Impact on Light Metal Industry Corona Crisis Developments at a Glance
Here you can find out everything worth knowing about the Corona crisis and its effects on the international foundry industry. We have compiled an overview of current delivery statuses and initial assessments by our experts on the situation in Germany, China and Turkey.
The corona crisis began with postponements of relevant industry events and trade fairs. Today, entire production lines at OEMs are at a standstill for several weeks. Read here about the beginnings of the crisis:
Supply bottlenecks or downtimes currently affect many supply chains. This is also confirmed by The Mechanical Engineering Industry Association (VDMA), which represents around 3,300 member companies in the SME-dominated mechanical and systems engineering industry in Germany and Europe. See the survey results here:
Take a look at our list to see the current status of relevant foundries and suppliers:
In order to capture the overall climate in the international foundry industry, we have conducted a survey on the main difficulties and challenges. A total of 126 participants from 40 countries took part. Read the results in the white paper:
Situation in Germany
The first effects of the corona crisis are already visible in the automotive industry, as many are suspending production in their plants for several weeks. This also raises the question of the effects on the supplier industry and the extent to which this will affect the aluminum industry? Marius Baader, Managing Director of the General Aluminum Association Gesamtverband der Aluminiumindustrie e. V. (GDA) gives a first insight:
At the beginning of March 2020 the Federal Association of the German Foundry Industry (BDG) already conducted a member survey on the current situation. Take a look at the most important results:
How can foundries react now? In the assessment of our expert Johannes Messer, you can find out how government loans and new strategies can help in dealing with the crisis:
In order to provide German foundries with additional assistance in the difficult situation, we have convened a panel of experts as part of the webcast series "From Expert to Expert". The German-language video reflects the current situation and helps foundries to orientate themselves in times of crisis:
Situation in China
Our expert Xia Xu-Fees, outlines the current situation in China and explains what could be learned from the negative impact of coronavirus on global supply chains and what measures would be taken in China to stimulate the economic outbreak:
Situation in Turkey
The coronavirus doesn't stop at Turkey either. What effects does the pandemic have on Turkish industry? Our expert Dr. Ramazan Kayikci gives an initial assessment of the situation:
Situation in India
How are Indian companies coping with the corona crisis? With a focus on supply chains, recommendations for action and government measures, our experts xy and yc explain how the corona crisis is developing in India.
Even though the situation is changing worldwide on a daily basis, we are trying to keep you up to date with the latest news as best we can.
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