Impact of the COVID19 epidemic on China's LED industry
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Author:Christina Elan
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Published time: 2020-06-23
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Impact of the COVID-19 epidemic on China's LED industry
Author: Christina Elan, Executive Director of Banqled listed company located in Shiyan Town, Bao'an District, Shenzhen, Guangdon, China.
Tangsong is a LED lighting manufacturer who was involved in this epidemic Since the outbreak of COVID-19 in 2020. Lots of
medium and small enterprises in China got bankrupt. Due to the impact of COVID-19, the current market economy and LED
business downturn, many china manufacturers are being forced to reduce employees in order to reduce costs.
The impact of this epidemic on LED industry can be felt in both short and long terms. In short time, the LED industry will be hit
hard. in the long run, the epidemic will definitely have a profound impact on China's LED industry.
In a short term, Consumption, infrastructure and labor-intensive industries in overseas market will suffer a greater blow. The impact
on retail businesses such as shopping centers, wholesale markets and hotels is disastrous. Infrastructure construction, real estate
development and labor-intensive industries, such as textile and clothing among other traditional industries, have been hit hard.
Many industries have been temporarily shut down. While it comes to high-tech industries, PCB circuit board manufacturers and
mobile phone assembly plants, among other labor-intensive enterprises in the filed of electronic information, are greatly affected.
With the Research and Development of vaccines, more and more people got vaccinated for COVID-19, The global economy is
recovering and LED businesses will be getting better and better.
We're sincerely hoping that the LED businesses between suppliers and customers will be returned to normal as per epidemic era.
Tangsong is a LED lighting manufacturer who was involved in this epidemic Since the outbreak of COVID-19 in 2020. Lots of
medium and small enterprises in China got bankrupt. Due to the impact of COVID-19, the current market economy and LED
business downturn, many china manufacturers are being forced to reduce employees in order to reduce costs.
The impact of this epidemic on LED industry can be felt in both short and long terms. In short time, the LED industry will be hit
hard. in the long run, the epidemic will definitely have a profound impact on China's LED industry.
In a short term, Consumption, infrastructure and labor-intensive industries in overseas market will suffer a greater blow. The impact
on retail businesses such as shopping centers, wholesale markets and hotels is disastrous. Infrastructure construction, real estate
development and labor-intensive industries, such as textile and clothing among other traditional industries, have been hit hard.
Many industries have been temporarily shut down. While it comes to high-tech industries, PCB circuit board manufacturers and
mobile phone assembly plants, among other labor-intensive enterprises in the filed of electronic information, are greatly affected.
With the Research and Development of vaccines, more and more people got vaccinated for COVID-19, The global economy is
recovering and LED businesses will be getting better and better.
We're sincerely hoping that the LED businesses between suppliers and customers will be returned to normal as per epidemic era.
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