Study of the impact of COVID on industrial companies of the Valencian region

A study carried out in CEGEA by Elies Seguí, Guillermina Tormo, Xavier Molina and Luis Martínez reflects "devastating effects" of the pandemic in the industry but also "hopeful signs" in the response of SMEs, including the promotion of innnovation.

The study, based on a sample of 520 companies -from ten different sectors-, shows that the pandemic has had a great impact on current and future sales with a greater effect for small companies and that his impact is uneven according to the activity sector. In the three most affected sectors, the data are as follows: in the toy sector, 8 out of 10 of the firms consulted claim to have suffered a decrease in their sales; in footwear, 9 out of 10; and the percentage reaches 100% in the automotive industry,

This is extracted from the "Study of the impact of COVID on industrial companies" carried out as an iniciative of the Conselleria de Economía Sostenible, through their collaboration with the Universitat Politècnica de València by its Chair of Valencian Economy and the Centre for Research in Business Management (CEGEA).

Results were presented last week in the Ciudad Administrativa 9 d'octubre and the complete document can be downloaded here