The impact of Covid-19 on manufacturing enterprises
The Corona flu has impacted the world economy, and Vietnam was not able to avoid a tsunami called Covid -19. Not directly, indirectly, most industries, sectors and businesses are affected negatively. Not to mention the heavily affected industries such as aviation, tourism, … this article I will mention businesses operating in the manufacturing sector with a general perspective to assess what they are facing and the difficulties they face.
According to the General Statistics Office, Vietnam imports the most from China, the main items imported from China are production means, including raw materials, fuels and materials. Due to the effects of the Covid-19 influenza, China’s operations and economy were almost crippled, leaving some businesses with material production shortages, forced to source from other countries at high prices. Also, the process of importing and exporting goods takes longer due to many stages of disease control, as well as many countries restricting imports due to a sharp decrease in consumption. If the epidemic lasted for 6 months, more than 60% of businesses surveyed would
decrease over 50% in turnover, nearly 29% of businesses would decrease 20-50% in turnover, so what if the epidemic continues?
Cost-saving solution for businesses in difficult times – DIY
Although the government has been issuing policies to support businesses to firmly overcome the crisis, it is still a difficult problem that every business has to find the right solution to its business model. Currently, there is still no answer to the question “when the epidemic will end” and there is no specific vaccine for this dangerous flu, so the businesses are forced to cut staff and less important expenses to cope with the epidemic.
One of the effective and practical measures to suggest businesses take advantage of human resources, maximum cost savings by choosing the product line DIY-DO IT YOURSELF. DIY is a term that describes businesses, individuals building, repairing or creating anything by themselves without having to hire a third unit. DIY has been developing on a wide range of industries from civil to industrial, even industrial paint – which requires a team of experienced construction workers, highly technical and equipped with modern machinery – also promote DIY product lines to support businesses to save costs.
DIY brings a lot of benefits:
- Cost savings: businesses can fully utilize the available human resources to apply products without the cost of hiring a third unit.
- Be proactive: Enterprises self-arrange to suit the production process of the factory and do not encounter the barriers of “restricting travel” and the “social distance” as recent occasions.
- Prevent with Covid-19: this is the top priority of businesses
In particular, with self-executing industrial paint lines such as Epokrete of KRETOP paint, businesses were able to repair the floor of the factory themselves, self-painted painted lines without having to hire a contractor or affect the factory’s production line. The outstanding features of the Epokrete – DIY product system can be mentioned as Easy to apply, fast drying time while retaining important properties such as hard surface, good adhesion. Epokrete lines have had nearly 10 years to prove their capacity with many works and have created a buzz in the industry right from the first days of launch. At the time of SARS – CoV-2 virus, Epokrete became the first choice for manufacturing enterprises because of its outstanding and timely advantages.
The trend of choosing DIY products has been spreading thanks to its effectiveness, is your business ready for this innovation?