The COVID-19 pandemic is already ushering in a host of challenges to US industrial manufacturers, especially those that depend on workers whose jobs cannot be carried out remotely. About 80% of manufacturers expect that the pandemic will have a financial impact on their business, according to a recent survey of the National Association of Manufacturers (NAM). That is significantly higher than the 48% of cross-industry companies that are concerned about the same impact, which is based on CFO responses to a recent PwC survey. The majority of those in the manufacturing sector (53%) expect COVID-19 to impact their operations, the NAM survey reported. Indeed, we are already seeing these grim expectations become a reality in the sector, amid plummeting oil prices and demand, supply chain bottlenecks, spending slowdowns and jitters over the credit markets.
A question like yours was raised in “Dear HBR”. I hope it will help you a lot in understanding what you should do, how you should cope with the situation and help your manufacturing units: https://hbr.org/podcast/2020/10/safe-workplaces
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath