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Tech Industry Feels Increasing Impact of Coronavirus Outbreak

Coronavirus Outbreak Impact on Tech Industry

Many large tech companies are facing new challenges due to the outbreak of the Coronavirus in China. The virus is spreading from one country to another and is worrying not just for governments, but also for industries such as the tech sector.

Tech companies have closed stores and offices, restricted executives and workers from traveling to the country and warned about the potential effects on their supply chains.

The Chinese government has barred people from leaving Wuhan and Hubei, the provinces surrounding it, and severely restricted them from moving around in public — measures that have forced most industrial production to stop in the province.

Loss Of Revenue Predicted

Producers of smartphones and other consumer electronics could face loss of revenue and productivity due to workers told to stay home and factories shut by government order.

Major Tech Organisations Closing Business Operations and Restrict Business Travel

Apple
The iPhone maker has temporarily shut all of its stores in mainland China, one of its biggest and most important markets. Apple is also closing its corporate offices and contact centres in China until 9 February.

Google
Google has temporarily closed all of its offices in mainland China, Hong Kong and Taiwan due to the health threat. The tech giant has also placed restrictions on business travel to China and Hong Kong.

Microsoft
Microsoft has advised China-based employees to work from home and cancel all nonessential business travel until 9 February. It has also advised employees to avoid non-essential travel to China.

It has also said it will make a 1 million yuan ($144,000) donation to the Hubei Red Cross Foundation to help with relief efforts in Wuhan and surrounding areas.

Singapore Government Prepares to Support Industry Amid Outbreak

Governments around the world are also closely monitoring the situation as it evolves. Depending on how the virus situation progresses, the impact on economies could intensify.

In Singapore, Deputy Prime Minister and Finance Minister Heng Swee Keat announced that the Government will provide targeted support to the sectors that have been more directly affected.

The Singapore Government is prepared to support Singapore firms and workers in the event of a broad-based slowdown in the coming months, including a package of measures to help viable companies stay afloat and help workers stay in their jobs.

Even as the Government helps firms and workers get through this challenging period, the government has pledged it will continue to work together with tripartite partners to restructure the economy, build new enterprise capabilities, and upskill workers.

Virus Will Affect the Global Technology Industry as it has Struck the Largest Manufacturing Hub in the World

Travel restrictions to China are a significant burden for the companies, given the country’s role as the largest manufacturing hub in the world and a place where employees travel frequently.

The governments of six Chinese provinces, including manufacturing hubs crucial for the global technology industry such as Shanghai, Jiangsu, Guangdong and Chongqing, declared that the return to work after the Lunar New Year be delayed by a week to February 10 for all but essential industries.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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