COVID-19 has changed the way we look at the world. With this ongoing pandemic, companies in the transportation and logistics sector experienced a great set back. To cope with this pandemic, global suppliers and distributors had to rethink their supply chain strategies.
Companies have been frantically seeking modified versions of supply chain strategies to cope with this pandemic. Global suppliers and distributors located in the US, China, and the entire continent of Europe are enforcing technological methods for sourcing, delivery, shipment, and restocking their stores.
Various changes in the supply chain strategy instilled distinct and alarming distress amongst suppliers. The question that suppliers feared the most was, “will there be a recovery of inventories soon”?
Companies started to focus on introducing augmented strategies to tackle the current situation. Before discussing the implementation of augmented strategies, let’s see how COVID-19 disrupted the demand-supply shock in the supply chain market.
Demand Surge Followed by Supply Shock
The first wave of demand surge occurred in regions of China’s domestic market. A rise in demand for pharmaceuticals, medical, food, and sanitation products, and the supply sourcing hiked to 250% during the initial stage of the pandemic. Slowly this demand surge spread to other parts of Asia, the USA, and Europe. As nations started imposing lockdowns, customers started panic-hoarding causing a ‘systemic demand shock.’ Since transportation and shipment faced restrictions, delays in delivery resulted in a shortage in supply from companies as well as manufacturing warehouses to store shelves. This disruption in demand surge was followed by the supply shock.
With the fragility in the supply chain being exposed during the demand surge, companies struggled to meet daily increases in demand. This struggle ensued companies to carry out manufacturing and production with limited resources in a short period. While few companies reduced the variations of similar products to adjust optimum supply, other industries faced distinct problems to keep up with the sales. Companies began to engage in implementing resilient supply chain strategies to cope with this inevitable supply shock. These strategies cum solutions progressed into the aftermath of demand-supply shocks, felt at all levels of the supply chain.
Read more on reconstructing supply chain strategies amidst covid-19
Sanitation ProductsIn the current covid pandemic era, we must use safe sanitation products to maintain health and hygiene in your home, regrettably, not everything available on the market shelf is created equally.Many sanitation products include acid, poisonous chemicals that might “clean the floor” well but they absolutely don’t do much to preserve the health of your family and maintain hygiene.These poisonous chemicals can leave tremendous residues, particularly dangerous on food coverings, and contribute to indoor contamination – or worse.Choosing safe and hygienic sanitation products is so essential but the waters can be challenging to navigate at first.
Components matter the mostBefore choosing the best product or any in the market, make sure to check its ingredients first.
Immediately send that company a message with feedback and deliver all information about the product which you need to have or need to know and do not purchase their product.Transparency is immense when searching for safe and hygienic products in this day and age.While there may be safe products without a published component list, you have no idea of comprehending that the product you are about to use is safe, secure, and Hygienic.The deficiency of an ingredient list in product packaging is a big red flag and it’s not worth the risk.
Highly touched surfacesCompanies should also take care to constantly sanitize and fumigate highly touched and contact surfaces, such as door knockers, countertops, and switches, by using the best sanitation product available in the market.
Hard surfaces including outdoor surfaces, such as footpaths or railings, will not need sanitizing agents — everyday cleaning with water and soap is sufficient.
These touched surfaces are things such as:Tables and switchesDoorknobsKeyboardsToiletsLight switchesCountertopsHandlesDesks PhonesFaucets and sinksGas pump handlesTouch screensATMs and many more Sanitizing teams should perform routine sanitation procedures at least once per shift or once daily and depending on the ownership of the workspace, sanitize frequently touched areas more frequently.For example, companies can provide a multipurpose surface disinfectant spray in a public bathroom and demand that each person uses that spray on all frequently touched surfaces as they leave the convenience.When it comes to the large public bathroom, it may also require regular sanitization from a cleaner to further reduce the risk of infection.
Ambiguous Solutions is one of the fastest growing digital marketing company in Noida, India is operating successfully for many years with proven track record of excellence in Search Engine Optimization and Social Media Optimization.
The company has carefully studied the behavior of online consumers and has developed special strategies to make their client happy, with the implementation of new SEO and SMO strategies and it is expected to make their client’s business more robust and viable enough for better tomorrow.
Being one of the best digital marketing agencies in Noida, India, The Company is well aware of the demands and dreams of their clients and thus they strive for their betterment and growth.
Ambiguous Solutions provides the best digital marketing services in India and their newly adopted digital marketing strategies can certainly boosts their client’s business and whosoever would join them in the future.
Within a very short period of time the company made their strategies advanced enough to guarantee complete optimization of a business website that would get maximum exposure to online targeted audiences.
Lastly but certainly, it is also announced that the company shall pay more attention to innovate their social media optimization techniques in order to draw more traffic from Facebook, Twitter, YouTube and many more.
Industrial Design Market ShareThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Industrial Design Market Share.
The growth sectors of the Industrial Design Market Share are identified with precision for a better growth perspective.The industrial design market has been growing steadily over the last couple of decades.
Factors that are predominantly driving the growth in the market include the growing investment in computer-aided designs and engineering.
Moreover, factors such as the increasing incorporation of the Internet of Things (IoT) among industrial sectors are escalating the market globally, making production processes easier and smoother.According to Market Research Future (MRFR), the global industrial design market is expected to accrue a value of USD 61,786.7 MN by 2025, registering a CAGR of 5.85% over the forecast period (2018-2025).
Increasing environmental awareness among heavy industries influenced by factors such as the Green engineering initiatives is a major driving force behind the market growth.Additionally, trends such as the environmental viability of manufacturing processes alongside the use of environmentally feasible, renewable energy sources in the production of the designed products would foster the growth of the market.Furthermore, factors such as the increasing adoption of IoT applications in the manufacturing sector all over the world are positively impacting the market growth, efficiently enabling automation of industrial processes.
Global Industrial Design Market – SegmentsThere are three key dynamics that the market is segmented into;By Type : Product Design, Model Design & Fabrication, User Interface & Interaction Design, among other industrial designs.By Application : Transportation, Electronic, Household, Machinery & Equipment, among others.By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.Global Industrial Design Market – Regional AnalysisThe Asia Pacific region would remain its dominance over the global industrial design market, witnessing the growing investment in the industrial sector in rapidly emerging countries such as China, Japan, Korea, and India.
However, in December 2019 a new strain was discovered.
The virus was officially named by the International Committee of Taxonomy and Viruses (ICTV) as Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) and the disease itself was officially labeled by the World Health Organization (WHO) as Coronavirus Disease (COVID-19).
As of March 14, 2020, 21:45 GMT, Covid-19 reported cases have already reached 156,016 worldwide of which 74,451 people have recovered.Disinfectant shortage and its solutionDuring the first few weeks of the discovery of the virus, it was thought that it is hard to transmit it in hot and humid countries.
Most of us living in tropical countries like the Philippines, are worried, but a bit more relaxed in hoarding disinfectant supplies.
In the first month of 2020, there was already a shortage of face mask supplies.
Filipinos being resourceful and innovative, the face mask shortage was easily augmented with homemade face mask.
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