Paul van Gerven
6 May 2020

Close to half of Dutch tech companies expect a revenue decline of 20 percent or more in Q2 and Q3, according to a survey conducted by industry association FME. The most important cause of the worsening business climate is a decrease in demand, though disruptions in the supply chain, logistical issues and social distancing requirements are also major contributors.

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FME calls the survey results “shocking”. It wants the government to extend business support programs, thus preventing layoffs, as well as to keep investing in R&D and innovation. “It’s about time the current political focus on healthcare is expanded with economic interests,” FME writes in a statement. “Our intelligent lockdown needs to become an intelligent restart,” commented FME chairperson Ineke Dezentjé Hamming-Bluemink.