Across the world, the corona virus-triggered pandemic has certainly hit all kinds of industries, and the textile sector has been one of them. In the textile machinery segment, companies have been struggling to stay above water with new strategies and innovative approaches to ensure that the losses are not long-term. Presenting a perspective of how the pandemic has affected Savio Macchine Tessili’s performance, Valter De Carli, Regional Vice President (India), says, “In terms of business, we have obviously seen a drop year-on-year. From an economic point of view, the big challenge has been the uncertainty for new machinery investments from our customers and the decrease of textile products’ consumption.”
“From an industrial point of view, despite the difficult situation, SMT has continued with prompt feedback, and timely after-sales service and delivery of spare parts to our customers worldwide. Employees worked from home during the lockdown in Italy and continued daily operations while providing assistance and fulfilling the customers’ orders,” he adds. The silver lining for SMT was that despite the pandemic there was a quick bounce-back from some regions. Explaining the reasons for the performance turnaround, De Carli says: “In 2020 we saw a huge decrease in the consumption of textile products but we started getting orders from some regions which recovered quickly from the pandemic.”
“For instance, China seems to have recovered fully, fast and first. I would say the recovery rate has been proportionate to the efforts made in tackling the pandemic. In general, those markets which got extensive economic or financial support from either the central government or other global financial organisations have bounced back and even outperformed, like the recent cases of Pakistan and Bangladesh,” De Carli points out. As such, it has been a busy period at SMT during the last one year of global lockdown with work continuing on new innovations, products, and technologies. Barring a few short hiccups, things that were in the planning stage continued undisturbed.
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