42% of companies that have shut down facilities don't expect to reopen for two to four weeks. 15% expect to wait at least another month.
Just one in three suppliers in a global survey said they are fully operational as the coronavirus that causes COVID-19 forces workers to stay at home and shutters stores, offices and manufacturing sites.
“We are only just starting to feel COVID-19’s impacts on supply chains,” said James Gellert, CEO at RapidRatings, a data and analytics company that assesses the financial health of private and public companies. “ “Despite business continuity measures in place, many companies expect significant degradation in their ability to deliver in the foreseeable future. These survey results give a first-hand perspective on the difficulties private companies around the world are facing, and they are extreme.” ”
See:Here’s a breakdown of the Fed’s expanded rescue programs to keep credit flowing during the pandemic
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