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Marine Industry Supply Chain Challenges Improved in July

CEO survey 1

The National Marine Manufacturers Association gave a glimpse into results of its latest CEO survey, taken in July, to get a reading on how the pandemic is affecting marine businesses during the coronavirus pandemic.

Preliminary results show that 58 percent of marine manufacturers are facing supply chain disruptions — a large number, but a substantial improvement over the 71 percent who reported disruptions in the early days of the pandemic.

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Those reporting disruptions came from across all sectors — boatbuilders, as well as engine and accessories manufacturers — according to NMMA business intelligence director Vicky Yu.

“Fifty-eight percent is still a lot of businesses, though, that have been forced to navigate through these pandemic impacts — with some that have been more nimble than others in diversifying their supplier network and managing the change,” Yu told Trade Only Today.

Look for more coverage of the CEO survey results in Trade Only in the coming week.

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