CLEVELAND, April 30, 2020 /PRNewswire/ -- The COVID-19 pandemic is causing major shifts in supply chains for a wide range of industries worldwide – from foodservice to motor vehicles. How are the leading industry players adapting in the changing market environment, and what opportunities and challenges are these conditions creating across global supply chains? The Freedonia Group's COVID-19 Economic Impact Tracker is continually updated to keep businesses informed as the economic impact of the COVID-19 pandemic evolves.
Shifting consumer buying habits cause demand for warehouse space to increase
Government stay-at-home order are driving supply chain shifts as consumers increase the amount of shopping they do online and more food and supplies are being distributed through consumer (rather than commercial) channels. These abrupt changes in consumer behavior are causing demand for warehouse space to increase rapidly, which is expected to boost demand for a wide range of building and construction materials, key among them:
metal roofing, siding, and wall panels
cement and concrete used to make subfloors, flooring, and such areas as loading docks
commercial-grade HVAC systems
material handling equipment, including racks, conveyors, and storage and retrieval systems
safety equipment and burglar alarms
US automotive industry & supply chains temporarily reshaped
Many US automakers adjusted to slumping new car sales due to COVID-19 by slowing down assembly lines or ceasing production altogether, while other manufacturers have worked to retool production to make ventilators and other needed medical equipment. This contraction of automobile production activity has affected hundreds of companies across the US. For example:
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