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Article obtained from Photonics RSS Feed.
The COVID-19 pandemic has shifted business practices around the world, and photonics companies have had to adjust accordingly to the economic impact the situation has had on finances and supply chains.
According to analyst IHS Markit as reported by SPIE, the number of active world cases is expected to top out by the third quarter; however, forecasts are dependent on individual government responses. Also, sharp drops in oil prices will help energy consumers and hurt energy producers. The net effect on global growth is likely to be negative, but small.
U.S. photonics companies have issued their own responses throughout the pandemic, including Raytheon Technologies, KLA Corp., FLIR, Intel, II-VI, ThorLabs, and Coherent.