2020 Economic Impact of COVID-19: Guidance in an Uncertain Economy, published by PMMI – The Association for Packaging and Processing Technologies, examines the pandemic’s dual shocks and their implications for packaging and processing across 2020–2022 using leading economic indicators and industry data from public sources and ITR Economics. The analysis highlights focus areas such as demand shifts and sectoral resilience—grocery, beverage and pharmaceutical channels versus food service—supply-chain and near-sourcing strategies, and operational liquidity and capital planning, alongside workforce and service model adaptations including field service and aftermarket. Charts and comparative benchmarks that reference the pre-2009 recession indicate recovery timelines that tend to stagger by sector and geography. The report reveals where engineering teams are prioritizing investments to strengthen operational resilience.
Published by PMMI The Association for Packaging and Processing Technologies in June 2020. Based on secondary analysis, forecasting, and partner interviews of government and proprietary economic indicators and datasets (BEA, FRB, EIA, OECD, US Census, Worldometer, ITR Economics, CEIC, Eurostat) collected April–May 2020.
