2020 Indiana Manufacturing Survey: COVID-19 Special Edition
State of Hoosier Manufacturing
2020 Survey Results
The results are in from the 2020 Indiana Manufacturing Survey: COVID-19 Special Edition. They reveal that in a year of unpredictable outcomes and business projections, the manufacturing industry took a hit early in the COVID-19 pandemic but is bouncing back to end the year strong.
Conducted by Katz, Sapper & Miller in partnership with Indiana University’s Kelley School of Business at IUPUI and the Indiana Manufacturers Association, the survey garnered responses from more than 100 Indiana-based manufacturing companies and found 93% of respondents think their business will survive the impact of the pandemic.
Survey respondents cited many reasons for survival. Chief among them were the Paycheck Protection Program (PPP) and adaptation of business practices – diversifying supply chains, closing operations, accelerating automation changes, implementing social distancing, limiting outside visitors, requiring face masks, and more.
The survey, now in its 14th year, is focused on operational areas directly affected by COVID-19 and provides insights into strategies and tactics used by the manufacturing industry to survive the pandemic.
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Keeping you updated on COVID-19 and its impact on businesses and individuals.