COVID-19 pandemic has led to lockdowns across the world with pause in business operation and production, resulting enormous impact globally. The technology industry, as one of the most affected field, not only needs to tackle the challenges brought by the coronavirus but also has to reconsider its strategies and operating plans for the post-pandemic world. As for the LED industry, since the supply chain mostly locates in Asia with the majority of production coming from China, plus high inventory due to oversupply in the past few years, the coronavirus epidemic has relatively s...

Signify, the world’s largest lighting company, recently suspended its 2020 financial outlook and cut 20% wage of its employees in response to the COVID-19 pandemic. On April 22, the company further published a press release explaining its perspective of the crisis. Stephen Rouatt, Signify’s Head of Strategy, Alliances and Market Insights, looks at the economic impact of the coronavirus pandemic Rouatt said that the impacts on the global economy caused by COVID-19 will likely to continue until 2021 depending on how governments around the world contain th...

A report of Thomson Reuters Foundation pointed out that cities lockdowns across the globe due to COVID-19 pandemic has made people to rethink the way they obtain food. Urban farming taking places in rooftops or other spare spaces in the city may be the solution for food supply. Horticulture LED lighting can thus become a critical supporting equipment for household or community farming applications. Panic buying has been reported in many countries during the coronavirus crisis. Kotchakorn Voraakom, the landscape architect who designed Asia's largest urban rooftop farm...

The first quarter just ended and the continuously spreading coronavirus (COVID-19) has turned the world upside down in the first three month of 2020. Many companies across the world have reported their measures in response the impacts brought by the epidemic. LEDinside has collected industry information announced by worldwide companies to keep our readers updated. Signify Suspend Financial Outlook for FY2020, Increases 3% Product Price and Asks Employees to Cut 20% Wage The world’s largest lighting company Signify has taken several actions to cope with C...

LightFair 2020, originally taking place during May 3-7, 2020 and previously postponed, is now canceled due to the coronavirus epidemic, according to the announcement of International Association of Lighting Designers (IALD), the Illuminating Engineering Society (IES) and International Market The organizers noted that they have received feedback from IALD, IES, exhibitors and attendees that a trade show and conference in 2020 during the available summer dates is not feasible. As a result, the event will return in 2021 in New York and the next year in Las Veg...

Affected by the ongoing COVID-19 pandemic, worldwide businesses continue to update their measures and business outlook in the past weeks. Veeco, who announced withdrawal of its 1Q20 business guidance, provided business update; while LED maker Lumileds reported price increase due to COVID-19. (Image: Pixabay) MOCVD equipment provider Veeco provided a business update related to COVID-19 and a preliminary estimate of first quarter 2020 revenue. The company withdrew its original guidance for the first quarter of 2020 ending March 31, 2020 due to the possible...

In response to the wide spreading coronavirus infection across the globe, many world-leading automobile companies are temporarily closing their factories in the U.S. and Europe. These facility closures are expected to affect the supply chains of automotive components covering lighting and displays. (Image: LEDinside) Ford, General Motors (GM), Fiat Chrysler and Honda have shut down their manufacture facilities in North America. European automobile makers Volkswagen, Renault, PSA Group, BMW, Daimler also suspend production in Europe. Bloomberg reported th...

The world’s biggest lighting company, Signify, announced to its customers that it will raise price on all LED and lamp electronics as the cost in its logistics chains keep rising due to coronavirus spread. Signify sent a letter to its customers in the U.S. noting that the company is treating the coronavirus epidemic as a force majeure event which had led to considerable additional costs in its logistics chain. As a result, the company is going to charge a temporary increase of 3% on all LED electronics (including Emergency products), and Lamp electronics (Magnetic a...