According to Futuresource, the combined financial impact of the coronavirus (aka Covid-19) pandemic on the CE, entertainment content and proAV industries is worth as much as $120 billion, at least in comparison with pre-pandemic forecasts.
“Interruptions within supply and manufacturing chains, coupled with the necessary social lockdowns have inevitably led to substantial downward pressure on many industries,” the analyst says. “It’s evident that large employers are being hit severely, particularly in tourism and financial services. Businesses with tightly integrated supply chains and those working on lean manufacturing principles are also heavily exposed, with hotspots within automotive and industrial. In contrast, some categories within CE, entertainment and professional AV sectors are benefiting from the social distancing measures. Video conferencing, gaming and subscription video on demand (SVoD) are good examples.”
