The Chief Executive of the IDA has warned that some multinational companies may be forced to close temporarily due to falling demand for their products or services.
Martin Shanahan said companies are being impacted on both the supply and demand side. "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. "There are some sectors that will need to ramp up production of important products and we are working with them to facilitate that." He said the crisis had brought home that Ireland is hugely integrated in the global supply chains and the