Thursday, November 26, 2020
Home Lead Story Coronavirus Has Put No Impact on Dassault Systemes, Says CEO Bernard Charles

Coronavirus Has Put No Impact on Dassault Systemes, Says CEO Bernard Charles

The overall confirmed cases in Mainland China reached 44,653 by Wednesday, with 1,113 deaths being confirmed by the Chinese authorities

The China lockdown owing to the deadly novel coronavirus has little impact on 3DExperience platform major Dassault Systemes as the company has no dependency on China for supply chain kind of activities, Bernard Charles, Vice Chairman and CEO, Dassault Systemes, said on Wednesday.

The overall confirmed cases in Mainland China reached 44,653 by Wednesday, with 1,113 deaths being confirmed by the Chinese authorities.

“We do have big labs in India but not in China. So we do not have any specific dependencies related to the supply chain kind of activities. But we are concerned about the slowdown in the industry globally,” Charles told IANS.

“Our customers use the 3DExperience Cloud platform online. So even if people are working from home with good Internet access, they can perform design and training as usual,” he added.

The economic damage caused by novel coronovirus to the Chinese economy is likely to be larger than SARS, leading to GDP estimates being revised downwards.

“We have a very sizable client list from China. It has been a strong dynamic market for us for many years. It is difficult to know at this point how long this is going to continue. We are concerned,” Charles noted.

Dassault
The China lockdown owing to the deadly novel coronavirus has little impact on 3DExperience platform major Dassault Systemes as the company has no dependency on China for supply chain kind of activities, Bernard Charles, Vice Chairman and CEO of Dassault Systemes said. Wikimedia Commons

Citigroup has cut China’s GDP forecast for the first quarter of 2020 to 3.6 per cent from the initial 4.8 per cent.

ALSO READ: BlueMail Returns To Apple App Store After 8 Months Gap

Citigroup said the economic damage from coronavirus will be more than the SARS virus, assuming that the virus will be contained by the end of March. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,780FollowersFollow

Most Popular

50% Male Employees Agree Bias Against Women in Workplace

More than 50 percent of the men feel that there is an increased bias against women at the workplace, said a new survey. According to...

Here Are 10 Ways To Improve Self-Awareness Levels

Emotional intelligence tends to fuel one's performance on the personal front as well as professionally. Right from your self-assurance, empathy, and positivity to your...

Cooking With Biomass Fuels Damages Lungs

People who cook with biomass fuels like wood are at risk of suffering considerable damage to their lungs from breathing in dangerous concentrations of...

Pregnancy Stress Affects Infant’s Brain Development

Researchers have revealed that infants' brains may be shaped by levels of stress their mothers experience during pregnancy. The study, published in the journal eLife,...

What Does The Future Hold For Online Entertainment?

It’s hard to say exactly what kind of the year 2020 has been for the entertainment industry. While cinemas and theatres across the western world...

Self-Care Guidelines To Boost Immunity, With Special Reference To Respiratory Health

With the monsoon winding down and winter moving in, colder weather will arrive soon, making us more prone to catching the flu or common...

Few Points For Pet Parents To Keep In Mind

Every dog has his or her own individual personality. This personality goes beyond the common labels used for each breed, for instance, Labradors are...

The 2021 Grammy Awards Nominations Are All About Women Power

The 2021 Grammy Awards nominations are all about women's power with Beyonce, Taylor Swift, and Dua Lipa leading the way. Beyonce is leading the...

Recent Comments