This year has seen one of the worst financial crises since the Wall Street Crash. The economy has seen a rough start to 2020, thanks to COVID-19 causing mass disruption for manufacturers globally. The electronics sector, much like all major industries, has been substantially affected by the virus in all divisions including events, manufacturing, supply chain and staffing. With COVID-19 grinding spending and production to a halt, official data shows that China’s economy suffered a sharp decline of 6.8% in the first quarter of 2020, according to Business Leader. However, from this date onwards, the global economy looks as if it is starting to bounce back – along with the electronics industry.
