The COVID-19 pandemic has had a significant impact on businesses around the world, with many countries forcing non-essential businesses to shut their doors in order to slow the spread of the virus. What follows is a chronological list of manufacturer announcements, closures and statements cataloguing the reactions of the industry to this growing situation.
The Assn. of Equipment Manufacturers (AEM) is calling on the federal government to develop and implement a comprehensive national strategy for manufacturing to strengthen the economy and create new jobs and opportunities.
In response to the spread of COVID-19, uncertain economic conditions resulting in reduced demand and potential constraints on its supply chain, the company is reducing manufacturing activity at several of its manufacturing facilities and has temporarily shut down others.
The latest episode of On the Record is now available! We hope all of our readers and viewers are staying safe during these unprecedented times. In this week’s episode we provide details on how some of the taxation and lending provisions of the CARES Act will help farm equipment dealerships. In the Technology Corner, Jack Zemlicka shares how some dealers are using remote support amid restrictions put in place because of COVID-19. Also in this episode: Titan Machinery annual revenues were up 3.5%, CNH Industrial announces management changes and Raven Industries acquires the remaining shares of Dot Technology.
Rocky Mountain Dealerships (TSX:RME), Canada's largest agriculture equipment dealer, announced an update with respect to the impact from the COVID-19 virus outbreak on its current operations.
According to a report from Global Atlanta, Kubota has closed its two manufacturing plants in Georgia through April 13, located in Gainesville and Jefferson. The plants will be disinfected following 3 of Kubota's employees being diagnosed with COVID-19.
CNHI has announced the withdrawal of its financial outlook for 2020 presented on Feb. 7,
2020. In addition, the company is suspending the majority of its manufacturing operations in North and South America for a two-week period, starting March 30.
5 top executives at Briggs & Stratton Corp. will take a combined annualized $1 million cut to their base salaries in response to the coronavirus pandemic.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.