Manufacturers’ Survey Reveals Current Industry Impact of COVID-19
Study reveals 78.3% of manufacturers anticipate a financial impact from the U.S. government’s response to the coronavirus.
Posted: March 25, 2020
The National Association of Manufacturers (Washington, D.C.) released the findings of a survey of manufacturing leaders examining the economic and operational impacts of COVID-19. This survey informed the NAM’s “COVID-19 Policy Action Plan Recommendations”, which highlighted key policy areas where legislative and administration action would help combat COVID-19 and future public health emergencies successfully.
Survey highlights include the following:
- 78.3% of manufacturers anticipate a financial impact
- 53.1% of manufacturers anticipate a change in operations
- 35.5% of manufacturers are facing supply chain disruptions
“Already, manufacturers are grappling with disruptions to their businesses due to the COVID-19 outbreak, with many anticipating financial and operational consequences — even before some of the developments of this week. The federal government can take steps to further equip manufacturers to deal with COVID-19 by implementing the NAM’s ‘COVID-19 Policy Action Plan Recommendations,’” said NAM President and CEO Jay Timmons. “Across the country, manufacturers are stepping up to keep their employees and their communities safe and healthy, and working closely with elected officials, we can ensure the resilience not only of our companies but also our country.”
Read the full survey results here.
