Kip Insert

AEM continues to raise awareness about the impact of COVID-19 on equipment manufacturers’ operations, supply chains, and many of our 2.8 million men and women, and the solutions needed to keep demand for the industry while also helping to rebuild the U.S. economy.

AEM’s Senior Vice President of Government and Industry Relations Kip Eideberg recently joined Sandra Smith on Fox News’ America’s Newsroom to discuss the findings of the association’s recent COVID-19 survey and to highlight the pandemic’s impact on equipment manufacturers. As the survey made clear, right now the two biggest challenges for our industry are plummeting demand and stressed supply chains.

The survey of 105 presidents, CEOs, and owners of leading equipment manufacturers offers insights into the effects of the COVID-19 pandemic on the economy, the industry, their companies, supply chain and manufacturing operations, their financial expectations, as well as the challenges they face and specific ways the federal government can keep equipment manufacturing strong and ensure the nation’s economic resilience.

During the interview, Sandra Smith asked “Is spending more money the right way to get us out of it? Because I know you’re pleading for more relief for your industry.”

AEM’s Eideberg said in response, “The vast majority of equipment manufacturers are open and on the job, and have found ways to do so while keeping their employees healthy and safe. However, in order for us to stay in business, and for our suppliers to stay in business, we need to significantly increase demand for equipment and that’s why we are looking to Congress to prioritize a significant investment in infrastructure so that we can not only create construction jobs but well-paying manufacturing jobs across the country.”

AEM’s recent survey found nine out of 10 executives cited a decline in demand for equipment as the primary impact of the COVID-19 pandemic on their business and that eight out of 10 executives would like to see a significant investment in infrastructure to help keep equipment manufacturers in business during the crisis and set the stage for the economic recovery.

Watch the full interview.

Also, this weekend, The Wall Street Journal published a story, Construction Work Resumes, But Demand Weakens, that cites findings from the survey. The story also highlights the lower demand for construction equipment, noting “90% of respondents to a recent survey by the Association of Equipment Manufacturers reported a drop in new orders” and discusses how equipment orders were cut after states deemed some projects nonessential.

For information and resources available for AEM members in response to COVID-19, please visit www.aem.org/covid19.

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