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A Grip of Slowdown in the Automobile Industry

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lean six sigma
A Grip of Slowdown in the Automobile Industry

Understanding how automobile industry is going through a downfall during corona-virus pandemic

Due to the sudden outbreak of coronavirus in the ‘world’s factory’ to all the other countries, we’ve abruptly taken a step back and entered a constant state of fear and misery. When most of the people are still figuring out a way to prevent and avoid the consequences of the virus, there are industries that have already started suffering and are now facing losses. According to experts, it was already predicted that the recession this year would be bigger than that of 2008 but they failed to predict that it would be so soon. With businesses shutting down and Americans being shut in, it is harder for the economists to foresee the bottom of the upcoming recession and also to know how long will it take to climb back.

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