Anthony Locicero, Associate Editor11.04.20
According to McKinsey & Company’s “COVID-19: Implications for Business,” global economic contractions resulting from the COVID-19 pandemic have far exceeded those of the Great Recession that ended in 2009 and have occurred at a much faster rate, hitting all sectors and many of the world’s largest employers.
“Like most other companies during this time, we have been heavily impacted by COVID-19, not just due to changes in the markets we serve, but also our new operations processes,” said Tony Searle, business director, electronic materials, Sun Chemical.
Searle said the automotive market saw a sharp decline in the first half of the year due to fewer people buying new cars.
Other markets, such as medical and food packaging, “have weathered the impact better,” he added.
Impacts on Ynvisible’s business have been “moderate,” according to CEO Jani-Mikael Kuusisto.
“This has been a year of steady income growt
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