During the initial days, everything was on a standstill because of the lockdown. With the gradual lifting of the lockdown, we have been able to resume manufacturing (though not full-fledged yet) following the government protocols. Although manufacturing has been back on track, we had to address two key challenges, the disrupted supply chain along with the ready stock that needed movement. Thanks to the e-commerce sector, we had some movement in the goods, even when the offline markets were shut. However, the markets now have been opening and by next quarter, we shall see improvement both in terms of consumer sentiments and fluidity. We are currently working in tandem with all relevant bodies and authorities to ensure that we maintain a good balance between business continuity and fluid market conditions.
Many organised sectors in the Indian manufacturing industry are adopting the concept of ‘Smart Factory’. The Covid-19 outbreak has further pushed the industry towards the same due to the growing significance of digitization and automation? But is the cookware industry ready for it?
Yes, the organised sector in the Indian manufacturing industry was transitioning towards automation of processes and smart factory even before the outbreak of the pandemic. But Covid-19 has led to further push, to automate. Pertaining to the cookware industry, we have seen massive changes in the last some time period, be it in the machinery or the technology used. The cookware is no longer a simple, traditional product; it is actually engineered with lot of R&D and market understanding, while keeping technology in the epicentre. Today, the machinery used by Vinod Cookware has been imported from Korea. Handles of the products have been manufactured using a special kind of machinery, and more such advancements have taken place. The industry has moved towards smart factories in the organised sector and Covid-19 is going to give it the much-needed boost.
How would you look at the ‘Smart Factory’ concept in the context of Vinod Cookware?
Vinod cookware has been automating several of its processes, from manufacturing to the logistics. We have been focusing on building a factory which is future ready, and herein our main objective is to improve the efficiency, right from the physical production to the operations. We have combined digital technology to enable a seamless flow in manufacturing and supply chain management. “Smart factory” is nothing but Industrial revolution 4.0, currently in making.
Covid-19 has forced every business to redraw its strategies and plans. How is Vinod Cookware adapting itself to the New Normal?
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE