GEARING UP FOR GOOD TIMES

THE CUTTING TOOLS INDUSTRY GLOBALLY WAS AFFECTED LARGELY DUE TO THE PANDEMIC BUT THEY ARE NOW BACK WITH A BANG AND PLANNED TO DEAL WITH SUCH FORESEEN SITUATIONS IN THE FUTURE

- LITTLE YADAV

THE CUTTING TOOLS INDUSTRY IS CONSIDERED to the core of the manufacturing industry could not endure the blues of the ongoing pandemic. The cutting tools industry globally was affected largely due to sheer cut in production and demand, supply chain and market disruption. Not only this, but they also suffered due to the impact on the OEMs they supply to and the overall financial markets.

This being said, the pandemic that globally hit almost all the industries, was a learning experience for many. Slowly and steadily, companies are coming out of the initial and sudden shock of the lockdown. Companies are now trying to optimise their systems and manage the stocking to serve their customers efficiently.

Right from keeping the teams occupied, motivated and upbeat, companies are also focusing on online training on new products and applications. Every cloud has a silver lining. This saying fits aptly in this situation. The pandemic has changed how people and companies operate, pushing them to embrace technology like never before. This has only turned out to be much more beneficial for them than they expected.

Commenting on the online training, Jay Shah, MD, Tungaloy India, said, “By doing so, we could hone our presenting skills to a virtual audience. We now have a formidable team of presenters who can handle digital presentations with ease. Making the best of a situation and finding growth opportunities, having a new and positive outlook even amid a crisis, is a new skill we all learnt.”