COVID-19 Cross sector impact-4 March 2022

Globaldata’s COVID-19 Cross-Sector Impact report provides comprehensive coverage of the sectoral analysis, cross-sector indices, etc.

The COVID-19 virus has now spread to 201 countries and territories, with more than 434 million confirmed cases and more than 5.9 million deaths. More positively, there are signs that infection rates have peaked in some major markets. The number of cases confirmed daily in the United States has decreased significantly since late January. The global stock market and corporate sentiment remain volatile, although the tragic events surrounding the conflict between Russia and Ukraine are the main driving force of the market, especially not the short-term effects of COVID 19. Our way of working, shopping, eating, seeking medical advice, socializing, exercising, and entertaining are all different. We still don't know how they differ, but every industry needs to be prepared for multiple contingencies.

A major analysis of the COVID-19 Cross-Sector Impact from a surveyal perspective:

In the Aerospace, Defense & Security sector, Airbus is now towed by ultra-long-haul single-aisle aircraft and expects commercial aerospace to return to pre-COVID levels between 2023 and 2025. While relatively protected from imminent shocks in both supply and demand, defense markets appear vulnerable in many parts of the world as national debates on fiscal priorities have ignited. increase. However, in the automotive sector Global sales in January were the strongest since July 2021, with a global SAAR of $ 79.1 million.

Complete situation analysis of the COVID-19 Cross-Sector Impact:

• Sectoral impact: Pharma and medical’s recovery is based on the availability of an effective treatment or vaccine and the continued recovery of elective surgical procedures and restoration of home healthcare. In retail, stock prices are holding up better than others; markets expect a quicker return to normal than other sectors. In the mining industry companies have benefited from rising prices for gold and other metals.
• Mitigation strategies: in the aerospace sub-sector, mitigate supply chain risks, start long-term movements away from single sourcing where possible, full financial and commercial audits of the supply chain, and ERP refresh. Expect higher levels of long-term government involvement and state ownership in key areas. 
• Impact on the Global Economy: Markets and sentiment remain volatile but the focus shifts to geopolitical tensions. Global stock exchanges and business confidence remain volatile, although the tragic events associated with the Russa-Ukraine conflict are now the main driver of markets, rather than the near-term impact of COVID-19 specifically. These two factors together leave the global economy exposed to further shocks and inflationary pressures over the coming year.

Leverage our free report for more detailed insights on the COVID-19 Cross-Sector Impact.