While manufacturers grapple with the day-to-day demands of the COVID-19 crisis, some industry analysts assert that now is also the time for businesses to prepare to thrive postpandemic.
As we have all been navigating the many facets of this crisis, one thing has stood out: our strengthened sense of community. This overarching momentum of collaboration is impacting the reaction of businesses across the global supply chain.
The National Association of Manufacturers said a survey shows that while optimism has dipped, manufacturers are staying open or have only temporarily closed operations because of COVID-19.
With widespread stay-at-home orders, and to contain the spread of COVID-19, many manufacturers, unless deemed essential, have closed shop and sent workers home. The resulting loss in productivity has forced companies and teachers to utilize the time to provide or continue with remote e-learning.
The outbreak of the coronavirus in China is causing longer lead times and will reduce revenue for companies, according to respondents in a special Institute for Supply Management survey.
The National Association of Manufacturers said manufacturers "continue to be committed to promoting vaccination and keeping our teams, customers and communities safe and healthy."
We can be proud of how companies have remained resilient throughout the pandemic. That resiliency will be further challenged.
Manufacturing added 38,000 jobs in October, with a majority in durable goods, the Bureau of Labor Statistics said today.
The National Association of Manufacturers today urged President Donald Trump to lift a June 22 executive order that suspended new work visas and prevents foreigners from seeking work in the U.S.
Manufacturers across the world are responding to the COVID-19 pandemic in many different ways. These are some of their stories.
