Together we can Weather the COVID-19 Storm and Emerge Stronger in the European Construction, Transportation and Industrial Sector

Europe is in the grip of the Coronavirus (COVID-19). We all know someone who has been affected by this disease. Despite differences per country and sector, the overall social and economic impact is dramatic. The U.K. and South of Europe are going through a fairly strict lock-down, while many countries in Northern Europe are slowly easing lock-down measures. Many companies have had to close completely, shift to remote operations or drastically ramp-down operations. Despite the challenges we are all facing, we believe that, now more than ever, it is true partnership that will enable us to weather this storm and emerge stronger in the world after the Coronavirus.

DLL is here to help you in whatever way we can
Should you feel that the next few months are going to be tough, we firmly believe that when we work together, we can move mountains and become more resilient. Across Europe, DLL is helping with access to finance and wider support. We are proactively contacting partners and customers to help them navigate the challenges and uncertainty created by the Coronavirus. We are marshalling our pan-European footprint and in-depth industry knowledge to help you through this challenging time in whatever way we can. In this article we share some of the ways DLL can support you during this time. We also share some examples from the European Construction, Transportation & Industrial (CT&I) industry that we hope will give you faith that by teaming up we can get through this difficult period.

Focusing on local needs and long-term perspective
“These days our partners and customers are experiencing a range of difficulties, whether that’s cash flow, meeting operational expenses or ensuring that end-customers have enough liquidity to pay for their purchases. They are dealing with uncertainty at every level and are pre-occupied with how they are going to get through this crisis in the short-term,” says Neal Garnett, President of CT&I Global Business Unit at DLL. “We are taking a local approach and a long-term view towards this situation, meaning our decisions are not based on the next quarter or year. At the same time, we are acting very quickly to address short-term challenges.”

“We are addressing current challenges consistent with our partnership approach from the past 50 years. In good times and bad times, we have continued to make funds available, honored our credit approvals and found creative ways to keep our partners and customers moving forward and that is also true in this situation.”