The Impact of the Covid-19 Pandemic on the Manufacturing Industry

International Journal of Research and Innovation in Social Science (IJRISS) | Volume IV, Issue VI, June 2020 | ISSN 2454–6186

The Impact of the Covid-19 Pandemic on the Manufacturing Industry

Sulistiyani¹, Setyo Riyanto^2
1Postgraduate Student Program, Mercu Buana University, Jakarta, Indonesia
²Associate Professor of Mercu Buana University, Jakarta, Indonesia

Abstract:-In the current condition where the situation in all parts of the world is facing a Covid-19 pandemic which is increasingly increasing the number of countries that have been infected with the Covid-19 virus as we know that vaccines have not been found to ward off the virus. This will certainly have an impact on global economic conditions that can kill all business businesses, many superpowers such as the United States and European Union countries have very sophisticated technology and qualified health workers who have not been able to solve the problem of covid-19 virus infection so Many developed countries have to experience economic hardship due to the cessation of all industrial, tourism, trade, mining and banking businesses which resulted in the termination of employment everywhere. The increasing level of poverty thus increasing the level of crime. The purpose of this study is to see the extent of the economic impact of the Covid-19 pandemic on the global economy which has an impact on the manufacturing industry. Analysis using qualitative methods by conducting virtual interviews with several industrial companies engaged in the manufacturing industry to find out the extent of the impact on business, workplace welfare and work enthusiasm supported by previous studies on matters that affect the business of manufacturing business. From this analysis we can conclude that the manufacturing industry business is strongly influenced by the global economy.

Keywords: Pandemic Covid-19, Economic Impact, Manufacturing industry.

I. PRELIMINARY

Background

In the era of technology and the era of digitalization like today where the development of the business world is growing rapidly, especially in the manufacturing industry to encourage organizations or companies to optimize all the resources they have in answering all the existing competition. In the current condition where the situation in all parts of the world is facing the Covid-19 pandemic which is increasingly increasing the number of countries that have been infected with the Covid-19 virus. As we know a vaccine has not been found to ward off the virus. This will certainly have an impact on global economic conditions that can kill all business businesses, many superpowers such as America and European Union countries that have very sophisticated technology and qualified health workers have not been able to solve the problem of Covid-19 virus infection so that many developed countries have to experience economic hardship due to the cessation of all industrial businesses, tourism, trade, mining and banking business which results in termination of employment everywhere.

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