COVID-19 brought about major disruptions in many levels of the economy and industrial companies were especially hard hit due to the turmoil that occurred in their supply chains as well as because of the significant increases in their input costs.
Consequently, most of these companies have put off major projects aimed at improving their internal processes. As these companies are the clients of AVEVA, their difficulties had a knock-on effect and lowered the demand for the services that the Company provides. Click here to access the report