Tuesday, August 16, 2022
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Survey: Manufacturers remain optimistic despite COVID-19 uncertainty

Faricators have had optimistic uncertainty all throughout the COVID pandemic. There is plenty of ambivalence and uncertainty for what is to come, as 47 percent of people in a survey by the Fabricators and Manufacturers Associaton (FMA) answered they were unsure if manufacturing will rebound during the summer, 30 percent think the industry will revive quickly, and others think it’ll take a few months. The only real changes so far have been additional safety precautions due to the pandemic.

Key Takeaways:

  • More than 110 manufacturing and metal fabrication businesses were polled in this survey and the results varied.
  • While uncertainty is at it’s peak right now, production and revenue have also flatlined and businesses haven’t really seen any growth.
  • It’s been very difficult for these companies to get employees back to work as many of the employees stopped showing up for work completely, or had terrible attendance.

“According to the survey, nearly half (47%) of the 113 respondents said their shop is unsure if manufacturing will rebound during the summer, 30% think the industry will revive quickly, while 23% don’t think it will bounce back in the next few months.”

Read more: https://www.thefabricator.com/thefabricator/blog/covid19/survey-manufacturers-remain-optimistic-despite-covid-19-uncertainty

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