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Coronavirus Crisis: The IT Industry Prepares For The Worst

While the spread of COVID-19, a.k.a. the coronavirus disease 2019, appears to be slowing, the IT industry is hoping to mitigate risks to their employees and their businesses, with many canceling conference participation or warning of financial risks.

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Embedded World 2020 Uncertainty

As of Tuesday, Embedded World 2020 is expected to be held as planned from February 25 to 27 in Nurnberg, Germany, despite a large number of high-profile companies which have cancelled their planned visits due to concerns about the coronavirus crisis.

Roland Fleck, one of the co-CEOs of NurnbergMesse, which is holding the conference, said Tuesday in a statement that the venue has this year so far held three successful exhibitions attended by over 150,000 exhibitors and visitors.

"Thus, our visitors can expect highly professional conditions and valuable experience at embedded world (sic)," Fleck said in his statement.

Peter Ottman, the other co-CEO, said in a statement that the organization regrets the fact that some customers cancelled on short notice because of the coronavirus problem.

"Precisely because we place the highest priority on the health of our customers and employees alike, we carefully weighed the various aspects involved and arrived at the following conclusion, after consultation with our health authorities: embedded world will open its doors on Tuesday of next week, as planned," Ottman said in his statement.

For many companies, however, the risks from the coronavirus outbreak outweigh the benefits of attending. Among those cancelling their trip to the exhibition, according to Electronics Weekly, are Digi-Key Electronics, the Thief river Falls, Minn.-based electronics components distributor; Cambridge, U.K.-based processor developer Arm; Kyoto, Japan-based Rohm Semiconductor; and Glasgow, U.K.-based USB developer FTDI. Israel-based developer of edge computing products Solidrun also cancelled its appearance.

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