COVID-19: Massive impact on European construction equipment sector
he European Construction Equipment industry is all set to experience major challenges due to COVID-19 pandemic.
The European Construction Equipment industry is all set to experience major challenges due to COVID-19 pandemic. Given the fact that thirty percent factories have been shut and manufacturing and production coming to a standstill, the industry is poised to witness a grave situation ahead. The losses that could occur due to uncertainties surrounding the impact of the Coronavirus leading to the overall shutdown is difficult to estimate at the moment. Some of the worrying factors remain delayed construction projects and supply chain disruptions apart from fulfilling sales targets.
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