To better gauge how the coronavirus pandemic is affecting business and industry, Paint & Coatings Industry (PCI) magazine is partnering with BNP Media’s Clear Seas Research division to conduct a bi-weekly survey of readers across all of its brands. PCI posted Wave 1 survey results from BNP’s 12 Manufacturing Division publications on March 30. Below are some of the results of our Wave 2 survey (conducted April 2-6). The information contained within this report represents a moment in time, as well as a brief look back at where we’ve been. It provides the collective voice of industry decision makers, influencers and contributors, and offers a unique understanding of where businesses are today. The full Wave 2 report can be downloaded for free here.
THE PERCENTAGE OF PEOPLE WHO INDICATED A LEVEL OF CONCERN FROM 8-10 (ON A SCALE FROM 1-10) WITH THE FOLLOWING:
Current economy:
March 24-26: 69%
April 2-6: 72%
Achieving business goals over next three months:
March 24-26: 60%
April 2-6: 65%
Achieving business goals over next six months:
March 24-26: 56%
April 2-6: 60%
Supply chain interruptions:
March 24-26: 55%
April 2-6: 60%
Business stability for next 12 months:
March 24-26: 54%
April 2-6: 65%
Friends/family becoming infected by COVID-19:
March 24-26: 53%
April 2-6: 68%
Employees not showing up for work:
March 24-26: 38%
April 2-6: 35%
Skilled labor shortages:
March 24-26: 36%
April 2-6: 31%
Becoming personally infected by COVID-19:
March 24-26: 32%
April 2-6: 43%
IT cybersecurity with remote employees:
March 24-26: 25%
April 2-6: 28%
THE PERCENTAGE OF ACTIVE BUSINESS THAT IS ON SCHEDULE, DELAYED OR CANCELLED:
On schedule:
March 24-26: 67%
April 2-6: 63%
Delayed:
March 24-26: 26%
April 2-6: 28%
Cancelled:
March 24-26: 7%
April 2-6: 9%
THE PERCENTAGE OF PLANNED BUSINESS THAT IS ON SCHEDULE, DELAYED OR CANCELLED:
On schedule:
March 24-26: 63%
April 2-6: 57%
Delayed:
March 24-26: 31%
April 2-6: 34%
Cancelled:
March 24-26: 6%
April 2-6: 9%
RELATIVE TO ONE YEAR AGO, HOW IS NEW BUSINESS DEVELOPMENT ACTIVITY BEING IMPACTED?
Increase:
March 24-26: 16%
April 2-6: 17%
No Change:
March 24-26: 20%
April 2-6: 17%
Decline:
March 24-26: 64%
April 2-6: 66%
HOW IS PLANNED 2020 BUSINESS SPENDING ON EQUIPMENT, PRODUCTS, TECHNOLOGY, SERVICES, ETC. BEING IMPACTED?
Increase:
March 24-26: 8%
April 2-6: 9%
No Change:
March 24-26: 29%
April 2-6: 18%
Decline:
March 24-26: 63%
April 2-6: 73%
ANTICIPATED WORKFORCE CHANGES IN NEXT 3 MONTHS
Lay off all employees:
March 24-26: 1%
April 2-6: 0%
Lay off some employees:
March 24-26: 24%
April 2-6: 26%
Temporarily suspend employees with pay:
March 24-26: 22%
April 2-6: 14%
Temporarily suspend employees without pay:
March 24-26: 21%
April 2-6: 19%
Rehire previously suspended/laid off employees:
March 24-26: 13%
April 2-6: 10%
Hire new employees:
March 24-26: 11%
April 2-6: 15%
No change:
March 24-26: 33%
April 2-6: 32%
Don’t know:
March 24-26: 17%
April 2-6: 14%
