April 19, 2022 (55thday of war)
After 50 days of the war: 41% of AmCham Ukraine member companies are fully operational, 50% continue to work partially. 29% of member companies have relocated within Ukraine, and 19% are relocated outside Ukraine. 15% of businesses had to close offices in some regions, 2% had to shut down totally.
The American Chamber of Commerce in Ukraine conducted the latest Survey "Doing Business during War in Ukraine. Week 8" to show the current state of business and what changes and challenges organizations are going through.
103 CEOs and top managers of AmCham member companies took part in the Survey, conducted on April 11 – April 18, 2022. 71% of the respondents are CEOs.
The AmCham members were asked to identify what their companies were doing differently during the war to continue operations. 52% indicated they had to reshape business models, 40% – implemented cost-cutting efforts, 20% – launched new business directions or services. 17% – took projects from the parent offices in other countries, 13% – search for new clients outside Ukraine, 9% – search for financing in different countries. Unfortunately, 2% of members were forced to sell assets. Only 17% indicated they had no changes at all.
72% of AmCham Ukraine member companies continue to pay full salaries during the war and provide extra support. 16% pay full salary, 6% – partially reduced salary, 6% of businesses pay 50% of salary.
20% stated that their company's plants/factories/facilities/storehouses/offices have minor damages, 3% have unrepairable damage, 3% are still under occupation, other 3% don't have information yet. 57% of member companies had so far no damage during the war.
AmCham Ukraine member companies continue to provide support to the humanitarian drive. The most common ways of support are financial support (76%), volunteering drive within the companies' employees (75%), providing in-kind goods (44%), providing services (41%), providing medicines (24%), providing protection means (17%).
AmCham member companies continue to support Ukraine's territorial defense units and defense forces: 71% of members indicated that some of their companies' employees joined the territorial defense units, 35% of companies provide goods and medicines, another 34% – provide financial support, 22% – provide services or protection means.
The business representatives were asked to indicate the biggest challenges for their organizations after 50 days of the war. Safety and security of employees (79%), logistics and transport (50%), and absence of clients or orders (36%) were identified by business representatives as the top-3 major challenges. Among others are export-import operations (26%), relocation (14%), and damaged assets and property (10%).
The most difficult question of the Survey was about the safety and security of employees. 76% of respondents said that all of their companies' employees are safe. Sadly, there were painful numbers also, with 14% of companies' having instances of employees injured and 7% – having instances of employees killed.
87% of AmCham member companies are ready to actively participate in Ukraine's post-war economic rebuilding.
85% of business representatives support that companies following business ethics and ESG policies mustn't work in the murderous pariah regime in Russia that continues to commit genocide and war crimes across Ukraine.
"After more than 50 days of war, 41% of AmCham Ukraine members are fully operational, and 50% of AmCham Ukraine members continue to work partially in Ukraine. To continue operations in Ukraine means to continue keeping Ukraine's economy running. 87% of AmCham members are ready to actively participate in Ukraine's post-war economic rebuilding. We have a lot of work ahead to make Ukraine flourish, and we see how lionhearted Ukrainians lead Ukraine to victory," commented Andy Hunder, President of the American Chamber of Commerce in Ukraine.
Full Results of the Survey are available here.
About the American Chamber of Commerce in Ukraine:
The American Chamber of Commerce is Ukraine's most influential international business association that has been serving members in Ukraine since 1992, delivering the shared voice of US, international and Ukrainian companies, who invested over $50 bln in Ukraine and remain committed to the country till today, during the war. For more information, please visit our website https://chamber.ua/ and #StandWithUkraine page with daily updates on how you can help Ukraine and Ukrainians during this significant time of need https://chamber.ua/news/standwithukraine/
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