What is the impact of covid-19 on the machinery and equipment industry

China, the United States, Germany, Japan and the United Kingdom are the top five countries in the machinery and equipment industry, accounting for 45 percent of global trade. The industrial chain of this industry presents obvious regional characteristics. East Asia, North America and Western Europe, with China, the United States and Germany as their centers, link the manufacturing capacity of the global industrial chain and gradually transmit it to other countries and manufacturers on the relevant regional industrial chain.
In general, the industrial chain of machinery and equipment is mainly affected by the development of the epidemic in China, the United States and Germany. Once these countries have difficulties in the supply of machinery, it may lead to the stagnation of global manufacturing production. Epidemic region development situation, on the other hand, will also be about the location of the manufacturing production and operation condition, a strict epidemic controls and terminal demand will lead to cannot give full play to existing manufacturing capacity, but it also shows that various countries equipment production capacity, demand will also relative decline, thus to mechanical equipment suppliers and production resume work provide certain fixed space.
To sum up, due to the implementation of epidemic control measures, the negative impact of global supply chain on regional industrial chain hub countries will gradually spread to other countries on the industrial chain, resulting in supply chain disruption. At the same time, in the long run, it may promote the intelligent upgrading and reconstruction of the global industrial chain, and improve the resilience and speed of the industrial chain in response to emergencies. At the same time, the distribution of industrial chain suppliers is likely to become more diversified to reduce risks and dependence on specific suppliers.