Recent findings from a CECE (Committee for European Construction Equipment) flash survey paint a gloomy picture for the European CE Industry facing the consequences of the COVID-19 outbreak.
With 32% of respondents pointing to significant reduction and 30% reporting factory closures, it is evident that the impact on production and manufacturing is already severe. Only 3% report not being effected at all.
In the second question of the survey, respondents identify the main challenge for the construction equipment industry. The strongest single concern relates to the behaviour of relevant customers’ groups. Indeed, prolonged construction inactivity – jobsites closing down and projects being delayed – is worrying half of the respondents in the CECE survey. Disruptions in the supply chain and general manufacturing shutdowns are identified as the main challenges by over 1/3 of the respondents.