UPDATE: How coronavirus could impact building industry distribution

Coronavirus - COVID-19
istock.com/da-kuk

Editor’s note: This article will be updated as information becomes available. 

All eyes are on the global pandemic known as coronavirus, or COVID-19, and its affect on not only the physical health of family, friends, and coworkers, but also the economic health of businesses worldwide. For LBM Journal readers, particularly close attention is paid to the building industry and how lumberyards can best still get the materials needed to their customers, still operate their businesses, and take care of their coworkers, friends, and family.

Here are a few stories we’re following:

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Hardware leaders press for ‘essential service’ designation
The North American Retail Hardware Association, along with CEOs from the nation’s leading distributors, co-ops and buying groups, have issued a statement.

LAT cancels annual conference
The 134th Annual Convention & Expo was scheduled to take place April 6 through April 8 in Frisco, Texas.

CDC resources for businesses and employers
The Centers for Disease Control and Prevention share tips for how you can plan, prepare, and respond to coronavirus.

OSHA guidelines for preparing workplaces for COVID-19 (pdf)
Health and safety guidelines for employers.

Federal Reserve provides stimulus — including for housing
Due to the spreading economic damage caused by mitigation efforts to slow the spread of the coronavirus, the Federal Reserve provided an immediate round of monetary policy stimulus Sunday.

NLBMDA Spring Legislative Conference canceled
The National Lumber and Building Material Dealers Association has canceled its Spring Meeting and Legislative Conference scheduled for March 23-25 in Washington, D.C.

Small businesses hurt by coronavirus may be eligible for low-cost loans
Congress passed an $8.3 billion legislative package to help combat the coronavirus.

Coronavirus could hit construction supply chains next
A clear picture of the global economic impact of the deadly coronavirus has begun to emerge, and U.S. real estate companies are monitoring how the crisis could play out on construction sites and in development pipelines.

National Hardware Show postponed
The show, scheduled for May 5-7 at the Las Vegas Convention Center, will remain in Las Vegas and be rescheduled for later this year.

Retailers (including Home Depot) share how they’re dealing with coronavirus
Business Insider contacted a slew of consumer companies to find out how they were contending with the outbreak.

 

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