The Impact of COVID-19 on LED Screen Industry in 2020

The year 2020 is bound to be a “year of life and death” for many Chinese export enterprises. In the past year 2019, many small and medium-sized enterprises exporting foreign trade have experienced a difficult year of great uncertainty.After enters in 2020,the outbreak of the epidemic made many enterprises even worse,whatever import or export.Epidemic from happen to now have lasted for more than four months,the Chinese government have strong leadership and give the world an good control model,the disease in China has been basically under control, the life and work of the Chinese people are gradually returning to normal.But that doesn’t mean China’s exports and imports have returned to normal.When we resumed our work in an orderly manner and export data were expected to slowly recover, the continued outbreak of the epidemic overseas again plunged us into a collective dilemma and confusion.

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The epidemic has limited people’s activities,people are less active in public places like shopping mall,the movie theater and the street etc. Although some countries do not intervene too much, it still has a certain impact on the economic development,cross-border retail data dropped sharply, and even the sales data of some industry categories fell off a cliff. So what’s the impacts on our led screen industry?

1.Some overseas purchasing customers cancelled or delayed orders.

Due to the instability of the market, some customers’ original plans have been cancelled.Many screen projects have been forced to suspend or stay in a wait-and-see stage.

2.Logistics and transportation have been affected, and many international logistics have been suspended or warehouses are overstocked, resulting in customers unable to get their goods.

At present, flights in Europe and the United States are decreasing, and many countries have closed their cities and even their borders. As a direct result, overseas logistics costs have skyrocketed.

3.There will be a certain decline in overseas market demand in the short term.

At present, the persistence of the overseas epidemic has had a certain impact on the production and consumption of overseas countries.Just like China’s mentality of epidemic prevention and control, many consumers will not go out when the epidemic continues, so the export data and demand of some categories will drop significantly. For example, the export demand of outdoor goods and non-daily consumer goods will definitely have a great impact and impact in the short term,the led screen is the one of them.

4.The global epidemic is serious, but it is also a good time for us to reorganize our cause,maybe this is your chance.

Although the development of the market economy is not optimistic, we still have to believe in the government, believe in ourselves can survive in the gap,usher in the spring of economic recovery.We still need to keep an eye on the epidemic situation and the changes in led display industry information at any time, take advantage of this opportunity to take a good rest and seek for the reliable LED screen suppliers, so as to establish a long-term and good cooperative relationship in the future.


Post time: May-11-2020
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