In the last quarter of December of 2019, the Covid-19 scare was still brewing in China’s Wuhan province. When the outbreak started, it immediately spread to around 100 countries at such an alarming rate of infection, wreaking havoc, and death to affected regions. News organizations from around the world took notice of the event which has prompted the World Health Organization to declare a public health emergency.
The effects of coronavirus disease (Covid-19) is likely to leave a huge impact on a global scale. After spreading to around 100 or so countries, it certainly is going to create a ripple effect in the global economy affecting various industries without any exception.
This means that it will hurt the water jet machine sphere. This covers the industries that depend on it and the businesses whose core operations rely on it.
Experts anticipate 3 distinct ways in which the Covid-19 scare will affect the global economy. First, it will have a direct impact on production and demand. Second, it will disrupt the market and supply chain. Third, it will bring about losses on firms and will pull down financial markets, too.
We have also witnessed how this pandemic affected our lives in so many ways, from community quarantines to flight cancellations, travel bans, and closed business establishments. We even need to put restrictions on conducting indoor events and other similar social gatherings.
More than 40 countries have declared a state of emergency and the stock market suddenly became volatile. It also caused business confidence to plummet, inducing panic, and unrest to the majority of the population. Thus, what we are facing now is going to bring us an uncertain future.
A Bleak Future for the Water Jet Machine Industry?
As weeks and months go by without any sign of hope that the coronavirus pandemic will be over soon, it will continue to shape and transform our city life. In the absence of the right and effective vaccine against this virus, the majority of these unpleasant disruptions we are experiencing now are likely going to become permanent. It has overwhelmed our community hospitals and is crushing commerce.
It is also restricting our access to different kinds of spaces, shunning people to remain inside their homes.
Needless to say, the priority we have right now is to save the lives of those who’ve been infected by the virus. Coming next to this, we must not leave behind the delivery of essential services and keep the law and order visible for everyone to see.
In the meantime, the waterjet industry needs to keep itself at pace with the growing demand for microsized parts and components of medical machineries and tools. They need to provide hospitals and other similar health institutions a steady supply of personal protective equipment, from face masks to laboratory gowns.
There is also a surge on the demand for respirator machines. Massive productions of which are inevitable and to fill in the void in this area, independent but accredited manufacturers need to come into the picture. The use of water jet machines here will help in the production of parts and components, without having to risk putting quality in compromise since this material cutting system is known for its precision and quality.