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The Pandemic Economy: Foundries may be struggling in uncharted waters during this economic downturn, but with proper management and planning, they can recover.
Most would probably agree the first two months of 2020 were economically strong. But then as the country began to address the COVID19 pandemic in March, state-mandated shutdowns across the country severely impacted many industries including most, if not all, foundries. Nonessential businesses were forced to close, and the unemployment rate went from 3.5%, a 50-year low, to an astounding 14.7% in two months.
The ranks of the unemployed grew to over 20 million! Fortunately, foundries...
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