COVID-19 PIVOT (COVOT)
The automotive industry will take a big hit from the coronavirus pandemic, and as cities and countries go into lockdown, personal transport will become less important. We will also see a massive decline in factory capacity to keep up with the manufacturing schedules. Globalised access to parts will also be a problem, as many car manufacturers rely on factories in Chinese regions, including the heavily impacted Wuhan region.
- Use existing manufacturing facilities to create protective and safety equipment