Thread by @KAM_Kenya

#KPMGManufacturingSurvey

Manufacturers' top priorities - reducing costs, job retention and improving cash flows

#KAMCares

#KPMGManufacturingSurvey
More than 90% of manufacturers have adhered to workplace guidelines and protocols to curb the spread of #COVID19KE.

91% of non-essential goods manufacturers have seen a significant fall in demand.
#KAMCares

#KPMGManufacturingSurvey

42% of manufacturers are currently operating at half capacity with the average utilized capacity for SMEs being 37%

76% are facing difficulties in sourcing of raw materials with 67% facing challenges in accessing markets.

#KAMCares

#KPMGManufacturingSurvey

79% of manufacturers are experiencing cash flow constraints, with 86% of SMEs facing the same. This affects their ability to meet their financial obligations.

#KAMCares

#KPMGManufacturingSurvey

Manufacturers' priorities before #COVID19KE were to increase profitability, increase revenue & increase domestic market share. Current priorities are reducing costs, retaining jobs, and improving cash flow.

#KAMCares

#KPMGManufacturingSurvey

To respond to the heightened demand for Covid-19 related goods, 23% of manufacturers from 10 out of the 14 sectors have either shifted their focus or ramped up
production of essential goods.

#KAMCares

#KPMGManufacturingSurvey
Businesses are playing their role in limiting the spread of Covid-19, by introducing accessible sanitization points around the premises, practising social distancing, providing PPEs such as masks and gloves and launching awareness campaigns

#KAMCares

#KPMGManufacturingSurvey

To resolve cash flow challenges, manufacturers have negotiated payment plans with their suppliers, customers, banks and sought additional financial support from other individuals and institutions.

#KAMCares

#KPMGManufacturingSurvey
30% of SMEs have experienced a loss of between 65-100% and 49% reported losses of between 30-64%.

Start-ups and those in decline are the most vulnerable group of all participants reporting a loss in turnover

#KAMCares