The worst of the recession driven by the coronavirus in west Michigan is over. That’s according to Brian Long with the Seidman College of Business at Grand Valley State University. He says many of our supply chains have been shaken, and restarting production will not be easy.
“We’re not sure which industrial businesses we are going to lose until we get well into the late part of the summer and see exactly where we stand,” Long said.
Long says many analysts are thanking internet sales for saving the auto industry from total ruin; he said although May sales are significantly lower than in May 2019, the drop was not nearly as steep as some had expected.
