ATLANTA – All electronic component manufacturer representatives have seen their business disrupted to some degree by Covid-19, according to a new ECIA survey. Some 90% of members expect serious to severe impact on their business during the next two to three months.

At this point, no workforce reductions have been reported. Cost control measures have been put in place, and, by nature of reduced business travel, there have been offsets to normal operating expenses.

The good news is manufacturer representatives have been relatively successful in receiving approval and funding for their PPP loan applications but lag behind the overall small business community, according to ECIA. Eighty-six percent of manufacturer representatives applied for PPP loans, and 50% received approval, with most receiving funds at this point.

The survey was conducted between Apr. 28 and May 1.

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