Rental equipment suppliers are not well-equipped to weather the economic storm introduced by COVID-19 (coronavirus). Falling demand for goods and services, widespread initiatives to avoid nonessential person-to-person contact, poor performance among manufacturers and rising credit risk is causing demand for rental equipment to shrink.
Back to Work Guide: The Office of the Future
To facilitate a smooth shift from remote work to in-office work, ProcurementIQ has put together this forward-looking guide
Coronavirus Buyer's Guide - Construction
Construction firms’ risk exposure is augmented during economic downturns; the COVID-19 (coronavirus) pandemic is heightening such risk as contractors are facing supply chain disruption in addition to hindered demand.
Coronavirus Buyer's Guide - Work From Home Equipment & Services
Shelter-in-place policies are transforming the work environment and how businesses operate during the COVID-19 (coronavirus) pandemic. Buyers must consider a variety of factors, such as supply shortages, supplier financial health and fluctuations in demand for essential equipment and services, that affect businesses transitioning their workplace to work from home (WFH), also known as telecommuting.
Coronavirus Buyer's Guide - PPE & Sterilization Equipment
Personal protective equipment and sterilization equipment are two of the most commonly used tools deployed to limit the spread of COVID-19 (coronavirus). However, these products are currently limited in availability due to overwhelming demand.
Coronavirus Buyer's Guide - Insurance
Insurance companies have been thrust into the front lines of the COVID-19 (coronavirus) pandemic response. Suppliers in the market are experiencing high risk from financial pressure on reinsurance and investment companies and the potential for mass claims payouts.
Coronavirus Buyer's Guide - Legal Services
Legal service providers have historically suffered during recessionary periods and the economic impacts of the COVID-19 (coronavirus) pandemic are already affecting the industry. While traditional law firms are struggling with the transition to remote services, endemic online legal services suppliers are seeing a bump in demand.
Coronavirus Buyer's Guide - Tax, Audit & Accounting Services
Due to the necessity of tax, audit and accounting services, providers in the industry are expected to remain largely insulated from risk stemming from the COVID-19 (coronavirus) pandemic.
Coronavirus Buyer's Guide - IT Consulting & Support Services
IT-related companies are experiencing declining revenue from reduced investment in new future projects due to the COVID-19 (coronavirus) pandemic. However, demand is increasing from businesses seeking IT services to accommodate new online purchasing systems and work-from-home setups.
Coronavirus Buyer's Guide - BPO Services
The impact of the COVID-19 (coronavirus) pandemic on business process outsourcing (BPO) services is uneven and is dependent on the buyer’s market, the services the buyer outsources, the sensitivity of information the supplier handles and the location of the supplier.
Coronavirus Buyer's Guide - Printing
Print advertising expenditure is plummeting in 2020 in response to the COVID-19 (coronavirus) pandemic. Poor expenditure poses a threat to the financial stability of many suppliers.
Coronavirus Buyer's Guide - Marketing & Advertising
In light of the economic turmoil brought on by the COVID-19 (coronavirus) pandemic, marketing and advertising firms are experiencing slower demand for services. Key buyers of these services have historically slashed marketing and advertising budgets amid economic uncertainty, a pattern that is presenting itself again during this pandemic.
Coronavirus Buyer's Guide - Commercial Real Estate
Coronavirus Buyer's Guide - HR Services
Demand for HR services is plummeting amid hiring freezes, layoffs and furloughs to prepare for the economic slowdown caused by the COVID-19 (coronavirus) pandemic. However, demand is increasing from select markets such as online retail, delivery services and pharmacies, which is providing some relief to the market.
Coronavirus Buyer's Guide - Transportation & Logistics
While some transportation and logistics providers are struggling due to their reliance on weakened buying markets, others, such as those transporting essential products and services are faring well so far during the COVID-19 (coronavirus) pandemic.
Coronavirus Buyer's Guide - Business Travel
Business travel providers are facing unprecedentedly high financial risk levels from the historically low demand for non-essential travel amid the COVID-19 (coronavirus) pandemic.