Description
ABB faces difficulties, which may be the main reason for resignations
According to the ABB Group’s financial report for 2019, its annual order volume was US$28.6 billion and sales revenue was US$28 billion, a steady growth of 1%.
As of December 31, 2019, ABB’s Robotics and Discrete Automation business unit had approximately 10,100 employees and contributed approximately US$3.3 billion in revenue to the group in 2019. Revenue includes direct sales to end users and through system integrators. and some indirect sales to machine manufacturers.
Among them, robotics and discrete automation serve a wide range of customer groups active in the automotive, machinery, metal processing, electronics, food and beverage and logistics industries.
Amid weak global robot sales, ABB robot and discrete automation orders were $3.262 billion, down 11%, and revenue was $3.314 billion, down 4%. Among them, orders from Europe were US$1.634 billion, an increase of 2%; orders from the Americas were US$453 million, an increase of 1%; orders from countries in Asia, the Middle East and Africa were US$1.157 billion, a decrease of 1%.
In addition, since the beginning of 2020, the epidemic has continued to spread, resulting in poor sales of downstream 3C-end products, which has made the company’s development even worse… Various factors are not conducive to ABB’s subsequent development. Perhaps Li Gang is You should consider this before resigning.
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