Due to the covid 19 pandemic, the business is feeling the pain caused by the disruption in the supply chain. The pandemic has proved serious disrupt to the global market. Organizations have appointed many risk management strategies to minimize the effect of the pandemic. As no one was prepared for such a crisis many businesses have shut down and many are on the verge of shutting down./p>
Despite so many drawbacks, there were some positives which came out from this pandemic as those companies whose offices were on lease now the employees are working from home provides them with the benefits of cost-saving, multiple businesses being run by single firms, stretch in the product line where the revenue was declining thus providing grater reach towards your product line.
How covid 19 is changing the working of manufacturing industries:
With the advancement of technology now the small manufacturing industries will be able to streamline their product line in many effective ways, thus reducing the time and efforts. With automation coming into the picture it will go to save the labor cost of the firms, it will give rise to new innovations and areas where others firms can also look to automate. In factories where equipment is being used with the help of computer vision, we can check who was the person handling the equipment and whether that equipment is being sanitized or not after the use.
It is clear from the above article that covid has affected the supply chain dramatically but has given us ways to connect with technology in a much faster way. There is an increase in workforce management apps through the different areas of the supply chain and automation being at its peak. We at smartData have helped businesses to grow again by properly analyzing their business needs and providing the right apps at right time.