Crises – danger and opportunity for industrial companies

Abstract

The world economy has met the challenges of two crises in the current century: the 2007-2008 financial crisis and the 2020-2021 COVID-19 crisis. Crises inflict enormous damage on markets, destroy supply chains, change business activity, cause collapse in important consumer categories, etc. But crises are an accelerator of processes and create many opportunities: new markets and chains of added value, new options for growth, business restructuring, changing the business model, optimizing cash flows, etc. This report presents the results of an empirical study on the impact of the COVID crisis on the economy of public industrial companies. Four quantitative and qualitative economic indicators are used. The performance of different groups of companies during the crisis is compared. Trends have been revealed, conclusions have been drawn and recommendations for using the opportunities have been formed.