Release date: 30-09-2020SKU: MSG-GL-COVID19-011
MSG explores the top risks and opportunities impacting the construction & mining sector, owing to the prevalence of COVID-19.
The COVID-19 outburst challenges all global sectors and industries through its effects on communities and economies. Therefore, the construction & mining sector should consider immediate planning, risk mitigation measures, and decision making.
In the Global Construction & Mining Managing risks and Opportunities survey report from the MSG, the pandemic results are a risk for the players. Moreover, commodity prices, community relations, access to capital, and global trade war are critical risks identified in the global market.
An association such as the OECD, the UN, and the World Bank estimates dramatic falls in economic growth for major leading economies globally; with current circumstances, it is expected that China's economy at practically least affected compared to other economies.
In the mining industry, the different commodities face various issues such as price volatility and demand pressures that further affect the cash flow and liquidity of the companies operating in the market. For instance, copper, aluminum, and nickel prices all fell up to 20% in the past quarter. The battery mineral prices have also fallen even further, while gold and iron ore have remained stable. Global currencies are also experiencing significant short term volatilities, but it is expected to witness V-shaped recovery shortly in the coming years.
Depending on the status of COVID-19 infections through each jurisdiction and local governments' reaction to the pandemic, MSG has witnessed very different regulations and laws that are implemented globally across other states and countries.
To read more about how we believe the construction & mining sector can manage the current pandemic scenarios, inqure about our report.
Key Issues Addressed
Considering the COVID-19 impact on the construction & mining industry is carried out through various lenses, and many critical issues identified in the COVID-19 impact strategic insight report include:
• Specific key trends have begun to accelerate due to the crisis, reshaping both demand and supply across industries
• Other trends that probably decelerate or halt due to the COVID crisis
• Trends that are essential before the pandemic and post-pandemic directions to shape the industry
• Key uncertainties and challenges that should be considered in strategy and business planning
• Detailed consideration of scenarios that compare the reach of the pandemic versus the industry impact arising from changes in end-consumer behavior
• A set of both recovery and thrive oriented actions for market participants and players
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