Survey of rail business leaders on the impact of Covid-19 on their organisation and their outlook for the next year behalf of the RIA.
• Railway decision makers are almost split down the middle on the prospects for the rail supply industry in the coming year, with 35% saying the industry is likely to grow and 36% saying its likely to contract, with 25% saying it will stay the same;
• When it comes to their own businesses, leaders are more likely to be optimistic about growth prospects, with half (51%) saying their business is likely to grow in the coming year. However, this has decreased from 59% who said this last year. One in five (21%) say their business is likely to contract in 2021.
• On the impact of Coronavirus, three in five (61%) railway business leaders say the Coronavirus pandemic has worsened their business’ outlook for the coming year. Amongst those who expect their business to contract, 74% said the pandemic had worsened their outlook.
• Two in five (40%) railway business leaders say they are not confident the Government will promote the railway industry as one of the UK’s key economic sectors when negotiating future trade deals, while 28% are confident it will.
Date Published: 04/11/2020
Categories: Business | Infrastructure | Public and communities | UK
Client: Railway Industry Association (RIA)
Savanta ComRes interviewed 257 railway business leaders in the UK rail supply chain between 17th September and 9th October 2020. Previous research was conducted between 10th July and 12th August 2019, among 174 railway business leaders. Savanta ComRes is a member of the British Polling Council and abides by its rules.