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COVID Impact Survey

COVID Impact Survey

December 22, 2020

Thank you for participating in the most recent edition of our COVID Impact SurveySee the latest results from the BC Chamber.

Survey Results

  • Impacts on businesses from the COVID-19 pandemic are similar to those reported in previous pulse checks. The most common impact continues to be decreased sales volume, reported by 72% of businesses.
  • 51% (higher proportion than in the past) reporting increasing operating costs, likely due to costs associated with new restrictions.
  • 62% of businesses report that their revenue has decreased by over 25% since the pandemic began.
  • 22% of businesses report that they expect to operate for 6 months or less given current restrictions, support measures, and operating costs.
  • Businesses report that top factors limiting their ability to increase sales or production include:
    • Insufficient domestic demand (50%)
    • Shortage of working capital (25%)
    • Insufficient foreign demand (24%)

Read the full report here.

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