|
The COVID-19 pandemic has resulted in the fastest contraction on record for factory activity, while the country’s Purchasing Managers’ Index (PMI) fell to a record low as well. Global supply chains for medical devices, already strained from Hurricane Maria in 2017, have been further disrupted. American industry has been conscripted to build personal protective equipment (PPE), coronavirus test kits, life-saving ventilators and other critical medical devices. Ford, GM, Tesla and other large-scale manufacturers across the spectrum have stepped up and contributed to the national effort.
|