OE-A Business Climate Survey: Sales decline of 20% predicted for 2020.
Printed Electronics Now staff10.28.20
The organic and printed electronics industry is also severely affected by the COVID-19 pandemic, according to the latest business climate survey by the OE-A
(Organic and Printed Electronics Association).
While the figures at the beginning of the year were still very positive with a forecast sales increase of 8%, the survey participants now expect a sales loss of 20% this year.
The main reasons include cancellations of orders and a significantly reduced order intake due to the pandemic.
"This is the first negative sales forecast since the first OE-A Business Climate Survey in 2014," said Dr. Klaus Hecker, OE-A managing director. "Although the order situation has recovered significantly after a strong decline in the 2nd and 3rd quarters, companies will not be able to fully compensate for the sales losses already suffered this year."
The semi-annual OE-A Business Climate Survey sheds light on the anticipated growth of the organic and printed electronics industry. During each survey, OE-A members – from material suppliers to end-users – are asked to provide qualitative data on the state of the industry and their expected sales development.