ARC Advisory Group Updates Industrial Market Forecasts in Light of COVID-19 Pandemic
ARC Advisory Group has updated its market models to reflect the potential impacts of the coronavirus on industrial markets based on different scenarios. ARC analysts have also published a variety of public blogposts that provide relevant operational-related insights related to COVID-19 for participants across industry and infrastructure.
Dedham, MA (PRUnderground) April 17th, 2020
In addition to the human tragedy caused by the current COVID-19 crisis, the social distancing mandates related to this novel coronavirus have disrupted production operations and business across most industrial and commercial sectors. ARC Advisory Group has updated its market models to reflect the potential impacts of the coronavirus on industrial markets based on different scenarios.
“As industrial and infrastructure organizations struggle to navigate through these very volatile and uncertain times, it has become challenging to make the right business and ethical decisions that balance the ongoing need for business continuity with health and safety concerns for employees, customers, suppliers, partners, and the general public,” commented Andy Chatha, ARC Advisory Group president and founder.
“The tragic pandemic has also made business planning particularly challenging,” Mr. Chatha said. “In response, we’ve developed new market models for automation products across most major industrial segments. While no one knows for certain the ultimate business impact of COVID-19 across these industries, we’ve created a variety of scenarios that ARC analysts are using to update their market analysis reports and forecasts. These updated forecasts should make business planning more manageable for our clients.”
ARC analysts have also published a variety of public blogposts that provide relevant operational-related insights for participants across industry and infrastructure. For more information readers should visit www.arcweb.com.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.