While much of the world eagerly counts the remaining days of 2020, only in the past two weeks have the first sets of quarterly results arisen that show significant damage suffered at the hands of the Covid-19 pandemic. The first calendar quarter will not reveal the full impact, of course, and in many markets, real crisis thinking did not set in until March 2020. The situation remains so unpredictable that it is dangerous to read too much into a few weeks’ figures. However, some general patterns can be observed, and the outlook updates being offered by some companies provide useful indicators. In general, as we have analyzed before, the industry is bracing itself for short term disruption to supply chains,…