SANTA CLARA, California » Sept. 28, 2020 » The Reshaping of Industries Caused by COVID-19

, /PRNewswire/ — Frost & Sullivan’s recent analysis, , encompasses nine key trends that will emerge from industries reshaping as a response to COVID-19. With the pandemic’s negative impact on the global economy, immediate action is critical. Technology leaders must assess the emerging opportunities resulting from COVID-19 and provide technological innovations to build company, society, and consumer resilience.

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“From transformative MegaTrends to geopolitical chaos, there are several factors making it increasingly difficult to grow,” said Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. “In the near term, companies should focus on diversifying supply chains and leveraging new opportunities arising from changing customer demands. In the long term, it is important to internally adapt to new technologies that support workplace and operational continuity to have a smoother transformation during recovery.”

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Visionary Innovation Group Research Analystadded: “The shift in focus on cost optimization and on avoiding further production losses post-COVID-19 has accelerated the adoption of automation and industrial robots across various industries. As a result, the global industrial robotics market is expected to grow from in 2020 to in the next five years, with increasing FDA approval and patent activity.”

The nine key trends across industries that will emerge as a result of COVID-19 are:

The Reshaping of Industries Caused by COVID-19 »

is the latest addition to Frost & Sullivan’s research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. .

The Reshaping of Industries Caused by COVID-19

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