The Impact of Covid-19 on Indonesian Infrastructure Companies: Determine the Company's Survival Strategy

ABSTRACT

Covid-19 was declared a widespread pandemic by the World Health Organization (WHO) in early March 2020. It was first discovered in China and quickly spread across the world, prompting world governments to take strict steps to isolate cases and slow the virus's transition rate. Indonesia government is trying to keep growth and welfare impacts from leading to a very severe scenario. This research aims to understand the impact of Covid-19 towards the infrastructure sector in Indonesia and to identify strategies used in infrastructure companies to survive during Covid-19 by empirical study. Covid-19 has negative impacts on revenue and expenses of the top nine infrastructure companies in Indonesia. However, most companies applied defensive strategies as their acts to survive and intensive strategy as their act to retain the source of revenue. © IEOM Society International.