Global Survey on impact of COVID-19 among Dutch companies
Research among 754 Dutch business in major countries around the world show that the impact of the Covid 19 crisis has been severe. Umbrella organisation NLinBusiness together with 15 linked Business hubs around the world, including our Chamber of Commerce, conducted a second global survey to measure the worldwide impact of the corona virus on international trade. Below you can find some of the main findings of the survey. You can download the full report below.
- 90% of Dutch business abroad expect negative impact on turnover.
- An average decrease of 46% of 2020 turnover is expected.
- Smaller companies (<10 employees) fear to lose an average 60% while companies with 250+ employees expect a decrease of 26%.
The main findings
Businesses based in the Netherlands expect a decrease of 40% of turnover in 2020. Dutch businesses in Portugal, France and the rest of Southern Europe expect to lose even more up to 50 to 75% of their 2020 turnover. Dutch businesses in Belgium, Germany, and South-East Asian countries expect to lose up a third or a quarter of 2020 turnover.
- 73% of Dutch businesses have already lost clients and 43% experience cash flow problems
- 60% of importing and exporting companies face (heavily) increased trade barriers. Nearly one in three Dutch business within the EU is confronted with supply chain disruptions
- 35% of importing and exporting Dutch businesses abroad feel they face higher trade barriers than local companies. This goes for both inside and outside the EU.
- Only 18% of Dutch business abroad feels supported by the economic policies of the local authorities. Dutch businesses in Germany, Belgium, the Netherlands and France are rather positive, while Dutch businesses in Portugal, Spain, Russia, and Malaysia feel they receive little support from local or national authorities. 40% feels that these policies are less accessible to them than to local business, with Portugal being a positive exception with only 13%.
- 51% of Dutch Businesses abroad want to hear success stories on how other entrepreneurs cope with the Corona crisis.
- 45% of the respondents feel supported by their local NL Business Hubs or Bilateral Chambers of Commerce.
The full report can be read here: 2020-05-12 Report 2nd Global Corona Survey NLinBusiness.pdf