Coronavirus: What companies can do in the current situation

Issued at 2020-03-30

There is no question about it: In 2020, the economy will decline sharply due to the coronavirus. The current situation is still confusing. Therefore, clear recommendations for action from the scientific community as well as strong support from politicians will be crucial in the near future. Companies can implement these steps promptly in order to make the best out of the crisis.

VDMA: A quick survey reveals uncertainty in the industry

On March 17, the German Engineering Federation (Verband Deutscher Maschinen- und Anlagenbau e. V.) published a study that shows the status quo of the industry on average. Approximately 1,000 companies participated in the survey. As many as 59 per cent had already observed "significant impairments in operational processes as a result of the spreading of the coronavirus". There were 7,500 confirmed corona cases in Germany at the time of publication.



The survey results of the Association of German Metal and Plant Engineering are alarming even at the start of the corona pandemic. © VDMA

State support is assured

Recommendations for action: This is how the business can be balanced out


Source: GIFA