The National Center for the Middle Market surveyed 260 U.S. executives from March 23 to March 25, 2020. Among their key findings:
COVID-19, not surprisingly, will have a negative or catastrophic immediate impact on middle market businesses.
Short and long-term growth projections have dropped.
Supply chains and cash access are two of the biggest challenges.
Most of the companies still expressed confidence in their ability to come back. They expect demand to increase and currently remain more confident than they did coming out of the Great Recession.
Read the report and download a summary infographic here >>