneumonia epidemic has constituted a public health emergency of international concern. According to the investigation of China Machinery Industry Federation, affected by this, some machinery companies have received notice of deferred delivery or cancellation of orders, but such incidents are not yet common.


"This has a greater impact on small and medium-sized manufacturers, and the market share of domestic leading manufacturers will further increase. Compared with industry leaders, small and medium-sized manufacturers have significant gaps in products, services, cash flow and other aspects, and their overall ability to resist risks is also weaker. Analysts from the machinery industry said.

 

For listed companies in the machinery industry with relatively high exports, the biggest credit risk in overseas markets stems from counterparty default.


Some insiders have analyzed that the global epidemic situation is still continuing, and it will take some time to fully return to normal production and operation. In addition to the losses caused by previous shutdowns, it is expected that the major economic indicators of the machinery industry will fall in the first quarter. . Facing the short-term operating difficulties of some small and medium-sized enterprises, the relevant departments have issued a number of support policies. It is expected that the economic operation of the machinery industry will show a trend of low to high in 2020, and then gradually rise. Will maintain a small increase.


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