{"id":691,"date":"2020-05-13T20:18:15","date_gmt":"2020-05-13T20:18:15","guid":{"rendered":"https:\/\/labspend.com\/blog\/?p=691"},"modified":"2020-05-13T20:19:51","modified_gmt":"2020-05-13T20:19:51","slug":"how-is-covid-19-influencing-the-spending-of-research-labs","status":"publish","type":"post","link":"https:\/\/labspend.com\/blog\/2020\/05\/13\/how-is-covid-19-influencing-the-spending-of-research-labs\/","title":{"rendered":"How is COVID-19 influencing the spending of research labs?"},"content":{"rendered":"\n<p>At <a rel=\"noreferrer noopener\" href=\"https:\/\/labspend.com\" target=\"_blank\">Lab Spend<\/a>, we help labs monitor how they spend millions of dollars on research chemicals and supplies. The market is dynamic in that some labs are researching COVID-19 and are very busy. However, other labs could be closed or functioning in maintenance mode. <\/p>\n\n\n\n<p>Below is the total spending of all companies using Lab Spend taking into accounts that joined or left our service.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"506\" height=\"370\" src=\"https:\/\/labspend.com\/blog\/wp-content\/uploads\/2020\/05\/COVID-19_Sales.png\" alt=\"\" class=\"wp-image-692\" srcset=\"https:\/\/labspend.com\/blog\/wp-content\/uploads\/2020\/05\/COVID-19_Sales.png 506w, https:\/\/labspend.com\/blog\/wp-content\/uploads\/2020\/05\/COVID-19_Sales-300x219.png 300w, https:\/\/labspend.com\/blog\/wp-content\/uploads\/2020\/05\/COVID-19_Sales-369x270.png 369w\" sizes=\"(max-width: 506px) 100vw, 506px\" \/><\/figure><\/div>\n\n\n\n<p>The decline in spending of research labs from March to April was 64%. The y-axis has been intentionally been removed. While we don&#8217;t have enough data to project spending across the entire industry, we thought it would be interesting to examine how and if the spending is changing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Lab Spend, we help labs monitor how they spend millions of dollars on research chemicals and supplies. The market is dynamic in that some labs are researching COVID-19 and are very busy. However, other labs could be closed or functioning in maintenance mode. Below is the total spending of all companies using Lab Spend &hellip; <\/p>\n<p class=\"read-more\"><a class=\"btn btn-default\" href=\"https:\/\/labspend.com\/blog\/2020\/05\/13\/how-is-covid-19-influencing-the-spending-of-research-labs\/\"> Read More<span class=\"screen-reader-text\">  Read More<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,12],"tags":[],"_links":{"self":[{"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/posts\/691"}],"collection":[{"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":3,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"predecessor-version":[{"id":695,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions\/695"}],"wp:attachment":[{"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/labspend.com\/blog\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}