The pandemic has stopped production worldwide, many companies have been wiped out due to financial hiccups. This provides a chance to climb up the competition stairs while others are grasping for help.
Optimization with limited resources & setting optimal prices for products may boost finances.
With new norms & reduced workforce, optimisation is the only key to hit the best during these challenging times.
2. Training Employees for Multi-taskingCompanies should provide skill development option during this time so that employees are more efficient in their respective fields.
In this manner both the employee and the employer would draw benefit.
There is a good chance that companies will be unable to perform their work in an 100% manner they used to do before the pandemic hit.
They must train other employees to do more than one kind of task, so that they can fill in for the other if things do not go according to their way. The virus can hit anyone anytime. Its better to be prepared.
3. Trend is Shifting creating New HorizonsThings are not going to be back to normal soon. We will have to learn embracing the new normal. This will close earlier approaches and give rise to online segment and development in fields of delivery.
Logistics would require excellent management with utmost precaution, so that their services are not hit by COVID.
Online market are blooming with opportunities. Thus, players must try to explore the potential possibilities from there as well.
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