Ensuring Smooth Business In The Covid Era

The Covid-19 crisis allowed businesses to engage in new strategic directions. It also encouraged to accelerate the implementation of existing ones and to optimise the organisational structure.

- Kanishka Arumugam

With one of the primary pieces of advice to regularly wash hands thoroughly to prevent the transfer of the disease, it means more than ever that the provision of clean and safe water by utilities is vital to stop the disease spreading. The main purpose of the pump industry is to provide clean water to mankind through its sustainable water technologies such as pumps and systems.

As part of the culture and the specificity of the healthcare system in India, people tend to save money for difficult times, making them withstand for a little while. The government lifted the lock-down in April with restrictions as the survival of the population and economy was at stake. Many factories started to operate again while taking all necessary safety measures. Still, activities were impacted due to disruptions in the supply chain.

There is a need to reduce the fixed costs and swap it with variable costs. For example, salary is fixed cost and incentive for sales people would be a variable cost. When sales goes down fixed costs remain the same. One should take steps to reduce fixed costs and leverage it with variable costs that will help business performance.