Most Manufacturers Stay Open During Pandemic
NAM CEO Jay Timmons: “Manufacturers have proven that with our grit, determination and patriotic spirit, we can overcome any challenge facing the nation.”
Posted: June 8, 2020
As an industry that has dealt with adversity many times, manufacturers are facing the current pandemic with the same determination. A new study, Manufacturers’ Outlook Survey, reviewing the second quarter of 2020 found that despite a historic drop in optimism, to nearly 34%, and challenging business conditions, the vast majority of manufacturers (98.7%) have continued or only temporarily halted operations.
The survey also shows that manufacturers are innovating to find solutions to keep businesses running and to protect workers and communities:
- 22% retooling to produce personal protective equipment
- 67% reengineering processes to reflect COVID-19 safety protocols
- 12% completely reevaluating the mission of the firm.
“Manufacturers have led the country through the COVID-19 response, and America is counting on our industry to lead our recovery and renewal,” said National Association of Manufacturers CEO Jay Timmons. “While these numbers show that we’ve faced difficult circumstances and that there is a challenging road ahead, manufacturers have proven that with our grit, determination and patriotic spirit, we can overcome any challenge facing the nation.”
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