Question

What are the topics that should be covered when discussing the gear industry in general?

SECTION I: INTRODUCTION 1.1. Industry and Problem Description. Description of the industry and the problems associated it. In this section, students are required to describe and discuss the state of the gear industry and to identify the key problems affecting it. Industry o Discuss gear industry in general Between the pandemic (Covid-19), government shutdowns and tariff restrictions, the U.S. economy is in a very bad position. How and Why? (i.e. less globalization and more nationalism "made in America") o Tie the impact directly to Gear Motions o Provide evidence of findings, whether it's positive of negative impact (Reference McKinzie Insight, Boston Consulting, Booz Allen, Bain & Company, Euromonitor, etc.) Economic conditions all throughout the world have changed profoundly since

Answer 1

in less 5 Impact of Covin- 19 on Crear Industry: COVID - 19 has turned into a lobal Coiris evoluirg at crpre cenkated speed ord Scale! ww ir dert ya is immure ord indentzial equipment is no exception. Irdustrial Equipment Companies grappling coith immediate impact of ComD:19 o both thôr rorufecturing ord fupply chain operations are being disrupted ord their customers con operations force similior Challenges. The One of the most affected part of global Economy le supply chain Management is been worst effected during this pordemic Resulting derard ard eventually less productions as well. In addition to that New challenges frat needed to be addsered during the morufacturing process of gear indurpies such as lack of Rew material dee to facilure of supply chain Management as grobally import-export are shut down to mort of expence, people and workers are afraid of going out of their homes, Due to Coverment Restrictions on various high threat Conforriration gones ord Collaboration, travel limitation, Fatigue ard new way of working. However, for Service sectors such as vonious IT iroues tras it does not posses great induntoy such as Crear Marufoeturing, ito atley Solutions such as wore from home throat but an is elterly useless

by their operation and protect their people workplace, supply chains and operations, Apart from all these issues the Crovernment escalated toward going into a cold way with the tech-giant dragon Chira has also made the Circumstances more sigesous sigorous. Both of the Countries have increased various Tariff on goods ord services. This is also affecting the global market, But however, the one great thing we have learned from this unprecedented consis is to increase production ara maru nufacturing facilities in our own Country and less dependency on there Sick Countries controlled dictators. if you auk me the solution, I would recommerd that we should open oup our e canon and industry at first on mall stages with proper pre caution and social distar distancing 11 Ensuring on going safety of our workers. Equiping them with PPE kits. 27 Mitigating the risk of any feature disneptions to yours and your Customer buriness. > vamous ir dustrial Equipment Manufo chuoneze must act now to preserve the while preposing for rom thin operations and future port corio.in Taking steps to protect their wore fore, integrity of ping backup of