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An Assessment of Growth Opportunities and Growth Pipelines in Light of the Pandemic
06-May-2020
South Asia, Middle East & North Africa
Market Research
PB19-01-00-00-00
CI00700-GL-MR_24384
Like other economies, countries in the GCC have been rendered vulnerable by the COVID-19 pandemic. Wholesale and retail trade, transportation and storage, and finance and insurance, which accounted for nearly 50% of Dubai’s gross domestic product (GDP) in 2018, have all been affected. In the oil and gas industry, plunging jet fuel demand and higher oil production by Saudi Arabia in April threaten to push crude oil prices to a 17-year low in Q2 2020. However, it is not that everyone and everything is capsizing. Some industries in the region have made gains and exciting opportunities are emerging, while careful risk mitigation strategies are helping others chart a new course for the future.
Based on dynamic, real-time updates, Frost & Sullivan research indicates that COVID-19 could play out in three ways:
• In the first, and most hoped for, scenario of gradual containment, the outbreak will be largely contained by April, with most economies showing signs of industry and economic rebound by May, with full recovery by Q4 2020.
• If the pandemic is not contained to a large extent by April, a severe pandemic scenario would ensue, marked by downturns in consumer demand, industrial production and world GDP growth. The possibility of a year-long recession is real with full recovery only by Q3 2021.
• The third (and least-hoped-for) scenario, a global emergency, will be marked by the uncontrolled spread of the virus with economies limping back to recovery from Q1 2021, with a full recovery only by Q1 2022.
Regardless, the duration and severity of COVID-19’s impact on economies and sectors will undoubtedly vary. Companies would do well to set in motion a “look ahead, anticipate, and adjust” roadmap. Over the short term, companies should explore supply chain diversification and leverage new opportunities arising from changing customer demands. Over the long term, product and service portfolio diversification will be critical to ensuring greater resilience.
Externally, strengthening brand equity and shifting sales channels online will be strategically important. Internally, adopting technologies that support workplace and operational continuity will enable companies to hit the ground running once the COVID-19 crisis abates.
This study examines which industries are thriving, surviving, and struggling during the pandemic. It considers the best practices that some companies have already put in place in response to the crisis, and looks at actions that participants in numerous industries can take now to respond, recover, and thrive in the long term.
COVID-19 Impact on Global GDP Growth
COVID-19 Impact on Key Regions and Countries
COVID-19 Impact on the Middle East
2020 Brent Crude Oil Prices
2020 Brent Crude Oil Prices (continued)
Government Response to COVID-19
COVID-19 Industry Mortality Matrix
GCC Industries Affected by the Pandemic
GCC Industries that are Benefitting
COVID-19 Impact on Labor and Equipment Providers
Pandemic-related Challenges in the Oil and Gas Industry
Growth Opportunities in the Oil and Gas Industry
COVID-19 Responses in the Oil and Gas Industry—Respond, Recover, and Thrive
Pandemic-related Challenges in the Renewable Energy Industry
Growth Opportunities in the Renewable Energy Industry
Companies to Action in the Renewable Energy Industry
COVID-19 Responses in the Renewable Energy Industry—Respond, Recover, and Thrive
Pandemic-related Challenges in the Water and Waste Industry
Growth Opportunities in the Water and Waste Industry
Companies to Action in the Water and Waste Industry
Companies to Action in the Water and Waste Industry (continued)
COVID-19 Responses in the Water and Waste Industry—Respond, Recover, and Thrive
Impact on Revenue for the ICT Industry
Pandemic-related Challenges in the ICT Industry
Growth Opportunities in the ICT Industry
Technologies that Could Prevent Business Disruption During a Crisis
Companies to Action in the ICT Industry
COVID-19 Responses in the ICT Industry—Respond, Recover, and Thrive
Impact on Revenue for the Food and Beverage Industry
Pandemic-related Challenges in the Food and Beverage Industry
Growth Opportunities in the Food and Beverage Industry
Technologies that Could Prevent Business Disruption During a Crisis
Companies to Action in the Food and Beverage Industry
COVID-19 Responses in the Food and Beverage Industry—Respond, Recover, and Thrive
Impact on Revenue for the Mobility Industry
Impact on Revenue for the Mobility Industry (continued)
Pandemic-related Challenges in the Mobility Industry
Pandemic-related Challenges in the Mobility Industry (continued)
Impact of COVID-19 on the Mobility Industry
Growth Opportunities for the Mobility Industry
Companies to Action in the Mobility Industry
COVID-19 Responses in the Mobility Industry—Respond, Recover, and Thrive
COVID-19 Responses in the Mobility Industry—Respond, Recover, and Thrive (continued)
Impact on Revenue for the Transport and Logistics Industry
Pandemic-related Challenges in the Transport and Logistics Industry
Growth Opportunities in the Transport and Logistics Industry
COVID-19 Responses in the Transport and Logistics Industry—Respond, Recover, and Thrive
Impact on Revenue for the Healthcare Industry
Impact on Revenue for the Healthcare Industry (continued)
Impact on Revenue for the Healthcare Industry (continued)
Pandemic-related Challenges in the Healthcare Industry
Growth Opportunities in the Healthcare Industry
Technologies and Procedures that Could Prevent Business Disruption During a Crisis
Companies to Action in the Healthcare Industry
COVID-19 Responses in the Healthcare Industry—Respond, Recover, and Thrive
Impact on Volume for the Metals Industry
Pandemic-related Challenges in the Metals Industry
Growth Opportunities for the Metals Industry
Technologies that Could Prevent Business Disruption During a Crisis
Companies to Action in the Metals Industry
Companies to Action in the Metals Industry (continued)
COVID-19 Responses in the Metals Industry—Respond, Recover, and Thrive
Impact on Revenue for the Chemicals Industry
Impact on Revenue for the Chemicals Industry (continued)
Pandemic-related Challenges in the Chemicals Industry
Pandemic-related Challenges in the Chemicals Industry (continued)
Technologies that Could Prevent Business Disruption During a Crisis
Companies to Action in the Chemicals Industry
Companies to Action in the Chemicals Industry (continued)
COVID-19 Responses in the Chemicals Industry—Respond, Recover, and Thrive
Survival Strategies—Business Continuity and Resilience
Winning Strategies for Accelerated Recovery and Growth
Winning Strategies for Accelerated Recovery and Growth (continued)
Winning Strategies for Accelerated Recovery and Growth (continued)
Winning Strategies for Accelerated Recovery and Growth (continued)
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GDP Analysis by Sector—United Arab Emirates
GDP Analysis by Sector—Saudi Arabia
GDP Analysis by Sector—Kuwait
GDP Analysis by Sector—Bahrain
GDP Analysis by Sector—Oman
GDP Analysis by Sector—Qatar
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Deenah Zayed |
| Industries | Cross Industries |
| WIP Number | PB19-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9800-A6,9705-C1,9595,9AF6-A6,9206 |
Understanding the Impact of COVID-19 on the GCC Region
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