No way back: Many SMEs expect the coronavirus crisis to have a lasting impact on product demand

The coronavirus pandemic has dramatically changed our patterns of consumption and behaviour. Some of these changes are likely to remain in place even after the end of the pandemic. The findings of a special survey conducted as part of the KfW SME Panel show that this will have a lasting impact on demand for products and services provided by small and medium-sized enterprises (SMEs) in Germany. Around 14% of SMEs expect stronger demand for their products and services after the crisis. But at the same time, 17% of SMEs expect a permanent drop in demand. The affected segment of the business sector will probably not be able to avoid a transformation process. The task will be to support this process with appropriate promotional measures and workforce training programmes.

No way back: Many SMEs expect the coronavirus crisis to have a lasting impact on product demand(PDF, 158 KB, non-accessible)

Press release