American Supply Association (ASA) members were part of a multi-industry survey related to the COVID-19 outbreak, and its immediate impacts on the business climate. ASA business intelligence partner Industry Insights, which conducted the survey, breaks down the results across all industries in a report.
More than 70 percent of respondents expect the medical implications of COVID-19 to be moderate or worse, with the impact lasting two to three months. Perceptions about the true medical impact vary by region. Smaller companies are most likely to have viability concerns, with 20 percent of those with one to four employees questioning whether they can remain in operation after the crisis. Companies involved in retail and those that provide services to individuals are struggling the most.
Nearly all companies have taken some new actions due to COVID-19. Most have increased hand sanitizer and canceled large group events. They are also distancing employees and implementing daily office cleanings/sanitizations. Approximately 40 percent of companies have instituted at least a partial work-from-home mandate. The percentage varies significantly by company size. Just 10 percent of companies with one to four employees have begun working from home. However, 70 percent of companies with more than 500 employees are working from home more because of the virus.
The full report can be read on the ASA website.