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Survey shows 53% of parts manufacturers report no business change due to COVID-19

TMA Media March 10, 2020
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Gardner Intelligence reported Monday that 53% of discrete parts manufacturers have no seen no change to their business because of COVID-19, according to their survey taken March 2.

Less than that – 39% – said they have made no adjustments to their business because of the virus.

From Gardner Intelligence’s recent survey:

According to the survey, 53% of respondents indicated that they have experienced no changes at their business as a result of COVID-19. Of the remaining respondents, 24% indicated there have been various ripple effects that could not be directly tied to COVID-19. Nearly 75% of these respondents stated the ripple effects were minimal or moderate. The most significant change discrete parts manufacturers have experienced is a change in supplier lead times, which was experienced by 24% of the respondents. These changes were moderate to major according to 90% of respondents.

Through the end of last week, a smaller percent of respondents (39%) stated their business had made no adjustments as result of COVID-19. Travel was the number one adjustment made by businesses with 34% of respondents indicating their business had adjusted travel plans as a result of the virus. More than two-thirds of respondents indicated that the change in travel plans was major. Also, businesses made notable adjustments by adding contingency or backup plans (26%) and changing trade show attendance/ participation (23%).

Read more at Gardner Intelligence … And let Technology & Manufacturing Association know how the COVID 19 virus is affecting or NOT affecting your business. Write us at [email protected].

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