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Significant Impact of COVID-19 on Cellular IOT in ICT Industry



COVID-19 Impact on Cellular IOT in Information and Communication Technology Industry
The pandemic started with its epicenter in China in 2019 and has been continuously spreading by then to all over the world, so far 216 countries and territories have been affected with COVID-19, the U.S. being on the top with cases reaching about 4.38 million, followed by Brazil, India and then by many European countries such as Russia, Spain, Italy, and others. The COVID-19 cases reaching to the big named countries with strong dominance in the global market which has adversely affected the economy globally. The spread of the Corona virus has led to the global recession, many companies are being bound to take stringent actions of laying off their employees, small businesses are being shut, manufacturing facilities are being put on hold. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. However, now almost in every country, the factories are started to reopen by taking some prevention such as 20% -50% employees on the field, social distancing, extreme hygiene measures, and others to support the economy. It is supporting the economy and helping to lower the recession rate at a certain level.
The pandemic has boosted the growth of the cellular IoT market. In response to the COVID-19 virus, many companies are moving towards working in a more virtual environment. This has placed a focus on organizations embracing collaboration tools and practices to support the virtual workplace. Organizations around the world are supporting the BYOD model (bring your device) to enable sales professionals to better serve their customers and prospects. Moreover, government mandate of work from home (WFH) policies has driven organizations to increasingly focus on more effective ways of engaging with customers in a remote working environment. Shifted focus towards work-from-home requires reliable connectivity and thus businesses will demand connectivity for monitoring and managing assets securely which in turn increases the demand for cellular IoT. The pandemic has exposed bottlenecks and inefficiency in the supply chains due to which businesses were leveraging cellular IoT for consignment and condition tracking to reduce revenue loss and improve product flow. Moreover, the broadband infrastructure all over the world upsurged due to a massive increase in video conferencing and video content streaming due to which cellular IoT becomes a key part of the new digitization era.
For instance,
· In June 2020, according to Telna whitepaper titled ‘The COVID-19 Impact on Cellular IoT’, new demand for cellular IoT following the pandemic could lead to over 11 billion cellulars IoT connections in the year 2025
IMPACT ON DEMAND
The pandemic has boosted the digital transformation of industries; companies are focusing more on digital technologies to interact with their clients and customers. People are also more reliant on digital sources. The healthcare market is increasing rapidly in this pandemic. Cellular IoT (Internet of Things) in healthcare provides numerous opportunities that benefit both patients and businesses. It allows integrating and combining consumer and clinical data to create smarter and more meaningful connected consumer and care solutions and thus there has been increased o demand for cellular IoT in healthcare.
As industries continue to push the boundaries of wireless technologies, new opportunities are opening for service providers within cellular IoT connectivity. Moreover, it was observed that the gradual spike in demand observed was due to the shift of consumers from traditional platforms to online digital platforms. Also due to lockdown and Covid norms, digitization and automation have become mandatory for any business. Providers need cellular IoT to provide their customers excellent experience to boost sales during this pandemic period. Also, providers need cellular IoT to analyze crucial consumer data and to drive insights for providing enhanced and personal customers experience and formulate effective marketing strategies to overcome the losses.
IMPACT ON SUPPLY CHAIN
The supply chain was adversely affected in the initial phase of the pandemic as lockdown prevailed in many regions globally, the government had limited the workers. Companies are making their operations work according to the government regulations by making limited workers work in different shifts. Industries were facing operational and supply chain disruptions, breakdowns, and labor shortages. Most cellular IoT providers have a large backlog of orders in hand due to chip shortages because of the disruption in the supply chain. However, now there is an improvement in the supply chain as most of the facilities and travel restrictions have opened and working in most optimum capacity. The companies are doing their best to meet the increasing demand.
For Instance,
· In May 2021, the chip shortage has affected the shipment volumes and profit margins of cellular IoT. Also, the global semiconductor shortage due to pandemic had affected some cellular module companies
LONG TERM STRATEGY ADOPTED BY MANUFACTURERS OR STEPS TAKEN
As the COVID-19 crisis continues to expand, makers would possibly face challenges on varied fronts. Producing firms would be searching for immediate measures to stay their workforces safe and their businesses solvent. Makers would conjointly have to be compelled to look on the far side of their economic viability. Because the COVID-19 pandemic intensifies, makers would possibly face continued pressure on demand, production, and revenues. They’d continuously face cash-flow liquidity challenges and difficulties in managing debt obligations. The pandemic has boosted the growth of the cellular IoT market. Thus, developers and providers were focusing on strategic decisions like partnerships, acquisition, product launch, mergers, and collaborations to meet the increasing demand in the Covid outbreak.
For instance,
· In April 2021, Bharti Airtel launched Airtel IoT, an integrated platform that would enable enterprises to utilize the power of the Internet of Things and prepare for the emerging era of connected things. It provides with the capability to connect and manage various devices and applications
· In April 2019, AT&T launched its narrowband IoT (NB-IoT) network across the U.S., to complement its LTE-M network along with high-speed cellular coverage. Some of the IoT use cases include programs such as smart meters and location tracking, as well as connected street lights and smart appliances
CONCLUSION
Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.
It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to ICT markets.
However, COVID-19 boosted the growth of the global cellular IoT market due to factors such as an increase in IoT connections, growing support from the government toward IoT initiatives, shift toward remote working, adoption of 5G network, surging networking budgets in countries, and ongoing development in wireless networking technologies.
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Due to extensive lockdown and isolation the economic activity has affected adversely which has impacted the global economic activity. Manufacturers began to diversify sourcing of raw materials along with investment in spreading production in different regional markets instead of concentrated markets such as India and China. Likely to be long term effect is reindustrialization of pharmaceutical production in countries such as the United States and Europe in order to minimize dependency on imported products, this would lead to rise in demand of additives in above mentioned countries. Moreover the increasing cases of COVID-19 have also paved the way for enhanced demand of additives but due to movement restrictions same decrease in sales was recorded. 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For instance, · The shortage has begun to affect API and bulk prices in trades, the average increase in India was reported to be about 10-15%, and is estimated to reach 50% in some cases. · WACKER Chemie AG a Germany based company is about to raise its prices for dispersions and solid resins in Europe, Africa and Middle East region stating that this measure has been necessitated by rise in price of raw materials cost in market. · The Edelweiss Securities predicted that COVID-19 pandemic would cause severe supply disruptions in pharma sectors causing earing cuts by 15%. But globally pharma companies are performing well, in short term most companies are expected to bounce back in five years. This thus signifies that due to COVID-19 pandemic the price of additives used in pharmaceutical productions have increased due to Coronavirus outspread. 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Apparently due to COVID-19 effects on global transport industry the shipping companies are charging more than usual. This suggests that increasing prevalence of COVID-19 poses threat for maintaining a continuous supply chain of additives while initiative adopted by market players allows them to manage a continuous supply chain. STRATEGIC DECISIONS OF MANUFACTURERS Additive manufacturing companies are taking so many strategic decisions in order to cope up with the current scenario of COVID-19 pandemic. The companies engaged in manufacturing of additive manufacturers are collaborating so as to accelerate the market growth. Companies have already taken several kinds of strategic initiatives in order to cope up with the Coronavirus situation. Strategic initiatives by market players such as Dow, Ashland, Kerry, BASF SE among others in the market will help them to expand their network and supply chain. This in turn will lead to increasing product sales and hence will enhance the overall company’s revenue. For instance, · In May 2020, Dow during the COVID-19 pandemic was working closely with government officials and medical professionals, using guidance to adjust plans as warranted. · In April 2020, the U.K.’s Medicines and Healthcare Products Regulatory Agency (MHRA) published guidelines on Exceptional GMP flexibilities which allow manufacturers to increase their production capability to minimize risk of product shortage using quality risk management principles and to navigate through international travel restrictions imposed due to COVID-19. · In April 2020, Lubrizol enabled 1 Billion bottles of hand sanitizer globally every month to increase its Carbopol polymer production, which is used as a thickener. The increasing demand and sales of antiviral drugs are fuelling the growth of additive manufacturing in pharmaceutical market. Thus, companies operating in the additive manufacturing in pharmaceutical market are adopting several strategies, including agreements, market expansion to enhance their business. These strategic decisions by the market players helped them to attain a lucrative growth even during the COVID-19 pandemic. CONCLUSION As the pandemic of COVID-19 has resulted in several restrictions throughout the borders but still manufacturers of additive manufacturing in pharmaceutical are able to manage their stocks. The demand and supply of pharmaceutical products increased rapidly due to given medical emergency. Drug shortage caused due to the pandemic is expected to remain limited this way for a short period, also if the pandemic exceeds the shortage of pharmaceutical APIs, chemicals and additives may persist on causing shortage of supply in long run. This would also effect complications in distribution especially due to population movement restrictions across the globe. Various manufacturers are continuously engaging in constantly monitoring the supply chain so as to attain a lucrative growth. The activities and certain changes from COVID-19 would reduce dependency of private pharmaceuticals on alone suppliers such as China.
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IoT and Its Impact on the Manufacturing Industries
IoT has been providing the businesses with the scope to form new and advanced solutions that allow the development of the latest solutions based on the Internet Of Things enabled solutions. The Industries like manufacturing are the ones which get highly benefited out of it. The IoT is making way for the advanced industrial developments and formation of Industry 4.0 solutions that allows the utilisation of technology in creating solutions and covering the domain of manufacturing. As industry 4.0 moves ahead it is able to generate momentum integrating IoT Devices, automation, and other tools that have now become a functionality under the growing architecture for the IoT. To make you understand well on the concept of Internet Of Things, let's take you a bit deeper and enhance your understanding: What exactly is IoT? As termed by the researchers IoT stands for the Internet of Things, under it the devices that operate ranging from the smart lights, smart sensors and others. These devices are making the use of technologies like WIFI, Li-FI, bluetooth for their functioning. As per the reports, IoT has been experiencing a high growth in investments for manufacturing with a projected growth of $260 billion by 2024. Under IoT positive growth reflects on the segmenting that follows upon with the detailed inclusion of the technological advancements that are taking place under IoT The Industrial IoT has been playing its role in enhancing the IoT Technology based developments in the manufacturing domain. Some of the IoT operations taking under manufacturing are: Manufacturing Operations Under IIoT Industrial IoT has been putting the emphasis on the developments taking place in the manufacturing domain with its operations getting segmented with for the IoT based inclusions like assets management, intelligent manufacturing, end-to-end devices optimization and monitoring, and others from Industry 4.0. Production asset management and maintenance It is considered as the highly utilised and one of the most used cases under the IoT in manufacturing with a large number of potential devices and applications working under it. Production asset monitoring and tracking with the manufacturing parameters like quality, performance, damage and breakdowns of the devices. IoT allows us to better monitor, improve performance and optimize the manufacturing devices operational capabilities. Improved Monitoring Equipment Utilisation IIoT has been improving the manufacturing equipment monitoring capabilities and allowing businesses to opt in for more and more developments under it. As it allows an improved productivity by 15- 25% and hence making a rightful impact on the manufacturing growth. Manufacturing machine utilisation takes in the various number of parameters that bring in the desired impact some of these are run time, product output, that bring in the impact with real time data monitoring and cloud service utilisation for the transmission of it as per the operational requirements. Enterprise Inventory Management With the large manufacturing businesses operating under the inventory management and utilising the resources offered under IoT to bring in the required inventory management solutions for their enterprise. Under IoT the inventory management has improved the production and efficiency from 30-50% for the enterprises The enterprise inventory management solutions work under IoT and RFID technologies. Predictive Maintenance Solutions Predictive maintenance works on the real time monitoring of the manufacturing equipment and brings in the parameters with the insights taken up from it. Machine learning algorithms also play their part in predictive maintenance.
삼성과 GE의 제조혁신 첨병 '엣지 분석'이 뜬다
'제3회 산업기술포럼'서 제조업 IoT 플랫폼 집중 논의 삼성전자 스마트폰 케이스를 제조할 때 쓰이는 컴퓨터수치제어(CNC) 장비에는 특수한 소프트웨어(SW)가 쓰인다. 장비의 상태를 실시간으로 점검하고 제조상 오류를 검출해 알리는 프로그램이다. 센서가 밀리초(ms)마다 보내주는 데이터를 빠르게 분석해 엔지니어가 점검하고 소모품은 교체할 수 있게 한다. 20일 경기도 수원 차세대융합기술원에서 열린 ‘제 3회 산업기술포럼’에서 윤진수 삼성SDS 상무는 자사 엣지분석(Edge Analysis) 플랫폼 ‘캉가(Kanga)’를 소개했다. 윤 상무는 이전까지 빅데이터 운영은 클라우드 차원에서 논의돼 왔지만 실시간 분석 및 피드백을 하는 데는 한계가 있다. 최근 타이밍 문제를 푸는 방법으로 엣지 분석이 주목받고 있다. 여기서 ‘엣지’란 스마트홈의 게이트웨이(스마트 허브 등), 스마트폰, 자동차, 장비 및 설비 등 통신망의 중추망(백본망)이 아닌 단말 분야를 말한다. 각 단말의 프로세서를 활용해 개별 단말이 소량의 데이터를 빠르게 분석해 필요한 타이밍에 정보를 제공하는 게 핵심이다. IBM, 시스코 등 기업용 SW 업체들이 주도한 개념인데, 실제 삼성, GE 등 제조업 대기업은 제조 라인 운영 경험을 바탕으로 독자적인 플랫폼을 구축하고 있다. 특히 엣지분석이 가장 빠르게 도입되고 있는 분야는 제조업이다. 예를 들어 CNC 기계에 있는 다양한 부품(툴)들은 부러지거나 수명이 다 하면 교체해줘야 한다. 또 CNC 기계의 축이 틀어지면 깎지 않아야 할 곳을 깎거나 표면이 울퉁불퉁하게 구현되기도 한다. 이 같은 오류와 불량을 실시간으로 파악하지 못하면 다음 공정으로 넘어갔을 때 그 장비나 부품에도 영향을 미칠 수 있다. 삼성전자와 삼성SDS가 찾은 방법은 CNC 장비에 센서를 달고, ms초 단위로 데이터를 분석하는 것이다. 윤 상무는 실제로 파일럿 라인을 운영해본 결과 가능성이 충분하다고 봤다. Kanga 플랫폼은 데이터를 수집하고 출력하는 브로커(Message Brocker Platform)단을 기반으로 스트리밍 프로세싱 엔진(Stream Processing engine), 대용량 데이터 프로세싱 엔진(Large-scale data-processing engine), 검색엔진으로 구성된다. 이 외에 쿼리(Query), 입출력(I/O) API 등이 포함된다. 각 장비나 설비에 맞는 분석 알고리즘은 오픈소스 형태로 개발해 추가할 수 있다. 이렇게 수집?분석한 데이터를 시각화 한다. 모든 정보를 엣지 플랫폼에 저장하지는 않고, 교체 부품 형태나 정보를 얻기 위해 클라우드 빅데이터도 활용한다. 소형 프로세서와 주변 부품으로 구성된 삼성전자 사물인터넷(IoT) 하드웨어 플랫폼 ‘아틱(ATIK)10’ 사양 수준이면 구동할 수 있다. 특히 분석 알고리즘 개발용 오픈소스는 ‘깃허브(Git Hub)’에 공개해 생태계를 넓힌다는 전략이다. 데이터 서비스 사업을 이미 성공적으로 이끌고 있는 GE 역시 엣지분석 플랫폼을 적극 영업하고 있다. 이승준 GE 디지털 솔루션 아키텍트팀 부장은 자사 산업 IoT 플랫폼 ‘프레딕스(Predix)’와 더불어 엣지분석 솔루션 ‘디지털 트윈(Digital Twin)’, ‘디지털 스레드(Digital Thread)’를 소개했다. 프레딕스는 제조업계에서 필요로 하는 소프트웨어 솔루션 전체를 제공하는 일종의 산업용 운영체제(OS)로, 자산 분석, 개별 장비의 데이터 수집 및 분석, 전체 공정의 데이터를 분석해 효율적으로 관리할 수 있도록 해준다. 디지털 트윈은 실제 장비와 동일한 가상 장비를 설계하고, 시뮬레이션할 수 있는 기술이다. 디지털 스레드는 장비의 수명이나 불량을 분석해 제공하는 서비스다. 이 부장은 제조업은 일반 소비자 대상 사업(B2C)과 달리 설비 하나하나가 굉장히 중요한 역할을 하고, 하루에 생성하는 데이터가 최근에는 페타바이트(PB) 수준으로 많아졌고, 보안을 위해 스토리지도 각 고객사별로 관리하며, 실시간으로 현장 엔지니어에게 알람을 줘야 하기 때문에 엣지 분석이 무엇보다 중요하다. 산업기술포럼은 인터위버(대표 오세용)와 차세대융합기술연구원이 공동 주최하는 행사로, 첨단 제조업 중심으로 최신 아젠다를 논의한다. 기술 기업 CEO와 대학교수 100여명이 포럼 회원으로 참석하고 있다. 3회 행사에는 △최종덕 삼성전자 고문이 IoT 컨셉트와 핵심 기술, 기기 △김지현 SK플래닛 실장이 IoT 시대의 제조업이 고려해야 할 서비스 플랫폼 △이상대 아이엠헬스케어 대표가 IoT 의료 및 헬스케어 기술개발 동향과 개발사례, 실용화 방안 등을 발표했다.
Qualities to look in full-stack IoT development company
Our daily lives run on smart software every device we use is connected with each other, we use our smartphones to switch on tv and AC's, smart washing machines, refrigerators, AI. IoT devices have increased over the years producing enough data and this will only continue to rise in the coming years. Considering the rise in IoT technology and devices the demand for IoT developers will only increase. IoT is a potential industry that will see tremendous growth in the coming years, not only will the IoT industry grow it will also create more and more employment opportunities. Full-stack IoT development has a huge demand and A the hunt IoTdeveloper that knows the entire development stack for a system and has knowledge and understanding of certain facets can help generate better products more quickly. So, what are the attributes and expertise a company or a developer should master to become a full-stack IoT development company of a full-stack developer? Layered full-stack IoT development ( sensors, microcontrollers, and an internet connection, IoT service platforms The layered IoT stack consists of a sensor, Microcontrollers, internet connection, and IoT Service platforms In a variety of applications, small and economical sensors are used.This layer continues to expand with the addition of new products of new Internet-connected sensors. There is no need to link new-age sensors directly to the internet. The data you send will be recorded in the cloud which will be later synchronized with smartphones, dongles, or any other smart appliance. Microcontrollers, internet connection the layer in which is stored and processed.Before uploading data to the cloud it will be evaluated, and summarised to obtain the precise data, which will reduce the cost of the transaction. IoT Service platforms this layer helps automate the process and generate information by evaluating the data gathered from different IoT sensors and linked devices. It increases post-transaction interactions so that both company and end-users may track, maintain and update the firmware on the devices through platform insights and feedback. ATTRIBUTES OF FULL-STACK IOT DEVELOPMENT Embedded Level Programming/Firmware The forgotten craft of an embedded programmer has been resurrected by IoT.the code that runs in wearables or sensors — it's all embedded and runs without a true operating system in some circumstances.Design, development, and debugging are significantly different from the programming at the cloud or mobility or level of application. Hardware Development, Design, And Manufacturing Hardware is not a big part of the full-stack but it is a vital stack of the IoT. the hardware interface is important in developing IoT. Full Stack IoT firms own or control important hardware parts that their solution requires. This means that Full Stack IoT needs know-how about design and hardware development. Full-stack IoT developmententerprises need manufacturing and supply chain competence and know-how. IoT technology stack hardware compresses both the sensor and the gateway. Application-Level And Middleware Programming IoT Gateway, Cloud, and distributed middleware programming to align all elements together. Cloud Development And Operations All IoT applications require a cloud component and cloud infrastructure. a cloud-based IoT middleware section, and the IoT feature application. Smartphone And Tablet Apps You will require apps for both IoT application management and the use of application experience. Analytics Mining And Business Intelligence The organization effectively delivers its solutions with basic analytics and may be integrated into other advanced analytical goods and solutions.Full Stack IoT companies can use other companies' analytical solutions but will retain data control. Integration With ITAnd Other Mining Systems The Internet- of -things provides contextual value.Your IoT app may also need to link with other services to improve your service, for instance, if you offer an application that monitors/manages to air-condition that you need to interface with an online reporting service (HVACs). Security Safety awareness is necessary, as each layer has its own weaknesses, to avoid damage. Security is a must for IoT stack. It is crucial in IoT to enable encryption and decryption technology during data transmission.For the security of IoT systems, device authentication and permission is also vital.In addition to this preventing and addressing any threats to the IoT system, IoT developers need to protect the privacy of their data. User Interface And User Experience To understand what consumers will experience and enjoy through your application or website, knowledge of both UI and UX is necessary.For instance, it is essential for a team that monitors and oversees the performance of such devices to construct a Web portal for the remote monitoring of millions of devices on a single interface. Understanding Process Automation A key aspect in full-scale stack development is knowledge of recurring, automated procedures for the development, testing, documentation, and implementation of the application. DevOps (Software Development & IT operation), BVT (Build-Verification-Test), and microservices can decrease the release time cycle for full-stack developers. SKILLS REQUIRED FOR FULL-STACK IOT DEVELOPER IoT Full Stack Developers must have combined skills in IoT development with its know-how from the frontend- HTML, CSS, JavaScript, and backend- Python, Java, PHP. Including firmware systems, network protocols, and sensors. This comprises essentially of a whole stack developing IoT integration through IoT networks by linking items.The Full-Stack Developer knows the formulas and order for collecting and analyzing data in this capacity. From IoT to data presentation via maps and schemes.The IoT Full Stack Developer converts ordinary IoT sensors and microcontrollers into remarkable, through linking items to the Internet without interposing humans and machine interaction. · C/C++ programming in built-in devices · Development in API REST and SOAP · Python programming · WEB Development · Git & GitHub · Knowledge in IoT and server management systems (MQTT and other protocols) · AWS development · Basics of CSS pre-processing platforms, such as LESS and SASS. · Version control system (VCS) · Front-End Technologies&Backend Language · Basic Designing skills
Significant Impact of COVID-19 on Bulk Material Handling System in Semiconductors & Electronics Industry
COVID-19 Impact on Bulk Material Handling System in Semiconductors and Electronics Industry The lockdown situation during the COVID-19 pandemic has highly impacted the global economy. Most of the governments from different countries imposed a lockdown to break the chain of coronavirus spread. All companies related to various industries have been shut down except a few dealing with COVID-19 operations such as pharmaceutical, essential goods and services and the food industry. As a result of the COVID-19 crisis, many bulk material handling companies throughout the world have had to either temporarily close or reduce their workforces to prevent the spread of the virus. Through worldwide shortages of goods, it soon was apparent how important the world’s manufacturing and warehouse productivity is to the economy. In the bulk material handling system market, the business impact eventually proved to be less severe than first anticipated once lockdowns and restrictions were lifted. Nevertheless, the limited access to customers’ sites affected both capital and aftermarket sales of suppliers throughout the year. The COVID-19 pandemic highlighted that automation is needed for supply chains to increase efficiency. During the recent period, very few percent of supply chains felt fully prepared for the coronavirus impact. However, the bulk material handling industry can develop this situation with innovation, automation and perseverance. AFTERMATH OF GLOBAL BULK MATERIAL HANDLING SYSTEM MARKET COVID-19 pandemic affected a wide range of industries, from small to large manufacturing companies. It hampered the worldwide demand for solutions in the bulk material handling system market up to a certain extent. Limited workforce and operational restrictions negatively affected the product development life cycle. But at later stages, when lockdown restrictions were lifted, demand got stable up to a certain point. The companies developed different strategies and technologies specific to tackle problems that occurred because of the COVID-19 pandemic. For instance, · Daifuku Co., Ltd., a material handling company, stated some measures and strategies to overcome the challenges faced during the COVID-19 pandemic in their annual report 2020. To prevent the spread of COVID-19 and maintain distance from one another required a new approach to service activities for systems post-delivery. Accordingly, they are working hard to use the Internet of Things (IoT), artificial intelligence (AI) and information and communications technology (ICT) to establish material handling systems that never stop or that will be able to recover immediately even if blocked. They will continue to support stable operations of customer facilities by introducing new technologies and services, including remote operation, while ensuring the lives, safety and health of employees and their families. Likewise, many companies have started introducing new technologies and methodologies in the COVID-19 situation to remain better positioned in the market. Losses during this period can be overcome in the future by taking this slowdown to redesign and refresh the business processes and logistics operations. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION Market players have an opportunity to upgrade their operations and prospective for the betterment of their companies. Automation is the key to success in this unpredictable world. Different crises, labour shortages, natural disasters impact a lot on every industry. So being one step ahead of time and understanding the market well will ensure the success of the market player. In this COVID-19 pandemic, many companies adopted process automation and customization as an opportunity to survive and grow. Some of the instances are mentioned below: § Automation to overcome labor shortage: Though recent events have worsened the labor gap, the labor shortage is not new for many industries, as more workers retire and skills requirements increase. Automation offers solutions to some of these problems. Automated Process Equipment Corporation provides solutions and services for bulk material handling companies to overcome labor shortages during this pandemic situation. Super sack handling, accurate measuring, automatic routing, easily reprogrammable controls and electronic record keeping are solutions that will improve automation and reduce the dependency on the massive number of laborers. § Customized Solutions for Booming Market: KWS Manufacturing Company Ltd. partnered up with Coperion K-Tron to provide the solution for the world’s most significant high-density polyethylene and polypropylene suppliers, which is used in consumer and industrial goods ranging from plastic bags and bottles to N95 medical masks and face shields. Due to the increased demand for polyethylene and polypropylene, expanding the client’s extrusion line required new loss-in-weight additive feeders and a mixing screw conveyor. KWS and Coperion K-Tron sales and engineering teams collaborated to ensure the extrusion line expansion would be successful. IMPACT ON SUPPLY AND DEMAND COVID-19 has disrupted the supply chain on a global scale. International trade restrictions and customs regulations resulted in longer wait times and a lack of capacity for long-haul deliverables. During this pandemic, the demand for bulk material handling solutions decreased because of the limited access to customers’ sites. This affected both capital and aftermarket sales throughout the year. Most of the companies faced challenges in managing on-time project completion and order deliveries. However, many companies took this to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness in such a period. For instance, · ThyssenKrupp AG Company adopted the digitization of their business processes and supply chains in 2019-2020. Their focus was on the introduction of automation solutions which included the new mobile app “Paperless”. This app allowed digitizing day-to-day processes in warehouses such as bookings, preparation of work schedules and material identification. It also created the conditions for using other automation solutions, such as driverless transportation systems, to be used in a new state-of-the-art logistics center for ThyssenKrupp Schulte. Such positive changes and automation in the supply chain will enable the companies to emerge stronger and supply chains that are more resilient to future disruptions. CONCLUSION The global bulk material handling system market suffered losses during the recent period because of COVID-19’s negative impact on global demand and supply chains. Yearly sales for the market-related products got hampered due to limited access to customer’s sites. But relaxation in lockdown regulations after few months helped the market to somewhat come back on track. However, many companies started building new technologies to overcome supply chain problems in pandemic situations. They adopted digitization and automation in day-to-day business processes and supply chains. Although it will take some more time for companies to come back on track, this period made everyone realize the need for up-gradation in many business aspects.