18 May Survey: COVID-19 Has Negative Financial Impact on Nearly 90% of Distributors
87% of distributors are now reporting a negative financial impact as a result of the COVID-19 crisis, according to the final part of a three-part research project by Industry Insights.
Industry Insights completed the latest survey on April 30. In its previous survey completed on April 9, 83% of distributors experienced a negative financial impact, and in its first survey on March 18, just 49% of distributors experience a negative financial impact. Meanwhile, 78% of manufacturers are reporting a negative financial impact in the latest research, up from 76% in early April and 44% on March 18.
