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Amcham Members Flash Survey Results
Amcham sent out the second 90-second survey on the impact of the COVID-19 pandemic on companies’ operations and strategy to our members on 18th March.
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1. There were 357 cases confirmed.
2. The Finnish Government, jointly with the President of Finland, declared a state of emergency due to COVID-19.
3. The head of THL, Markku Tervahauta claimed that the actual number of COVID-19 cases might be 20—30 times higher than what had been confirmed.
4. The Government also announced they had decided to take the following measures until 13 April, after approval by the Parliament of Finland:
- All schools will be closed, not including early education.
- Most government-run public facilities will be shut down.
- Critical personnel will be exempted from the Working Hours Act and Annual Holidays Act.
- At most 10 people can participate in a public meeting.
- Preparations for the shutdown of borders will start, and citizens or permanent residents returning to Finland will be placed under a 2-week quarantine.
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Which positive outcomes, if any, will your company in Finland experience as a result of changes forced by the COVID-19 outbreak?
“Our company is supplying medical equipment for intensive care units in hospitals. Therefore, our biggest challenge right now is how to be able to deliver all the increased orders, make sure we get parts around the world and additional people hired.”
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- As of March 18th 2020, 41,4% of the respondents is from small companies, while 29,4% is from medium-sized business (51-500 employees).
- The other 29,4% comes from larger firm, with more than 500 employees in Finland approximately.
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- Out of the respondents, 47,1% 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 (41,2%) rated a score of 8.
- 17,6% estimated the impact to be greatly significant – at a scale of 10, while 11,8% selected a score of 5 and under.
- The average assessment of COVID-19’s impact to the respondents is 7,9 out of 10.
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- As of 10th March, Sales is the most affected business area among the surveyed members, at 82,4%.
- Finance was the area COVID-19 had the least impact among businesses, at only 5,9%.
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- By March 18th, 52,9% of the respondents’ organizations has not considering temporary layoffs or permanent redundancies in Finland as a direct result of COVID-19.
- Temporary layoffs is considered among 35,3% of businesses surveyed.
- 11,8% is considering redundancies.
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- Most of the respondents (94.1%) estimated that they will be able to return to normal operations in Finland in Summer and Fall 2020.
- Notably, there are 5.9% of the surveyed predicted their operations will operate normally after Winter 2021.
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Positive outcomes for business as a result of COVID-19 outbreak:
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“Collectiveness: we fight COVID-19 together.”
[/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=””]
“Increased open communication between employer and employees, an increase in the humane perspective on work.”
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“Strong brands are surviving and we are the one! Regarding Category Leadership, Brand Positioning and Customer Experience Kantar research will help companies to find out relevant actions.”
[/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=””]
“Solidarity, efficiency.”
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“How to effectively use technology to work from home.”
[/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=””]
“Developing new type of services with a short lead time.”
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