Currently, the world is battling an economic crisis caused by the outbreak and the spread of the COVID-19 pandemic. The pandemic has affected various industries, such as automotive, retail, sports and entertainment, and education. In the wake of the current situation, the key market players are presently focusing on maintaining and generating revenues to be operational. This reduced the number of developments, including launches of products and their distribution in the barcode printer market in 2020. A number of scheduled product launches and related developments have been postponed owing to the spread of the virus. However, the impact of COVID-19 is expected to subside during the forecast period. The operations of barcode printer manufacturing units worldwide have been affected by the lockdowns imposed worldwide, along with the limited availability of labor and raw materials. This has resulted in disruptions in the global supply chain to a significant extent. A number of business activities wherein barcode printers are used, including shopping, sporting, and manufacturing, have been suspended or canceled to avoid mass gatherings. The COVID-19 has halted production, plunged down the sales of barcode printers, and led key players in the barcode printer market to buckle up and rethink their plans. Rescheduling the launch of printers and projects related to barcode printers, stabilizing dealer networks, managing cash flows tightly, and reviewing investment portfolios by companies have affected the production and the sales of barcode printers globally.
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