Quarterly Report Q4 2020

Business Response: Covid 19

Figures show that, out of all industries, Manufacturing has been the most reliant on the government wage subsidy and reducing salaries to 80%. Outside of FMCG, most businesses in this space experienced a full shutdown of their production, combined with service contracts being significantly affected for those trading internationally. Many non-FMCG manufacturers could be the slowest to recover from the Covid-19 lockdown.