Today’s rapidly changing economic climate has affected the forging community unequally, depending on which economic sectors companies serve. A post-crisis rebound strategy may help you decide how to cope with a reopening economy. Here are some matters to consider, in Q&A format, as your operation moves into the next economic phase.
August 12, 2020
The COVID-19 pandemic has changed the forging landscape –seemingly overnight. With many in the industry initially expecting the impact to last a matter of weeks, most forgers are now preparing for a much longer recovery period that will likely last into early 2021.
It looks like COVID-19 issues will continue to affect business for the foreseeable future. In our previous column, we introduced a cash-flow management tool. We hope you were able to download the tool and instructions.
Only 10 weeks have passed since I wrote my last column in mid-March, but the world has changed so much that it seems a lifetime ago. The phrase “going viral” has gone full-circle and come back to its original and more literal meaning.