Online Trading India

Mutual Funds

Share Market
Credit Card

A guide to survive the lock down: India’s business

With the fall in the economy from e-commerce, automobile, technology, banking to many MSME have all been hit drastically by a coronavirus. In the recent past, during the first lockdown, the stakes were not evident but we were expecting a drastic change ahead of us.

Primarily, the states shutting its normal functioning, a 21-day lockdown nationwide has changed the lifestyle of many and has taken the livelihood of many too. The business and tech-driven companies resorted to work-from-home for productivity and let the business carry its work.

Further, they safely shut down facilities & a close eye on suppliers and their financial status above all awaiting the lockdown to end. Businessmen across the country and sources claim the challenges in the economy were anticipated.

Read more: 20 Lakh crore economy packages for lockdown 4.0?

The physical supply chain

Yes, the second biggest part of the economy, the supply unit, it is one of the crucial concerns for factory owners. A senior executive explains why the past couple of weeks have been so difficult to keep factories running and moving the supplies. For instance, tea and coffee needn’t be an important commodity in your state but yes in many others.

The centre did order to stop the production of essentials in the 21-day lockdown, though state governments had a different understanding of essentials.

The hind factors that could change

With the lack of labourers, in turn, lack of a job, it has been a herculean task seeing these factories function with just 10-20% of its capacity.

The story of lockdown 1 (21-day) got worse further. But to change the above scenario:

  • Good communication between the states could do better.
  • A resemblance in the definitions across states.
  • Interstate discretion is necessary to allow goods than procuring it on the list.
  • A little responsibility and freedom go hand in hand with transporters
  • Allowing the consumer goods labelled with the nature of goods on trucks carrying them.
  • The same protocol for finished goods, raw materials and packaging.

 

Fear drives you crazy not vary!

Panic buying was one of the instant results of supplies going down. There was no uniformity in the distribution of food and other essentials. The livelihood of migrants i.e. food went on a toss within a week.

The same senior executive seems to have covered this part of the problem by sending distributors that were needed. He says, “Right now it’s just about trying to connect the physical supply chain”.

Read more: 20 Lakh crore economy packages for lockdown 4.0?

Post the 21-day lockdown

There are no brave revenues generated during the next lockdown that is on the way. The prerequisites are more in number and during the uncertainties anything is possible.

 

 

(Visited 20 times, 1 visits today)