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.
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.