AmCham Taipei held an online press conference on April 15 to announce the results of the Chamber’s COVID-19 Flash Survey. The event was held remotely in consideration of social distancing suggestions and safety concerns regarding the COVID-19 outbreak. Local and international media outlets logged in to join the conference and raise questions about the results.
The Flash Survey was intended to follow up on the Chamber’s annual Business Climate Survey, which was held between January and February of this year, when the outbreak began intensifying. Members were asked about whether the pandemic had affected their business in Taiwan, in what ways they were negatively impacted, and what kind of measures they were taking to deal with the impact, among other questions.
After presenting the survey results, AmCham Taipei Chairman C.W. Chin and President William Foreman answered questions sent in by reporters. Foreman emphasized that very few respondents said that they have laid off or furloughed employees as a way to mitigate the impact of COVID-19 on business, while a majority of respondents stated that they have no plans to do so in the future.
Rather, Foreman noted, many companies are using the downtime caused by the pandemic to do trainings and work through new strategic issues. Chin followed by saying that the reluctance to resort to laying off employees shows that Taiwan is a bright spot for doing business during the crisis. He referred to the continued robust operation of the semiconductor industry as a case in point.