Ericsson’s business has not been impacted by the coronavirus pandemic yet. At the company’s annual meeting, the CEO Boris Ekholm reassured stakeholders that the health and safety of its employees, customers, and shareholders is of utmost importance. He added that while they are carefully monitoring the ongoing developments, the company has not seen any tangible impact on its operations.

Ekholm also emphasised the significance of effective communication during crisis situations and ensured that Ericsson is working to provide the best connectivity solutions based on regular customer feedback. The company predicts that in Q1 of 2020, the pandemic will have either limited impact on its customer base or will remain unaffected. According to Ericsson’s forecast, in the next quarter, the company should be able to meet demand by implementing specific measures to counteract the effects of the pandemic.

Ericsson further stated that all of its production plants were operating as normal. The company’s facility in China had been shut down until 9 February as a result of local government restrictions, but it was reopened the next day. The company’s leading production plants are located around the globe – in the US, Mexico, Brazil, China, India, Estonia, and Poland. Ericsson has already implemented the infrastructure to support remote working, which multiple employees are currently taking advantage of.

source: telecompaper