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Thomas Industrial Survey: COVID-19's Impacts on North American Manufacturing

April 2020

Download the latest Thomas Industrial Survey Report

Thomas, North America's leading industrial sourcing and marketing platform, surveyed over 2,700 manufacturing companies in February, March and April 2020 to understand COVID-19’s ongoing impacts on North American manufacturing. Our expert report uncovers the following:April Webinar eBook Cover-1

  1. Key Insights: Manufacturers report a significant jump in COVID-19-related impacts (89%), compared to March (45%).
  2. Industry Trends: Manufacturers work on restructuring as 44% have already experienced or are planning layoffs, while 31% are hiring.
  3. Increased Reshoring Interest: Two-thirds of the companies stated they are likely to reshore; of those companies, 20% stated they are extremely likely to reshore, compared to only 9% in March.
  4. Firmographics: Key surveying groups include Original Equipment Manufacturers, Custom Manufacturers, and Distributors with a mix of SMBs and global corporations.

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