Thus, JEC Group mandated Explori, an audience listening platform, to perform a survey* among 1.500 international respondents in May and October 2020 to evaluate the impact of COVID 19 on their company. Many industrials are looking forward to the future with much optimism. Here are some takeaways.

1 Out of 2 company remains optimistic about the future

A very resilient and robust industry although an economic downturn

On a global scale, the composites industry has resisted much the impact of COVID 19

• • 64% of companies are operating at 76%-99% of their capacity showing a positive sign of recovery post-COVID 19.
  

• • Half of the respondents have shown concerns over business opportunities. The crisis has pushed them to reinvent themselves shortly to support production capacities and avoid downturns.
  

• • Only 25% express concerns regarding innovation and R&D. Their main objective is to turn to more investment in R&D to innovate in the future.
  

Change of supply chain strategy to avoid relying on external providers

The survey revealed that 50% of the respondents changed materials suppliers to cope with supply chain issues. Many have changed their foreign providers to turn to local ones to avoid supply chain delays, and 70 % plan to remain on the same path in the future.

Also, 25% of the companies have switched their production to manufacture healthcare production in May, 30% of them will continue in the long run showing a growing interest in this sector.