Coronavirus and the Tech Industry: The Mecca Minute

Today I’d like to talk a little coronavirus and its impact on tech. Tech firms all over the world use international trade events to showcase their products and maybe even in many respects test the market waters to see how products might do in the industry. But this is important to the tech world because travel has now been restricted, and many of the biggest opportunities that exist in tech are coming out of Asian countries like China.

We’ve also learned now that major trade events are being cancelled or rescheduled. This affects attendees, but more importantly it affects the hotels, the airlines, the caterers, and beyond. So if you’re in the international trade event market, then you’re probably seeing a huge impact.

The US has still sort of avoided some of this. I don’t suspect they’ll be any impact on local trade events, or smaller events that involve you traveling one or two counties. However, if you’re into the Gartner International events, the international CIO events, the international mobile technology events or anything in the dev OPS, agile or operations excellence, you’re probably going to find yourself curtailed.

I happen to be one of those folks who is still optimistic that the Coronavirus spread is going to be controlled, and that it won’t stack up to be a long term issue. Hey, at a minimum, buy some tech stock back up and get a good opportunity when the market is down.

—

Check out previous editions of the Mecca Minute here!

Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale