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Manufacturing and Covid-19: 11 Major Reports Summarised

April 15, 2020

Track the impact of Covid-19 on manufacturing and wholesale businesses around the world. In this executive summary we provide excerpts from 11 major reports and articles, plus links for further information.
This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
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Australia & New Zealand reports

IBISWorld COVID-19 Economic Assessment

  • Australia / NZ
  • All industries
  • April 9, 2020

Granular review of the Covid-19 outbreak’s effects on every manufacturing and wholesale industry subdivision in Australia and New Zealand. Compiled by a team of senior industry analysts, the report classifies the level of disruption for each subdivision, and analyses key factors that will determine their performance over the remainder of 2019-20 and beyond.
Read the report

Roy Morgan Special Report: Coronavirus hits Manufacturing, Wholesale and Recreation & Personal industries hard

  • Australia
  • All industries
  • March 16, 2020

“This special Roy Morgan Snap SMS Survey of 1,148 Australian businesses finds 60% of Australian businesses report being affected by the Covid-19, up a 45% points from a month ago. 17% of businesses report being affected ‘A great deal’ (up 15% points from a month ago), 31% have been ‘somewhat’ affected (up 23% points) and a further 12% (up 7% points) have been affected ‘A little’. Only 40% of businesses now report not being affected ‘at all’ by COVID-19 coronavirus, down from 85% of businesses a month ago.”
Read the report

Covid-19: Impacts on Australia’s food and agribusiness sector (KPMG)

  • Australia
  • Food industry
  • March 23, 2020

“Disrupted supply chains, global trade impacts and workforce management are some challenges the sector will face in the near, mid and long, term.”
Read the report

Global reports

Combating COVID-19: Insights by sector (Deloitte)

  • All manufacturing & wholesale
  • April, 2020

“Sector-specific actions to guide your crisis response. No industry is escaping the disruption of Covid-19. But leaders like you must consider the unique impact it is having on your sector and the distinct needs of your people and business. This page compiles insights on a range of sectors that can help you act in this crisis with empathy and action.”
Read the report

Article: The cascading supply chain effects of Covid-19 (MIT)

  • All industries
  • March 25

“In late February, MIT’s David Simchi-Levi, Professor of Engineering Systems and a specialist in supply chain management, predicted that the peak of the impact of COVID-19 on global supply chains would occur in mid-March, “forcing thousands of companies to throttle down or temporarily shut assembly and manufacturing plants in the U.S. and Europe.

As we near the end of March, Simchi-Levi’s prediction has been realized. Because many Chinese manufacturing suppliers temporarily but drastically cut production in late January due to the virus, the ripple effect has impacted the production and distribution of countless global commodities. For example, in mid-February, Chrysler Fiat Automobiles NV announced that it had to halt production at a Serbian factory because they couldn’t get parts from China.”
Read the article

Article: Tridge maps effect of coronavirus on fruit prices

  • Agriculture sector
  • March 24, 2020

“Prices on some products fluctuate by up to 85 per cent as a direct result of the virus’ impact on trade. Its data indicates significant price changes to fresh produce items caused by the virus between its outbreak in early January and the middle of February. The biggest wholesale price fluctuations so far include Vietnamese red-fleshed dragon fruit, (-86 per cent), South African citrus (-38 per cent), and Indonesian garlic (+ 24 per cent).”
Read the article

United Kingdom reports

Article: CBI monthly industrial trends survey findings (25 February – 13 March)

  • All sectors
  • March 24, 2020

“15% of manufacturers reported order books above normal, while 44% reported them to be below, giving a balance of -29% (compared to -18% in February). This is below the long-run average of -13%

13% of firms said their export order books were above normal, while 41% said they were below normal, giving a balance of -28% (compared to -17% in February). This is below the long-run average of -17%

24% of firms said the volume of output over the last three months was up while 33% of firms said it was down, giving a rounded balance of -8% (from -11% in February)”
Read the article

Article: COVID-19: UK car manufacturing to see major impact

  • Automotive industry
  • March 27, 2020

“Despite the myriad global challenges the UK automotive industry has faced in recent times, it remains fundamentally strong and February’s figures reflect that. However, these figures also reflect the calm before the storm. With UK car plants now effectively on national shutdown and many global markets closed, the outlook is of deep concern,” comments Mike Hawes, Chief Executive at SMMT.
Read the article

Article: SME manufacturers already in a serious condition due to Covid-19

  • SMEs sector
  • April 09, 2020

“Small and medium-sized manufacturers in England have been hit particularly hard by the Covid-19 pandemic, with 87% of companies identifying a significant decrease in production volumes. Almost 90% of the more than 330 respondents across England expect sales to drop over the next six months, while more than half predict the need to cut staff – despite the government’s furloughing scheme being introduced to boost employee retention and preserve businesses.”
Read the article

United States reports

Article: US manufacturing industry sees an 11-year low

  • All manufacturing
  • April 2, 2020

“According to the Institute for Supply Management, national factory activity fell to a reading of 49.1 on its index last month.”
Read the report

Report: Covid-19 Impact on the Construction Market

  • Building and Construction
  • March 24, 2020

“Construction labor and productivity will be affected should infections become more prevalent. For infrastructure and equipment, such as electrical switchgear or mechanical air distribution, most manufacturers have issued a watch-out for imports. Coastal areas with shipping ports may be prone to labor shortages; even when products arrive, containers may be quarantined or delayed prior to drayage.”
Read the report

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