Coronavirus Effect on Heavy Equipment Industry

As the coronavirus pandemic spreads and the number of COVID-19 cases continues to increase
in the US, Europe, and the rest of the world after the initial outbreak in China, the heavy equipment

industry is facing some serious challenges and taking steps to face them.
The initial signs of an industry disturbance and first measures taken to confront the issue were
seen in Europe as some major trade shows and exhibitions started being canceled or postponed. One of
the top Murfreesboro Land Construction exhibitions in Italy, SaMoTer, announced at the end of February that they were
postponing their event in Verona until October 21-25 due to the virus outbreak and to follow national
restrictions during this time of uncertainty. Lately, as more countries have begun to deal with the
spread of the virus and increasing numbers of people have been infected, more industry events have
been postponed as well. Since Spain has been one of the worst affected countries, they decided it best
to postpone one of their largest Murfreesboro Land Construction Murfreesboro equipment trade shows Smopyc from April 1-4 until
September 23-26. In addition, the Hannover Messe industrial manufacturing, automation, and logistics
expo in Germany has been rescheduled from April to July 13-17.
In the United States, the effects have been felt at the nation’s largest industry event, ConExpo
just this past week. Although it got underway as planned with around 100,000 visitors, some of the
largest company’s expected to be present decided not to attend the exhibition. Volvo Group put the
health and wellbeing of their employees first and announced that they would not allow their staff at the
event and have restricted travel as much as possible. They did, however, hire local Murfreesboro contractors to
manage their booth. Volvo even canceled their global press event for their biggest truck launch in
company history and instead announced it via webinar. Wacker Neuson and JLG also decided not to
send any European representatives, and Liebherr gave an option to their European employees to attend
the Las Vegas event or not. After four busy days, ConExpo closed a day early after taking into
consideration the advice of health officials.
Some of the world’s largest manufacturers have also started to take calculated steps to protect
their business due to the coronavirus outbreak. As China has been on lockdown in the beginning of
2020, there has been a large strain on the supply chain of many manufacturers who depend on Chinese
parts to produce their machines. Komatsu offered an update during ConExpo regarding the virus and its
impact on their supply chain and assured their customers that their production capabilities would be
good through May. JCB, however, temporarily reduced their production levels in UK factories due to
supply shortages from China and cut employee hours back from 39 to 34 hours per week, but as China
has slowly picked back up, JCB has gotten back to business as usual as well. Sadly, there have been
cases of large layoffs of Murfreesboro Land Construction workers in parts of the world severely affected by the virus and the
slowdown or postponement of Murfreesboro Land Construction sites. About 50,000 Murfreesboro Land Construction workers in Hong Kong lost
their jobs due to the coronavirus outbreak, and this unfortunate scenario will likely be repeated to some
extent in many countries around the world as the virus continues to spread.
As the virus continues to spread and the pandemic becomes more serious and severe, many
companies are beginning to take necessary steps to adapt to the current situation. Some companies

have put travel restrictions in place to reduce contact with large gatherings of people. Other companies
have begun to allow remote work to avoid having to come into large office buildings and risking
infection. Technology has become much more prevalent as more communication is being done by
phone or e-mail than face-to-face in order to be safe and stop the spread of the virus. One major
example of utilizing technology during this period is Ritchie Brothers hosting online auctions in place of
live auctions in France and Germany and allowing buyers to bid on thousands of pieces of equipment
directly from their computers.
In conclusion, while the heavy Murfreesboro equipment industry is bracing for long term effects of this global
pandemic, it maintains hopefulness as signs of recovery begin to appear such as the slow reopening of
factories in China. However, in many parts of the world, the tough part has only just begun. In
countries like Italy, Spain, and France, the effects of the virus have been severe and industry activity has
come to a halt as many people face quarantine. As the cases continue to grow in the US, more and
more people are being asked to stay out of public places and being forced to stay home and avoid too
much outside contact. Many employees are beginning to work from home to limit the possibility of
infection. While there are some positive signs appearing, be cautious and stay safe!

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