You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

ARMONK,N.Y., May 1, 2020 /PRNewswire/ --Findings from an IBM (NYSE: IBM) Institute for Business Value (IBV) survey of U.S. consumers reveals shifting personal behavior and preferences resulting from the COVID-19 pandemic. The study polled more than 25,000 U.S. adults in the month of April to understand how COVID-19 has affected their perspectives on a number of issues, including retail spending, transportation,future attendance at events in large venues, and returning to work. The results revealed that not only do U.S. consumers surveyed plan to make significant changes in the way they go about their lives and workin the wake of the virus. Many consumers indicated that theyplan toreducetheir use of orforgo entirely ridesharingandpublic transportation. They also indicated they are less likely to attend large eventsonce the crisis abates but are more likely to attend sporting events.Many respondentsalso expressedchanges in the way they will shop and spend their money, includingan increased willingness tousecontactless payment technologies when shopping,alongsidea reluctanceand hesitationto make new car purchases due to personal financial concerns resulting from the pandemic. "Thestudyprovidesfurther evidence thatCOVID-19is permanently altering U.S. consumer behavior. There are long term implications of the new consumer behaviors for industries likeretail, transportation, andtravel among others. These organizationsneed to quickly adapttheir business modelsto servethe new consumer behaviorsin order to survive and thrive," saidJesus Mantas, Senior Managing Partner, IBM Services. Among themore noteworthy findings: Personal mobilitycould be differentafter the pandemicThe survey results show consumer attitudes toward publictransportationhave shifted notably.More than20 percent ofrespondentswhoregularlyusedbuses, subways or trainsnowsaid they nolongerwould,and another28 percentsaid theywilllikely usepublic transportationlessoften. More thanhalf of people surveyed who usedridesharingapps andservicessaidthey would either usetheseless orstop using these services completely.Findings werenot quiteas dire fortaxis andother traditional car services,asa smaller24percent ofpeoplesurveyed indicatedthey will no longer usethese modes of transportation. More use of personal vehicles, but purchasesaredelayedMore than 17 percent of people surveyed said that they intend to use their personal vehicle more as a result of COVID-19, with approximately 1 in 4 sayingthey will use it as theirexclusive mode of transportation going forward. One-third of respondents said that constraints on their personal finances will "greatly" influence their decision to buy a vehicle once COVID-19 restrictions are lifted. More than 25 percent said thata lack of confidence in the global and U.S. economic outlook will impact their decisions to buy a vehicle with nearly the same number of people saying they would be holding off on buying for more than 6 months. Consumers added that manufacturer incentive programs are not likely to persuade or change their thinking. Event attendance will be down for some timeWhen asked about attendance at various types of large events once stay-at-home restrictions are lifted, more than half of respondents said they are unwilling to be exposed to large crowds for the remainder of 2020. Conferences and trade shows had a strong response,with75 percentindicatingthat they are unlikely toattend an in-personconference or trade show in 2020.Bars and restaurants are more likely to fare much better. More thanone-thirdof consumersindicatedthey will visit these establishments,with only aboutten percentsaying they will not.Outdoor parksalso represent a favored destination; one-third of respondents said they are very likely to visit an outdoor park after restrictions are lifted.Approximately 25 percent of consumers also indicatedtheywill beready tovisitthe beach and 1 in 5will beready to go shopping at malls and shopping centers. The Retail Experience Continues to EvolveDue to their concerns about COVID-19, nearly 40 percent of consumers surveyed said they are likely to use contactless payment options via their mobile deviceor credit card when shopping. Morethan75 percent of respondents indicate theyare choosing to visit stores to buyessentialgoods (i.e., food & beverages and household & cleaning products);however, responding consumers in the Northwest were more likely to buy essential goods online and ship to home or another destination than any other U.S. region. The study also reveals that the pandemichas created a priority on shopping local for those surveyed with 25 percent of respondents indicating they arenowshopping moreoftenat locally owned stores andbuying more local made, grown or sourced products. TheRise of the Remote WorkforceThe forced shift to operating as a largely remote workforce has led to nearly 40 percent of respondentsindicating theyfeel strongly that their employer should provide employee opt-in remote work options whenreturningto normal operations. And remote work appears to be growing on people,as more than 75 percent indicate they would like to continue to work remotely at least occasionally,while more than half- 54 percent -would like this to be their primary way of working. Theshifttoward a more remote workforcecould require more than a simple change of location it may requirethe use ofsoftskills to continue to be productive and successful. A 2019 study from the IBVrevealed thatadaptability, time management and ability to work well on teams as some of the most crucial to the workforce today however, only 41percentof CEOs surveyed felt they had the capability in terms of people skills and resources required to execute their business strategies. It will be imperative for organizations toprioritize reskilling employees around these core capabilities. For further information on IBM's Institute for Business Value, please visit:https://www.ibm.com/thought-leadership/institute-business-value/ About IBM Institute for Business ValueThe IBM Institute for Business Value (IBV), part of IBM Services, develops fact-based, strategic insights for senior business executives on critical public and private sector issues. Follow @IBMIBV on Twitter, and for a full catalog of our research or to subscribe to our newsletter, visit: www.ibm.com/ibv CONTACT: Jeannine Kilbride, [emailprotected] SOURCE IBM Related Links www.ibm.com

Answer: IBM Study: COVID-19 Is Significantly Altering U.S. Consumer Behavior and Plans Post-Crisis Personal Mobility, Retail Shopping, and Event Attendance Are Among the Areas Most Impacted