Factories Back At Work & Supply Chains Recovery After Corona Lockdown
Coronavirus as a global pandemic disease has affected many countries in the world including Sri Lanka in varying ways and has caused disruptions to Supply Chains Severely. While it was required to maintain essential services, these too were operating at minimal capacity under strict government & health regulations.
However, since the 3rd week of May, the Sri Lankan economy has been opening in a phased manner and factories which are operating in the ‘essential services’ sector have been given the authority to start commencing work at almost 75% capacity. Nonetheless, the strict health guidelines for these factories to operate under are still present. And owing to these it could be stated that operations would take place in compliance to these regulations, which would minimize the spread of COVID-19.
We have been successful in opening up our facilities and being able to satisfy the demands of our Customers for the Organic Agriculture, Food & Beverage, and Nutraceutical sectors. However, owing to the production halt during the latter part of March and majority of April; our production lead times have gone up to 4 weeks since there is a backlog of orders to be processed as of now. However, we are certain that it would be brought down to our standard lead time of 2-3 weeks by the end of June 2020.
Furthermore, our farmers and related supply chain services (Transport etc.) are resuming as well; meaning that our Supply Chains are well on its way to recovery and operating at standard levels within this month.
Many companies, factories and businesses have recorded some slight declines in growth in terms of profit. In improving the customer experience, most of the businesses are frightened to implement new strategies owing to the fact that they might incur losses. Workforces of these businesses remain at home working online without having any sort of physical contact with people. As a result, businesses that are not heavily dependent on these online-structured operations have resulted in a performance drop in leveraging their employees methodically. For instance, factories that produce and manufacture goods require a physical presence of its employees to fulfil their necessities in producing goods. A lot like these have created a negative impact on the growth of businesses due to this pandemic disease.
That said, do these factories verily require to shut down in these pandemic times. Some might be able to work under these occurrences while others might not. Factories that follow a sturdy strategy and approach in manufacturing products can conduct their daily operations as usual. There might be a slight delay in these operations yet they still can manage to manufacture goods and deliver them right on time. In these hard times, customers are desperate when it comes to satisfying their fundamental needs and wants and consequently, they should be supplied with the pertinent goods on time. If not, plenty of them might get affected by having to encounter a situation similar to the scarcity of resources. Having to face this kind of situation not only impacts businesses but also impacts the whole country. As a perception, businesses or in other words factories have the ability to commence their operations as usual by exploiting all the leftover resources that can be used in supplying at least a certain percentage of goods.
In Sri Lanka, most of the factories are gradually starting to commence their day to day operations as usual.