The Coronavirus (Covid-19) pandemic continues to ravage the world, dealing significant disruptions to industries everywhere, including our beloved automotive industry.
With land travel being a major factor in ensuring that everything in the world runs smoothly, it can be said that the automotive industry is also a ‘frontliner,’ so to speak.
Unfortunately, this ‘frontliner’ is one of the most affected service provider that we have. The entire automotive supply chain has been compromised, from manufacturing, to distribution, delivery, and sales. The dramatic drop in productivity is completely changing how car brands operate. To cite a few examples, some car launches are now being held online, and the pageantry of F1 races have been relegated to the virtual world.
So, how else is the Covid-19 crisis changing the automotive landscape as we know it? Here are some of the positive and (mostly) negative forecasts from industry pundits.