The immediate effects of the coronavirus outbreak and the ensuing lockdowns exacted a heavy toll on the global economy and presented the greatest challenge in a decade for the auto sector. According to McKinsey & Company, global sales of light vehicles in 2020 are expected to decline 20 to 25 percent from pre-pandemic forecasts. In…
The shared mobility industry has very quickly lost both passengers and profits as a result of the coronavirus outbreak but it can make a strong comeback with the right strategies, says McKinsey & Company. “Consumers are indeed wary of shared mobility, given the risk of viral infection, and mobility-service providers (MSPs) must take decisive…
The coronavirus pandemic has resulted in work stoppages, delays in production schedules, supply chain breaks, and market uncertainty for businesses all around the world. One major sector that has not been spared the effects of the contagious condition and its economic fallout is the auto industry. The sharp decline in demand for vehicles has cast…
For years, experts have been warning that the increasing number of companies relying on debt to stay afloat poses a serious threat to the global economy. Most economists agree that the proliferation of these “zombie” firms, which are basically on life support, makes it more difficult for profitable companies to grow as they drain capital…
