"The demand issues have led some companies to scale back activities and in some cases that may lead to temporary closures in sectors where demand has decreased significantly and that is true in both the B2B side and in the business to consumer side," he said.
He said the crisis had brought home that Ireland is hugely integrated in the global supply chains and the event has already had a significant impact on those supply chains.Ensuring those supply chains are kept open will be key, he added, and the presence of multinationals here would be vital to ensuring that over coming weeks and months.
Many FDI companies are well positioned to leverage technology, he noted, and have implemented remote working where possible.
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