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Amcham Members Flash Survey Results
Amcham sent out a 90-second survey on the impact of the COVID-19 pandemic on companies’ operations and strategy to our members on 10th March.
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Finland’s COVID-19 situation by March 10th 2020:
[/fusion_title][fusion_separator style_type=”single solid” sep_color=”rgba(255,255,255,0.3)” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” bottom_margin=”30px” top_margin=”20px” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]1. There were 40 cases confirmed.
2. The Foreign Ministry updated its travel advice to avoid unnecessary travel to North-Rhine Westphalia and the Tyrol region of Austria, in addition to Italy.
3. WHO hasn’t declared COVID-19 as a pandemic and the U.S. travel ban hasn’t been announced by the time.[/fusion_text][fusion_separator style_type=”none” sep_color=”rgba(255,255,255,0.3)” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” bottom_margin=”20px” top_margin=”” /][/fusion_builder_column][fusion_builder_column type=”2_5″ layout=”1_5″ spacing=”” center_content=”yes” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”fade” animation_direction=”down” animation_speed=”1.0″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”true” margin_bottom=”” margin_top=””][fusion_testimonials design=”classic” navigation=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” backgroundcolor=”rgba(205,20,83,0.05)”][fusion_testimonial name=”” avatar=”image” image=”” image_border_radius=”” company=”” link=”” target=”_self” image_id=””]
Are there any other related measures that your business is taking as of March 10 2020?
“We have joined the fight against Coronavirus by participating in developing the vaccine.”
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- Out of the respondents, 54.5% of the survey members have their Headquarter in Finland, while the rest is from abroad.
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- When asked how significant the impact of the coronavirus will be on their businesses over the next three months on a scale of 1 to 10, the majority (21,8%) rated a score of 8.
- 6.1% estimated the impact to be greatly significant – at a scale of 10, while 42.4% selected a score of 5 and under.
- The average assessment of COVID-19’s impact to the respondents is 6.3 out of 10.
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- As of 10th March, Supply Chain & Logistics is the most affected business area among the surveyed members, at 39.4%.
- Finance was the area COVID-19 had the least impact among businesses, at only 3%.
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- By March 10th, 69.7% of the respondents’ organizations has restricted travel policy to epicenters, including China, Italy and Iran.
- Strict global travel ban was in place among 18.2% of businesses surveyed.
- 12.1% had no travel ban applied, as of March 10th.
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- On a scale of 1 to 10, over a half of the respondents (54.6%) rated the performance of the Finnish government in handling the COVID-19 containment 8 and above.
- Notably, there are still 3% of the surveyed ranked the government of Finland’s efforts in controlling the pandemic low, with a score of only 2.
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- Surprisingly, the March 10th survey results shows that most people were still willing to attend events in the next 3 months. 97% would still attend events, in which 18,2% of the respondents would only attend meetings and events of less than 10 people.
- 3% of the surveyed member companies will not join any meetings or events until June.
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Other related measures businesses are taking as of March 10th 2020:
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“Promotion of remote work.”
[/fusion_testimonial][/fusion_testimonials][fusion_testimonials design=”classic” navigation=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility”][fusion_testimonial name=”” avatar=”none” image=”” image_border_radius=”” company=”” link=”” target=”_self” image_id=””]
“Set up COVID-19 response team reporting directly to CEO. CEO will stay close to the board and audit/risk management committee.”
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“We are closely monitoring the situation and instructions will be updated and given respectively. People who are planning to travel receive information to support them.”
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“We are prepared to go virtual when need be.”
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“Reviewing and to some extent also putting into test business continuity and crisis Comms plans.”
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“Temporary lay-offs for Finland. Other measures are considered country by country with local regulations in mind.”
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