A survey of 324 woodworking businesses finds that the coronavirus pandemic is still having a negative effect. Three-fourths of respondents said the outbreak has had a major or serious impact on their business. Two-thirds report experiencing a loss of business (up from just over one-half a month ago), and 5 percent are considering a permanent shutdown. One in three have reduced their workforce. About two-thirds are in states where woodworking was designated as an essential business, but many are experiencing uncertainty about the availability of state and federal aid.
Key Takeaways:
- 77 percent say the virus has had a major or serious impact on their business.
- One-third of woodworking businesses report reducing their workforce, the same level as a month ago.
- Few businesses have been hit with COVID-19 directly; 95 percent have no infected employees.
“Woodworking Network repeated its survey of the industry done a month ago to see what if anything had changed in industry perception and reaction to the crisis.”
Read more: https://www.woodworkingnetwork.com/news/covid-19/woodworking-firms-see-increasing-virus-impact
