COVID-19 IMPACT AND IMPLEMENTATION SURVEY EXECUTIVE SUMMARY PROVIDED BY IMPACT Percent of Organizaons that Perceive Stay at Home and Social Distancing Measures are “Very Necessary” About the COVID-19 Impact & Implementaon Survey: Results for the 2nd survey in the series are based on surveys collected between Tuesday, April 7, and Thursday, April 9. More than 240 ASCE members parcipated in the survey. Industry Insights is fielding these surveys to help its clients assess and track their members’ percepons, impact, and acon plans related to COVID-19. Links to an online quesonnaire were distributed to members. A total of 247 respondents parcipated in the survey. Confidence intervals can change, depending on the aggregate’s sample size and the response variance, though the overall survey poron of this research has a standard error of +/- 6.0% at a 95% level of confidence. The survey sample includes manufacturers, and professional services organizaons and university and academic instuons represenng a diverse set of industries. The COVID-19 Impact & Implementaon Survey was compiled, tabulated and analyzed by Industry Insights, Inc. (www. industryinsights.com), an independent research firm based in Columbus, OH. Survey Contact: Shawn Six, [email protected]0% 100% 89% 73% 70% 86% 63% 80% 72% 82% 65% March 18th April 9th 14% Reported a confirmed case of coronavirus on March 18th 22% Reported a confirmed case of coronavirus on April 8th Organizaons Having an Employee with a Confirmed Case of Coronavirus Percent of Organizaons Experiencing a Direct Negave Financial Impact 8 83 3% % 7 72 2% % 6 64 4% % 8 84 4% % 7 70 0% % 5 56 6% % 4 44 4% % 4 46 6% % 5 56 6% % Overall Service Providers (to Individuals) Service Providers (to Companies) Manufacturers University/Academic Not surveyed on March 18th As of March 18 As of April 9 Survey #2 in Industry Insights’ COVID-19 Series
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Survey #2 in Industry Insights’ COVID-19 Series COVID-19 · COVID-19 IMPACT AND IMPLEMENTATION SURVEY EXECUTIVE SUMMARY PROVIDED BY IMPACT Percent of Organizations that Perceive
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COVID-19IMPACT AND IMPLEMENTATION SURVEYEXECUTIVE SUMMARY
P ROV I D E D BY
IMPACT
Percent of Organizations that Perceive Stay at Home and Social Distancing Measures are “Very Necessary”
About the COVID-19 Impact & Implementation Survey:
Results for the 2nd survey in the series are based on surveys collected between Tuesday, April 7, and Thursday, April 9. More than 240 ASCE members participated in the survey. Industry Insights is fielding these surveys to help its clients assess and track their members’ perceptions, impact, and action plans related to COVID-19. Links to an online questionnaire were distributed to members. A total of 247 respondents participated in the survey. Confidence intervals can change, depending on the aggregate’s sample size and the response variance, though the overall survey portion of this research has a standard error of +/- 6.0% at a 95% level of confidence. The survey sample includes manufacturers, and professional services organizations and university and academic institutions representing a diverse set of industries. The COVID-19 Impact & Implementation Survey was compiled, tabulated and analyzed by Industry Insights, Inc. (www.industryinsights.com), an independent research firm based in Columbus, OH. Survey Contact: Shawn Six,[email protected]
Candice: Please add a creative legend to show dark blue = April 8th and light blue = March 18th
`
Percent of Organizations that Perceive Stay at Home and Social Distancing measures are "Very Necessary"
Organizations Having an Employee with a Confirmed Case of Coronavirus
Percent of Organizations Experiencing a Direct Negative Financial Impact
0% 100%
89%
73%
70%
86%63%
80%72%
82%
65%
As of March 18th As of April 9th
14%
Reported anemployee has confirmed case of coronavirus
22%
Reported an employee has confirmed case of coronavirus
8833%%
7722%%
6644%%
8844%%
7700%%
5566%%
4444%%
4466%%
5566%%
Overall
Service Providers (to Individuals)
Service Providers (to Companies)
Manufacturers
University/AcademicNot surveyed on March 18th
Percent of Companies that perceive the Medical Implications of the Coronavirus to be a Moderate or Major Issue
Percent of Companies Reporting a Confirmed Coronavirus Case(s)
Percent of Companies Already Experiencing a Direct Negative Financial Impact
0% 100%
89%
73%
70%
86%63%
80%72%
82%
65%
March 18th April 9th
14%Reported aconfirmed case of coronavirus on March 18th
22%
Reported aconfirmed case of coronavirus on April 8th
63%
72%
84%
70%
56%
44%
0%
46%
56%
Overall
Service Providers (to Individuals)
Service Providers (to Companies)
Manufacturers
University/Academic
Not surveyed on March 18th
Organizations Having an Employee with a Confirmed Case of Coronavirus
Percent of Organizations Experiencing a Direct Negative Financial Impact
Candice: Please add a creative legend to show dark blue = April 8th and light blue = March 18th
`
Percent of Organizations that Perceive Stay at Home and Social Distancing measures are "Very Necessary"
Organizations Having an Employee with a Confirmed Case of Coronavirus
Percent of Organizations Experiencing a Direct Negative Financial Impact
0% 100%
89%
73%
70%
86%63%
80%72%
82%
65%
As of March 18th As of April 9th
14%
Reported anemployee has confirmed case of coronavirus
22%
Reported an employee has confirmed case of coronavirus
8833%%
7722%%
6644%%
8844%%
7700%%
5566%%
4444%%
4466%%
5566%%
Overall
Service Providers (to Individuals)
Service Providers (to Companies)
Manufacturers
University/AcademicNot surveyed on March 18th
As of March 18As of April 9
Survey #2 in Industry Insights’ COVID-19 Series
P ROV I D E D BY
COVID-19IMPACT AND IMPLEMENTATION SURVEY EXECUTIVE SUMMARY
IMPACT
Level of Confidence Your Organization will Receive Benefits from the Federal Government Relief Packages Related to COVID-19
Impact:
The coronavirus is reaching the employees.
Whereas 14% of organizations had an
employee with COVID-19 as of March 18, the
rate has climbed to 22% in the past 3 weeks.
Despite the financial toll, most organizations’
leaders agree that the “stay at home” and
social distancing mandates are necessary
actions. No surprisingly due to the level of
Covid-19 cases and deaths, respondents on
the East coast expressed the most concern.
The impact on organizations engaged in
civil engineering is becoming more evident.
Fifteen percent have rescinded offers to
entry level employees or interns. Two-
thirds of the responding organizations
have experienced cancellation or delay of
contracts. One out of five are facing potential
contract penalties due to project delays.
Half of the respondents are reporting cash
flow challenges. Less than 20% expressed
confidence their organization will receive
benefits from federal government relief
packages related to Covid-19.
Survey #2 in Industry Insights’ COVID-19 Series
Percentage of Organizations Experiencing the Following Negative Impacts
Organizations that have Recinded Offers to Entry Level Employees or Interns
Companies Facing Potential Contract Penalties Due to Project Delays
Most Important Goal for Infrastructure Funding Included in a Stimulus Package
Put largest number of people back to work 44%
Invest in modernized infrastructure 17%
Address the backlog of projects 11%
Release more opportunities for small business engineering firms 10%
Replace lost revenue 7%
Improve resilience 7%
21% 79%79% 21%
15%75%
Please add to center of pie charts above
60%As of April 8
32%As of March 18
15%21% 79%79% 21%
15%75%
Please add to center of pie charts above
60%As of April 8
32%As of March 18
21%
33%67%
Cancellation or Delay of ContractsCash Flow Challenges Hiring Freezes
Absenteeism
Supply Chain
Shortages Layoffs Furloughs (unpaid)
No plan for 64% 52% 35% 28% 28% 16% 16%
Not at All Confident
Not Confident Neutral Confident
Extremely Confident
20% 8% 55% 13% 5%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
6644%%
5522%%
3355%%2288%% 2288%%
1166%% 1166%%
64%Cancellation or
Delay ofContracts
52%Cash FlowChallenges
35%Hiring Freezes
28%Absenteeism
28%Supply Chain
Shortages
16%Layoffs
16%Furloughs(unpaid)
2200%% 88%%
5555%%
1133%%55%%
Not at All Confident Not Confident Neutral Confident Extremely Confident
33%67%
Cancellation or Delay of ContractsCash Flow Challenges Hiring Freezes
Absenteeism
Supply Chain
Shortages Layoffs Furloughs (unpaid)
No plan for 64% 52% 35% 28% 28% 16% 16%
Not at All Confident
Not Confident Neutral Confident
Extremely Confident
20% 8% 55% 13% 5%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
6644%%
5522%%
3355%%2288%% 2288%%
1166%% 1166%%
64%Cancellation or
Delay ofContracts
52%Cash FlowChallenges
35%Hiring Freezes
28%Absenteeism
28%Supply Chain
Shortages
16%Layoffs
16%Furloughs(unpaid)
2200%% 88%%
5555%%
1133%%55%%
Not at All Confident Not Confident Neutral Confident Extremely Confident
33%67%
Cancellation or Delay of ContractsCash Flow Challenges Hiring Freezes
Absenteeism
Supply Chain
Shortages Layoffs Furloughs (unpaid)
No plan for 64% 52% 35% 28% 28% 16% 16%
Not at All Confident
Not Confident Neutral Confident
Extremely Confident
20% 8% 55% 13% 5%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
6644%%
5522%%
3355%%2288%% 2288%%
1166%% 1166%%
64%Cancellation or
Delay ofContracts
52%Cash FlowChallenges
35%Hiring Freezes
28%Absenteeism
28%Supply Chain
Shortages
16%Layoffs
16%Furloughs(unpaid)
2200%% 88%%
5555%%
1133%%55%%
Not at All Confident Not Confident Neutral Confident Extremely Confident
Expected level of Impact in 2020 on OrganizationCall out Labels
Revenue Revenu Numbe Adverti Technology SpendRevenue Very Negative Imp 21% 43% 10% 25% 16%Somewhat Negative l ight orange bar Somewhat Negati 68% 49% 40% 31% 27%
No Impact 7% 3% 47% 38% Somewhat Pos i tiv 3% 4% 3% 6% 34%
Number of Employees Very Pos i tive Impa 0% 1% 0% 1% 21%Moderate Reduction l ight orange bar Number of Employees 2%
Major Staff Reduc 3% Moderate Staff Re 31%
Advertising Spending No Impact 63%Moderate Reduction l ight orange bar Moderate Staff In 3%
Major Staff Increa 0% Advertising Spend Major Reductions 13%
Advertising Spending Moderate Reducti 20%No Impact Gray bar No Impact 63%
Moderate Increas 4% Major Increases 0% Technology Spend Major Reductions 8%
Extent of Long-Term Viability Concerns Due to the Coronavirus Moderate Reducti 19%
No Impact 31% Moderate Increas 39% Major Increases 3%
Legend notes
l ighter blue = As of March 18Darker blue = As of Apri l 8Orange = If No Governement Intervention Was in Place
Organizations that Experienced Coronavirus Related Delays in Receiving Materials/Products from Suppliers
51% of organizations experienced coronavirusrelated supply chain delays as of April 8.
VeryNegative
NoImpact
ModerateReductions
NoImpact
Survey #2 in Industry Insights’ COVID-19 Series
Percentage Reporting Major Concerns on Long-Term
9.
51%As of April 9
MajorReductions
ModerateReductions
SomewhatNegative
NoImpact
ModerateReductionsMajor
ReductionsModerateIncreases
▪ No Concern▪ Mild Concern▪ Moderate Concern▪ Major Concern
Expected level of Impact in 2020 on Organization8-Apr
Revenue Very Negative Impa 21% Somewhat Negative 68% No Impact 7% Somewhat Positive I 3% Very Positive Impact 0% Number of Employees Major Staff Reductio 3% Moderate Staff Red 31% No Impact 63% Moderate Staff Incre 3% Major Staff Increase 0% Advertising Spend Major Reductions 13% Moderate Reduction 20% No Impact 63% Moderate Increases 4% Major Increases 0% Technology Spend Major Reductions 8%
Extent of Long-Term Viability Concerns Due to the Coronavirus (Average) Moderate Reduction 19%
No Impact 31%See Shawns file for legend details Moderate Increases 39%
Major Increases 3%
Percentage Reporting Major Concerns on Long-term Viability Due to Coronavirus by Size of OrganizationNo Int. 9-Apr 18-Mar
No Concern 29% 42% 49%Mild Concern 37% 42% 32%
Moderate 17% 12% 15%Major 17% 4% 4%
Legend notes
lighter blue = As of March 18Darker blue = As of April 9Darkest blue = If No Governement Intervention Was in Place 18-Mar 9-Apr No Int.
11 1 1 1 11 to 4 5 to 19 20 to 49 50 to 99 100 to 499 500+
100%
Companies by Number of Employees
Revenue
Number of Employees
Advertising Spending
Technology Spending
29%
42%
49%
37%
42%
32%
17%
12%
15%
17%
4%
4%
As of March 18
As of April 9
If No Government Intervention was in Place
0%
Expected level of Impact in 2020 on Organization8-Apr
Revenue Very Negative Impa 21% Somewhat Negative 68% No Impact 7% Somewhat Positive I 3% Very Positive Impact 0% Number of Employees Major Staff Reductio 3% Moderate Staff Red 31% No Impact 63% Moderate Staff Incre 3% Major Staff Increase 0% Advertising Spend Major Reductions 13% Moderate Reduction 20% No Impact 63% Moderate Increases 4% Major Increases 0% Technology Spend Major Reductions 8%
Extent of Long-Term Viability Concerns Due to the Coronavirus (Average) Moderate Reduction 19%
No Impact 31%See Shawns file for legend details Moderate Increases 39%
Major Increases 3%
Percentage Reporting Major Concerns on Long-term Viability Due to Coronavirus by Size of OrganizationNo Int. 9-Apr 18-Mar
No Concern 29% 42% 49%Mild Concern 37% 42% 32%
Moderate 17% 12% 15%Major 17% 4% 4%
Legend notes
lighter blue = As of March 18Darker blue = As of April 9Darkest blue = If No Governement Intervention Was in Place 18-Mar 9-Apr No Int.
Scenarios for Which Organizations Have a Formal Plan
March 18 April 9
Workforce Reductions
22%78%
1 to 4
Employees5 to 19
Employees20 to 49
Employees
50 to 99Employee
s
100 to 499
Employees
500+Employee
sNo plan for 23% 29% 31% 47% 44% 66%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
25% 24% 17% 16% 9%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
Workforce Reductions
2233%%2299%% 3311%%
4477%% 4444%%
6666%%
1 to 4Employees
5 to 19Employees
20 to 49Employees
50 to 99Employees
100 to 499Employees
500+Employees
2255%% 2244%%1177%% 1166%%
99%%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
22% of organizations have furloughed/laid off/terminated employees since March 1, 2020
The typical organization has
reduced its workforce by 10%
22%78%
1 to 4
Employees5 to 19
Employees20 to 49
Employees
50 to 99Employee
s
100 to 499
Employees
500+Employee
sNo plan for 23% 29% 31% 47% 44% 66%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
25% 24% 17% 16% 9%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
Workforce Reductions
2233%%2299%% 3311%%
4477%% 4444%%
6666%%
1 to 4Employees
5 to 19Employees
20 to 49Employees
50 to 99Employees
100 to 499Employees
500+Employees
2255%% 2244%%1177%% 1166%%
99%%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
22% of organizations have furloughed/laid off/terminated employees since March 1, 2020
The typical organization has
reduced its workforce by 10%
22%78%
1 to 4
Employees5 to 19
Employees20 to 49
Employees
50 to 99Employee
s
100 to 499
Employees
500+Employee
sNo plan for 23% 29% 31% 47% 44% 66%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
25% 24% 17% 16% 9%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
Workforce Reductions
2233%%2299%% 3311%%
4477%% 4444%%
6666%%
1 to 4Employees
5 to 19Employees
20 to 49Employees
50 to 99Employees
100 to 499Employees
500+Employees
2255%% 2244%%1177%% 1166%%
99%%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
22% of organizations have furloughed/laid off/terminated employees since March 1, 2020
The typical organization has
reduced its workforce by 10%
Survey #2 in Industry Insights’ COVID-19 Series
Action Steps:
Since March 18, many more
organizations are now distancing their
employees and have canceled all in-
person meetings and group activities.
Most companies also now have at least
some employees working from home
and many are working flexible schedules.
The wide availability of hand sanitizer
and daily office cleanings remain very
common.
The current crisis has not pushed many
more companies to develop a disaster
recovery plan. Slightly less than half
(46%) of all organizations have a formal
plan in place for handling common
disaster scenarios. The largest companies
are the most prepared (65% have a
formal disaster plan), while just 23% of
the smallest companies have developed
a formal plan. Between March 18 and
April 9, more companies developed plans
to extend sick pay (24% vs 20%) and
major employee absenteeism (25% vs.
23%).
22%78%
1 to 4
Employees5 to 19
Employees20 to 49
Employees
50 to 99Employee
s
100 to 499
Employees
500+Employee
sNo plan for 23% 29% 31% 47% 44% 66%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
25% 24% 17% 16% 9%
Organizations with Formal Disaster Plans in Place by Staff Size
Scenarios in which Organizations Have a Formal Plan
Workforce Reductions
2233%%2299%% 3311%%
4477%% 4444%%
6666%%
1 to 4Employees
5 to 19Employees
20 to 49Employees
50 to 99Employees
100 to 499Employees
500+Employees
2255%% 2244%%1177%% 1166%%
99%%
Major employeeabsenteeism
Extendedsick pay
Prioritizingcustomers
Suspendingoperations
Identifyingalternative suppliers
22% of organizations have furloughed/laid off/terminated employees since March 1, 2020
The typical organization has
reduced its workforce by 10%
22%47%31%
udec 32% 68%no 56% 44%
yes 11% 89%
The Future
Could you add a nice looking legend
When do you anticipate this will be over and your company’s day-to-day operations will return to pre-COVID-19 status?Never 3% 97% 8More than 27% 73% 71 to 2 year 27% 73% 67 to 12 mo 22% 78% 54 to 6 mon 10% 90% 42 to 3 mon 7% 93% 31 to 2 mon 1% 99% 2Less than 1 2% 98% 1
In-Office W Company T Participation in Large Group Activities (conferences, events, exhibits, etc.)Immediate 75% 49% 31%Return in 1 18% 33% 40%Return in 4 6% 18% 29%Never retu 1% 1% 0%
Expectations for a Return to Pre-COVID-19 Day-to-Day
Operations Status
Expectations of When Organizations will Return to Pre-COVID-19 Operations Status Once "Stay-at-Home" Orders/Directives are Lifted
Plans to Apply for a Loan through the Economic Injury Disaster Loan (EIDL) Program
This is a new section we may need to include on this page
Never
More than 2 years from now
1 to 2 years from now
7 to 12 months from now
4 to 6 months from now
2 to 3 months from now
1 to 2 months from now
Less than 1 month from now 2%
26%
28%
22%
11%
7%
1%
2%
YesPlan to apply for EIDL Loan
NoDo not plan to apply for EDIL Loan
UndecidedWhether to apply
11%
56%
32%
7755%%
4499%%
3311%%
1188%%
3333%%
4400%%
66%%
1188%%
2299%%
Organization Travel (domestic)
Participation in Large Group Activities (conferences, events, exhibits, etc.)
In-Office Workforce (most employees)
THE FUTURE
P ROV I D E D BY
COVID-19IMPACT AND IMPLEMENTATION SURVEY EXECUTIVE SUMMARY
ACTION STEPSPlans to Apply for a Loan through the Paycheck Protection Program
Expectations for a Return to Pre-COVID-19 Day-to-Day Operations Status
Survey #2 in Industry Insights’ COVID-19 Series
Expectations of When Organizations will Return to Pre-COVID-19 Operations Status Once “Stay-at-Home” Orders/Directives are Lifted
Plans to Hire Back Recently Furloughed/Laid Off Employees Once Loan is Disbursed
22%47%31%
udec 16% 84%no 49% 51%
yes 35% 65%
Plans to Apply for a Loan through the Economic Injury Disaster Loan (EIDL) Program
YesPlan to apply for EIDL Loan
NoDo not plan to apply for EDIL Loan
UndecidedWhether to apply
35%
49%
16%
YesNo
Undecided
Plans to Apply for a Loan Through the Economic Injury Disaster Loan (EIDL) Program
You can delete data labelsand add through indesign 8-Apr Inverse 8-Apr Inverse
undecided 16% 84% 35% 65%no 59% 41% 6% 94%
yes 35% 65% 59% 41%
udec 32% 68%no 56% 44%
yes 11% 89%
The Future
When do you anticipate this will be ov er and your company’s day-to-day operations will return to pre-COVID-19 status?Never 2% 98% 8More than 1% 99% 71 to 2 yea 7% 93% 67 to 12 mo 10% 90% 54 to 6 mon 22% 78% 42 to 3 mon 27% 73% 31 to 2 mon 27% 73% 2Less than 3% 97% 1
In-Office W Company Participation in Large Group Activities (conferences, events, exhibits, etc.)Immediat 75% 49% 31%Return in 18% 33% 40%Return in 6% 18% 29%Never ret 1% 1% 0%
Paycheck Protection Hire BackRadial Bar Source Data
Expectations for a Return to Pre-COVID-19 Day-to-Day Operations Status
Expectations of When Organizations will Return to Pre-COVID-19 Operations Status Once "Stay-at-Home" Orders/Directives are Lifted
Plans to Apply for a Loan through the Economic Injury Disaster Loan (EIDL) Program
This is a new section we may need to include on this page
Plans to Apply for a Loan through the Paycheck Protection Program
Plans to hire back recently furloughed/laid off Employees Once Loan is Disbursed
Never
More than 2 years from now
1 to 2 years from now
7 to 12 months from now
4 to 6 months from now
2 to 3 months from now
1 to 2 months from now
Less than 1 month from now 3%
27%
27%
22%
10%
7%
1%
2%
35%
49%
16%
YesPlan to
NoDo not plan to apply
UndecidedWhether to apply
YesPlan to hire
NoDo not plan to hire back
UndecidedWhether to hire back
59%
6%
35%
YesPlan to apply for EIDL Loan
NoDo not plan to apply for EDIL Loan
UndecidedWhether to apply
11%
56%
32%
7755%%
4499%%
3311%%
1188%%
3333%%
4400%%
66%%
1188%%
2299%%
Company Travel (domestic)
Participation in Large Group Activities (conferences, events, exhibits, etc.)
In-Office Workforce (most employees)
22%47%31%
udec 32% 68%no 56% 44%
yes 11% 89%
The Future
Could you add a nice looking legend
When do you anticipate this will be over and your company’s day-to-day operations will return to pre-COVID-19 status?Never 3% 97% 8More than 27% 73% 71 to 2 year 27% 73% 67 to 12 mo 22% 78% 54 to 6 mon 10% 90% 42 to 3 mon 7% 93% 31 to 2 mon 1% 99% 2Less than 1 2% 98% 1
In-Office W Company T Participation in Large Group Activities (conferences, events, exhibits, etc.)Immediate 75% 49% 31%Return in 1 18% 33% 40%Return in 4 6% 18% 29%Never retu 1% 1% 0%
Expectations for a Return to Pre-COVID-19 Day-to-Day
Operations Status
Expectations of When Organizations will Return to Pre-COVID-19 Operations Status Once "Stay-at-Home" Orders/Directives are Lifted
Plans to Apply for a Loan through the Economic Injury Disaster Loan (EIDL) Program
This is a new section we may need to include on this page
Never
More than 2 years from now
1 to 2 years from now
7 to 12 months from now
4 to 6 months from now
2 to 3 months from now
1 to 2 months from now
Less than 1 month from now 2%
26%
28%
22%
11%
7%
1%
2%
YesPlan to apply for EIDL Loan
NoDo not plan to apply for EDIL Loan
UndecidedWhether to apply
11%
56%
32%
7755%%
4499%%
3311%%
1188%%
3333%%
4400%%
66%%
1188%%
2299%%
Organization Travel (domestic)
Participation in Large Group Activities (conferences, events, exhibits, etc.)
In-Office Workforce (most employees)
YesNo
Undecided
Action Steps:
More than 1/3 of organizations plan to apply for a loan through the Paycheck Protection Program of the CARES Act, and 11% plan to apply for a loan through the EIDL Program. Most companies plan to rehire their recently furloughed/ laid off employees once their loans are received.
The Future:
The timeline has been pushed for when organizations expect the stay at home ban to be lifted and their daily operations will return to a pre-COVID-19 state. For the March 18 survey, respondents noted a general plan that things should return to normal by May 15. That envisioned date for normalcy is now targeted by most as sometime in mid-July.
The most positive findings from this survey are the expectations for how quickly organizations will return to their offices, traveling, and large group events and conferences. Three out of four companies plan to immediately return their workforce to the office once the ban is lifted (93% plan to return within 3 months). Company travel is expected to also quickly resume after the ban, with 82% reporting it will be resumed within 3 months. Though it may take longer for companies to adjust back to large group events and conferences, 31% reported they will immediately resume, and 71% said they will resume large group events within 3 months.
May
15July
10
Less than 1 month 1 to 3 months 4 months or more Never
(March 18) (April 9)
22%47%31%
udec 35% 65%no 6% 94%
yes 59% 41%
Plans to Apply for a Loan through the Economic Injury Disaster Loan (EIDL) Program
YesPlan to apply for EIDL Loan
NoDo not plan to apply for EDIL Loan
UndecidedWhether to apply
59%
6%
35%
YesNo
Undecided
Candice: Can you somehow round the edges (see image)
Please add nice looking legendlight blue = Last YearDark Blue = Current
I don't know if I like the directional arrows are just an idea. Do you have ideas to make this look nice?
Note: All charts and text are editable if you need to update colors
15%
15%
11%
19%
9%
4%
Percent of Respondents Region
3%
9%8%
Respondents by Company Type
Number of Employees
Respondents by Jurisdiction Classification
All Locations Deemed Essential
Non-Essential
Some Locations Deemed Essential
50%
32%
18%
Portion of Employees Working Remotely
60%
14%
12%
10%
5%
6%
2%
2%
58%
33%None
1% to 20%
21% to 50%
51% to 70%
More than 75%
P ROV I D E D BY
COVID-19IMPACT AND IMPLEMENTATION SURVEY EXECUTIVE SUMMARY
PROFILE
Respondents by Region
Respondents by Organization Type
Number of Employees
1 to 4 . . . . . . . . . . . . 12%
50 to 99 . . . . . . . . . . . 7%
5 to 19 . . . . . . . . . . . 12%
100 to 499 . . . . . . . 21%
20 to 49 . . . . . . . . . . 12%
500 or More . . . . . . 36%
Manufacturer 3%
Service Provider to Organizations 52%
Service Provider to Individuals 16%
University/Academic 5%
Other 40%
About Industry Insights, Inc:
Industry Insights is a research and data analytics firm that has been serving the research needs of trade and professional associations, dealer organizations and other affiliated groups since 1980. The firm specializes in providing high-quality research services that assist such organizations in better fulfilling the informational and educational needs of their members.
As a group of CPAs, Statisticians, and IT professionals with decades of experience in providing survey research solutions for trade and professional associations, Industry Insights excels in defining methods and tools that provide relevant and user-friendly information for each client. Industry Insights serves as an objective third party and ensures the confidentiality of respondents’ data. Industry Insights welcomes questions about this survey. We may also be able to put you in touch with client contacts who could more specifically provide details and context regarding their members’ strategies.