Manufacturing-based industries hit harder
The negative impact caused by COVID-19 varies by industry. Manufacturing-based companies seem to suffer particularly hard. For example, among the automotive companies a total of 66.6% vs. 55.8% on average indicate negative impacts caused by supply chain disruptions. Among manufacturers of fabricated metal products, the number increases to 63.4%. As a result, companies in these industries seem to face significant financial consequences. In automotive, a total of 76.8% experienced reduced sales and revenues and 56.8% had to reduce production. Among the metal manufacturing companies, 61.7% experienced reduced sales.
Other industries seem to face less severe disruptions and consequences. In the food and beverage industry, for example, 46.9% vs. 38.7% on average indicate no or limited impact. While 48.8% of the food and beverage companies reported reduction in sales only 30% experienced operational constraints. The picture is similar in the ICT sector, where 51.5% did not experience disruptions and 32.4% reported not suffering from significant consequences.