The coronavirus pandemic is putting a stranglehold on numerous industry sectors with no clear path to recovery evident. Technology markets haven’t escaped the virus, thanks to raw materials and electronics value chain disruptions resulting in downstream effects on products and services.
Though the lasting impact of COVID-19 remains unknown, some technology subsectors have proven to be more resilient. The hastening of remote working, in particular, has speeded the adoption of cloud services, IT infrastructure and business-critical software, according to industry observers interviewed by Crain’s.
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Story excerpt provided by Crain’s Cleveland Business.
Written by Douglas J. Guth.
Originally published December 5, 2020.