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The Impact of the Covid-19 Pandemic on the Manufacturing Industry

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  • Sulistiyani

    (Postgraduate Student Program, Mercu Buana University, Jakarta, Indonesia)

  • Setyo Riyanto

    (Associate Professor of Mercu Buana University, Jakarta, Indonesia)

Abstract

In the current condition where the situation in all parts of the world is facing a Covid-19 pandemic which is increasingly increasing the number of countries that have been infected with the Covid-19 virus as we know that vaccines have not been found to ward off the virus. This will certainly have an impact on global economic conditions that can kill all business businesses, many superpowers such as the United States and European Union countries have very sophisticated technology and qualified health workers who have not been able to solve the problem of covid-19 virus infection so Many developed countries have to experience economic hardship due to the cessation of all industrial, tourism, trade, mining and banking businesses which resulted in the termination of employment everywhere. The increasing level of poverty thus increasing the level of crime. The purpose of this study is to see the extent of the economic impact of the Covid-19 pandemic on the global economy which has an impact on the manufacturing industry. Analysis using qualitative methods by conducting virtual interviews with several industrial companies engaged in the manufacturing industry to find out the extent of the impact on business, workplace welfare and work enthusiasm supported by previous studies on matters that affect the business of manufacturing business. From this analysis we can conclude that the manufacturing industry business is strongly influenced by the global economy.

Suggested Citation

  • Sulistiyani & Setyo Riyanto, 2020. "The Impact of the Covid-19 Pandemic on the Manufacturing Industry," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 172-175, June.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:6:p:172-175
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    References listed on IDEAS

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    1. Sanghoon Ahn, 2001. "Firm Dynamics and Productivity Growth: A Review of Micro Evidence from OECD Countries," OECD Economics Department Working Papers 297, OECD Publishing.
    2. Aris Setiyani & Djumarno Djumarno & Setyo Riyanto & Lenny Ch. Nawangsari, 2019. "The Effect of Work Environment on Flexible Working Hours, Employee Engagement and Employee Motivation," International Review of Management and Marketing, Econjournals, vol. 9(3), pages 112-116.
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