According to a new survey by the American Equipment Manufacturers Association (AEM), although equipment manufacturers are adapting to the changing economic situation, three-quarters of American equipment manufacturers say that the impact of the new crown epidemic on the overall economy is still very negative Most manufacturers call on the government to invest in infrastructure.
More than 80% of the respondents said they want to see substantial investments in infrastructure to help equipment manufacturers maintain business development during the crisis and lay the foundation for economic recovery, including the immediate re-authorization of ground transportation bills.
Democrats recently proposed an infrastructure bill, and there are reports that Trump has been preparing his own bill.
In addition, 60% of executives said that because the industry continues to face falling demand and supply chain disruptions, the federal government has not done enough to support the industry.
US construction industry calls for infrastructure investment
US construction industry calls for infrastructure investment
Dennis Slater, President of the Equipment Manufacturers Association (AEM), said: "The new crown epidemic continues to have a negative impact on equipment manufacturers and 2.8 million men and women in our industry. We have seen member companies’ operations and financial prospects improve, But the industry still needs a long way to return to normal. Even if our industry continues to help our country build, develop and provide motivation, we have too many member companies that have no time."
As the United States responds to the ongoing new pandemic pandemic, equipment manufacturers, suppliers and distributors have basically remained open and continue to provide the necessary equipment to maintain the development of the United States and help lead the recovery and recovery of the U.S. economy . However, many equipment manufacturers are still struggling to retain employees, and 80% of the managers said they will not be able to re-employ workers who were laid off earlier this year.
The survey also shows that 36% of the respondents have laid off as many as half of their employees, and nearly one in ten respondents said they laid off at least half of their employees. About one-fifth of the respondents said that they have fired up to 10% of their employees.
Dennis Slater added: “Although equipment manufacturers are adapting to the new normal and reopening all of their facilities, which is very encouraging, the impact of this unprecedented crisis is far from over and will continue for a long time. Time. Equipment manufacturers have not yet received the support needed by the federal government, and therefore must take immediate and positive measures to support our industry."
The survey was conducted from May 28 to June 15, 2020, with a total of 102 respondents.
