COVID-19 and the automotive industry
The automotive industry has been hit by a triple whammy: factory closures, supply chain disruption, and a collapse in demand. Just-in-time manufacturing processes have propagated the impact across the globe. Small and medium enterprises are among those hardest hit and millions of jobs are at risk. Automakers are key to kick-starting the global economy. Not only by producing life-saving ventilators and facemasks. Sustainable industrial policies and targeted support and are key to a lasting recovery – to building back better – with decent work for more women and men.