Kreischer Miller’s recent Greater Philadelphia Manufacturing Pulse Survey about the business impact of the coronavirus was featured in March 9, 2020 articles in Philadelphia Business Journal and the Philadelphia Inquirer.
Philadelphia Business Journal noted that manufacturers in the region are preparing for disruptions to their supply chains and reduced staffing levels as COVID-19 continues to spread across the U.S. and abroad. Michael A. Coakley, director of Audit & Accounting and leader of Kreischer Miller’s Manufacturing Industry Group, noted that manufacturers are likely to be hit harder than some other industries because so much of their operations are reliant on their supply chains, which often include overseas elements. They also don’t have the advantage of being able to allow all of their employees to work from home, like software companies might, in case of a major local outbreak. Read the full story on Philadelphia Business Journal’s website.
The Philadelphia Inquirer highlighted the sentiments of several respondents, who felt that it was important to prepare but not panic, which could cause more economic harm than the virus itself. As one survey taker put it, “Let’s not overreact. It’s not that I’m not concerned. But I think we have to take it day-to-day and see where this thing goes. The more you know, the better you will be with making decisions.” Read the full story on the Inquirer’s website.