Cowichan COVID-19 Business Survey #1 Results
This Post Disaster Needs Assessment (PDNA) was undertaken to assess the impact of the COVID-19 event on Cowichan business operations. The research was collectively undertaken by the CVRD and the #cowichanstrong partnership. The results have generated a Cowichan-specific snapshot that can be used to:
- Identify local business needs at a point in time
- Feed into regional economic recovery planning processes
- Allow the CVRD to lobby the Provincial Government on behalf of Cowichan businesses
- Provide data to support the work of local economic development organizations
This is the first in a series of surveys that will be launched over the coming three months to assess the progress of economic recovery within the regional district.
Impacts on Cowichan Businesses
Cowichan Businesses have been sharply impacted by COVID-19.
- 56% have temporarily/indefinitely shut down
- 3% (2) of the 70 businesses surveyed have closed their doors permanently
- 62% seeing revenue reductions of at least 75%, compared with April of 2019
- 54% have reduced staff from pre COVID-19 levels
- 37% experienced disruptions to the supply chain they depend on to operate their business
Every business surveyed has changed their business model in some way as a result of COVID-19.
- 30% have incorporated online ordering options
- 24% now offering delivery options
- 19% of businesses were allowing their workers to work remotely
Long-term Changes to Business Model
*Following COVID-19 changes to the business model that businesses intend to keep:
- 33% plan for increased participation in the digital economy/other remote ordering options
- 36% will keep increased sanitation procedures and other health precautions
- 11% expect ongoing challenges related to reduced occupancy
Greatest Challenges for Businesses/Resiliency
The greatest challenges for businesses in returning to regular business operations are:
- Consumer Confidence (32%), Financial (35%), Operational/Health & Safety (57%) *
- 41% identified that they do not have the tools be resilient to future economic shocks
Mental and Physical Wellbeing of Business Owners and Staff
*Business owners identified the ways the event has affected the wellbeing, both mentally and physically, of business owners (and staff). The responses have been summarized.
- 26% either feel exhausted/have no energy/overwhelmed, experience anxiety, or depression
- 31% are either stressed or very stressed, with 3% experiencing stress related illness
- 13% have been severely negatively impacted by the event
- 11% expressed that they or their staff were fearful/worried to resume work
- 29% identify no impact/minimal impact, that they are feeling resilient, or that they “now see the light at the end of the tunnel”
Vision for the Future
* “What is your vision for the community we build together as we emerge from this event?”
- 30% identified the desire to build community coming out of this crisis
- 24% want support for buying locally
- 16% is hoping that public at large will be understanding, compassionate and show kindness to the business community in light of all the struggles all are facing
Survey Dates: May 19 to 27, 2020
Results Published: June 16, 2020
* The themes identified here have been drawn from responses to open ended questions. Every effort has been made to accurately reflect the spirit of the business owners’ responses.
Please find more detailed results here.