COVID-19 Cross-Sector Impact – Thematic Research

Pages: 196 Published: March 04, 2022 Report Code: GDCOV-TR-X092

The virus has now spread to 201 countries and territories. On a more positive note, there are signs in several key markets that infection rates have peaked. Daily confirmed cases in the US have declined considerably since the end of January. Rates of new cases in France have also declined considerably in the past month. Even with Germany reporting the highest rates of new cases among the top 10 infected countries during the month, death rates have remained low. While restrictions remain in place in many countries, including vaccine mandates in a small number of countries, others are choosing to ease or even remove all restrictions. The way we work, shop, eat, seek medical advice, socialize, participate in sport, and entertain ourselves will all be different. Quite how different remains to be seen, but all industries must plan for multiple eventualities.

The COVID-19 Cross-Sector Impact thematic research report analyzes the impact of COVID-19 across industry sectors. It provides side by side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. The report also provides qualitative analysis of each sector and analyze COVID-19 ’s impact on leading companies.

What are the different sectors affected by COVID-19?

COVID-19 impacted several sectors including aerospace, defense, and security, apparel, automotive, banking and payments, construction, consumer, foodservice, insurance, medical/healthcare, mining, oil and gas, packaging, pharma, power, retail, sports, technology, media, and telecom, travel and tourism, and wealth management.

COVID-19 impact on the aerospace, defense, and security sector

Airbus now expects commercial aerospace to recover to pre-COVID levels between 2023 and 2025 led by single aisle extra-long-range aircraft. Defense markets, although relatively shielded from both immediate demand and supply side shocks, are looking vulnerable in many parts of the world as national debates are ignited around fiscal priorities. The future role of the military in supporting civil contingency planning is also under consideration, as is a redefinition of security to implicitly encompass public health and biosecurity aspects. 

COVID-19 impact on the apparel sector

Apparel brands face rising costs from the impact of COVID on the global supply chain. These are being passed on to the consumer in higher prices as retailers and brands are unable to fully absorb them. Furthermore, sales and profits are being hit by delayed stock and store closures, driven by the advance of the Omicron variant. However, luxury brands are performing well. 

COVID-19 impact on the automotive sector

January’s global sales were the strongest showing since July 2021. Omicron has not been as deleterious to sales rates as feared in December. However, it’s clear that the market selling rate continues to be impacted substantially by inventory shortages on dealer forecourts due to ongoing chip supply disruption. 

COVID-19 impact on the banking and payments sector

The volume and velocity of channel shifts amid the pandemic has focused retail banks on operational agility. Redesigning core infrastructure to be more modular has helped reduce interdependencies between processes, expediting time to market and limiting overall complexity and cost.

COVID-19 impact on the construction sector

Supported by stimulus packages, low interest rates, and other unprecedented policy measures across all major markets, the construction industry is recovering from the severe disruption caused by COVID-19 lockdowns and other containment measures. The infrastructure and residential sectors have been picking up quickly, but the commercial and industrial construction sectors have suffered from a drop in investment, with planned projects being delayed or canceled.

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Market report overview

Key sectors affected by COVID-19 Aerospace, Defense, and Security, Apparel, Automotive, Banking and Payments, Construction, Consumer, Foodservice, Insurance, Medical/Healthcare, Mining, Oil and Gas, Packaging, Pharma, Power, Retail, Sports, Technology, Media, and Telecom, Travel and Tourism, and Wealth Management

Scope

This report analyzes the impact of COVID-19 across industry sectors. It provides side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. We also provide qualitative analysis of each sector and analyze COVID-19’s impact on leading companies.

Reasons to Buy

  • Analyze the impact of COVID-19 across industry sectors.
  • Side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors.
  • We also provide qualitative analysis of each sector and analyze COVID-19’s impact on leading companies.

Table of Contents

Introduction

Sector Summaries

Cross-Sector Indices

Winners and Losers

Sector Analysis

Frequently Asked Questions

COVID-19 impacted several sectors including aerospace, defense, and security, apparel, automotive, banking and payments, construction, consumer, foodservice, insurance, medical/healthcare, mining, oil and gas, packaging, pharma, power, retail, sports, technology, media, and telecom, travel and tourism, and wealth management.

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