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Effect of COVID-19 on the Market for Electronic Shelf Labels Worldwide

electronic shelf labels for use in retail establishments around the world, it has been anticipated that the market for electronic shelf labels will only expand by a meager 3u20134 percent in the financial year 2020u201321.

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Effect of COVID-19 on the Market for Electronic Shelf Labels Worldwide

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  1. Effect of COVID-19 on the Market for Electronic Shelf Labels Worldwide

  2. The emergence and propagation of COVID-19 have had a significant adverse effect on the primary producers of electronic shelf labels throughout the first and second quarters of 2020. For example, Pricer (Sweden) saw a 13 percent revenue decrease during the initial quarter of the fiscal year 2020–21. Similar effects were seen on SES-(France) image tag's revenue, which fell by 2-3% over the same time frame. During the first two quarters of the fiscal year 2020–21, the pandemic significantly negatively impacted small producers of electronic shelf labels.

  3. Nevertheless, as governments worldwide have reduced lockdown restrictions and economic activity has returned in most of the world, particularly in the retail sector, the market is anticipated to rebuild from the end of 2020 gradually.

  4. Due to supply chain interruptions and low demand for electronic shelf labels for use in retail establishments around the world, it has been anticipated that the market for electronic shelf labels will only expand by a meager 3–4 percent in the financial year 2020–21.

  5. For more information on the Effect of COVID-19 on the Market for Electronic Shelf Labels Worldwide, visit our website at https://solumesl.com

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