COVID-19 – A Report on the Impact on Business

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Eli Diament’s company has recently released a comprehensive report on how the current pandemic has affected business, including  a summary of findings from their national survey of Americans, executives, business owners and business decision makers.

Azurite Consulting recently surveyed 3,500 Americans , in partnership with PeakProsperity.com –  to capture a unique view of COVID-19’s impact on spending, hiring and business decision making. This is the second survey in a longitudinal study, capturing the granular impacts of Covid-19 and paths forward. We plan to continue the study, with the next ‘data point’ survey in Q3, 2020. The original research is available here.

This article highlights a subset of the major research findings, but is only a portion of the total findings.

 

The contents of the report include:

 

  • Business Outlook:  Slow L-Shaped recovery
  • Permanent Layoffs: Fewer Employees Will be Hired Back
  • Business Cutting Expense: Projected to Continue Through 2020
  • Digital Tools: Their Impact on Jobs and Work-Life Balance
  • Working From Home:  Is it Permanent?
  • People & Business Geographic Migration
  • Returning to the Office and School
  • Daily Activities: How Long Will People Wait to Return?
  • Changes in Spending & Time: Millennials Driving Spend
  • Returning to Daily Activities: Broken Out by Activity Type

 

Download the full report, Impact of Covid-19 On Business Decision Making, Spending & Recovery – JULY 2020, from the Azurite Consulting website.