The COVID-19 pandemic impact on industries performance: An explorative study of Indonesian Companies

ABSTRACT

The purpose of this study was to identify informations about the impacts of COVID-19 pademic to company performance. This research use the case study qualitative approach. In this study, selected participants were 7 people of top management of some industries. For confidentiality purposes, partisipants are given the initials P1,P2,P3,P4,P5, P6 and P7. Semi- structured interviews were conductedand a list of questions compiled for interviews was developed based on the related literature. The results of this study there are some impact of Covid-19 Pandemic such as reduce imports of raw materials, decrease sales, reducing production capacity, order demand has declined and sales turnover has also decreased, difficulty in sending distribution of goods, working hours are divided into 2 shiftssome of our employees are on vacation and get 70% of salary, having trouble distributing goods, some employees have received 80% of salaries only. This research could be adapted and adopted by other countries or in other regions. © 2020 Innovare Academics Sciences Pvt. Ltd. All rights reserved.