Top Strategies for Mitigating COVID-19’s Toll on the Economy

Manufacturers across the state continue to navigate challenges brought on by the COVID-19 pandemic. Some are financially recovering and taking advantage of rebound resources, while others are innovating and transforming in an effort to hang on to profits. Ultimately, all businesses are doing their best to survive in today’s uncertain economy, which begs the questions – What exactly is happening with manufacturing across the state? And, how do we prepare for what comes next?

During this webinar, Los Angeles County Economic Development Corporation (LAEDC) Staff Economists will provide an expert outlook on COVID-19’s impact on California manufacturing; and, CMTC will offer mitigation strategies for how to offset the harm done by this pandemic.

Key topics covered:

1. Challenges such as pandemic-related unemployment, bankruptcy, and strenuous supply chain demands
2. Re-marketing and rebranding
3. Alternate supply chains & on-shoring
4. New product/adjacent product development
5. How to pivot to new markets and products