Survey: Over 9 in 10 engineering services firms fear impact of coronavirus
Over nine in 10 engineering services businesses (93 per cent) say they are ‘concerned or very concerned’ about the impact of coronavirus on their business over the next six months, according to initial responses to a major new ECA / BESA / SELECT engineering services survey.
Over sixty percent of respondents are ‘very concerned’ about coronavirus while perhaps remarkably, one per cent of respondents suggested they were ‘unconcerned’.
Half of the engineering services respondents (51 per cent) said that they have already encountered ‘delays and disruptions to current projects’, with 61% of larger businesses reporting current disruption.
Around half of respondents already report ‘delays and disruption to future work’. Over half of respondents (53 per cent) said they were now ‘preparing business contingency plans’ as a result of developments, a figure which rose to 71% in larger businesses.
“Coronavirus is already having a significant impact across our industry and wider society," said ECA CEO Steve Bratt. "ECA is aware that many businesses are already encountering work delays, site access issues and cancellations.
“We are actively working with industry bodies and Government to represent the concerns and interests of the industry. Key to this is ensuring that Government understands that early, significant and practically useful support is needed to help our industry with cashflow, but also to provide as much certainty as possible”.