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6 Ways The Tech Industry Is Confronting The Coronavirus Pandemic

The coronavirus pandemic has hit the IT industry hard with supply chain disruptions, plunging stock prices and forecasts of reduced IT spending.

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The IT industry, with its broad exposure to international markets, sophistication in prognosticating economic risk, and scientific bent of its highly educated workforce, was quick to recognize and react to the threat of coronavirus – well before the disease that originated in the Wuhan region of China officially became a global pandemic.

As much of the U.S. and the world failed to appreciate the severity of the looming crisis, technology giants began preparing for the worst-case scenarios. Those companies were among the first to start cancelling major events and, especially due to their exposure to markets and OEM suppliers in Asia, planning to mitigate supply chain and workforce disruptions.

But the reality the world is now grappling with is unprecedented—nobody has a playbook. As Silicon Valley companies look to protect the physical health of their employees and the financial health of their businesses, as well as those of their vast networks of ecosystem partners, they also have a major role to play in supplying customers with technologies that allow them to do the same.

 
 
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