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How COVID-19 Impacted on Hydrophobic Coatings in Chemicals & Materials Industry ?


COVID-19 Impact on Hydrophobic Coatings in Chemicals and Materials Industry

INTRODUCTION

The pandemic outbreak has created extreme uncertainty in global market growth. The pandemic outbreak has affected and changed the complete dynamics of each industry in ways that are hard to believe. The effectiveness and strength of containment efforts to the degree of supply disruptions, shifts in investment patterns, changes in behavior (such as avoiding the purchase of costly products), the impact of drastic tightening in global market conditions, trust impacts, volatile commodity prices, and growing debt burdens.
A definition for the word ‘hydrophobic’ would be “tending to repel or fail to mix with water.” Coatings that offer a hydrophobic surface can impart multiple advantages to the coating surface and substrate to which they are applied. Advantages may include decreased dirt retention, self-clean ability, improved moisture, and corrosion resistance, as well as the extended life expectancy of the coating and substrate.
Accordingly, the surface characteristics can create different coatings, ranging from hydrophilic (water-loving) coatings to hydrophobic coatings, which are highly water-repellent. Several factors impact the contact angle of a water drop on the surface of a coating.
These include the macro, micro, nano-surface profile, and the surface tension of the coating on which the water droplet is resting. Surface tension is the elastic tendency of liquids that makes them acquire the least surface area possible. Hydrophobic coatings protect various materials such as metal, wood, plastics, leather, and fabric and non-fabric materials from the destructive action of water or wetting. They are used in machine building construction and textile production.

ANALYZING ON IMPACT OF COVID-19 ON THE GLOBAL HYDROPHOBIC COATINGS MARKET

COVID-19 pandemic hugely impacted the global hydrophobic coating market. Despite continuous growth during the last decade in the hydrophobic coating market recent COVID-19 outbreak resulted in a sharp decline in the market of hydrophobic coatings around the globe.
The decline in production due to the virus outbreak has affected the automotive industry in the country, thereby indirectly affecting the market for polyimide films used in multiple applications during body making.

AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST GLOBAL HYDROPHOBIC COATINGS MARKET

The government has started giving utmost importance to automotive industries post COVID-19 pandemic. Governments around the globe are taking proactive measures which could boost the growth of construction industries. Since hydrophobic coatings are used mostly in building & construction industries it market is expected to gain due to government initiatives.
Automotive is projected to be the fastest-growing end-use industry of the hydrophobic coatings market during the forecast period. Increasing vehicle production is expected to drive the demand for hydrophobic coatings in the automotive industry.

STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE

Various proactive decisions have been taken by the manufacturers post COVID-19 to gain competitive market share. The global hydrophobic coating market is excepting high shares in the market due to the increasing demand for vehicles, increasing innovations in the aerospace industry, and increasing start-ups in the medical devices manufacturing sector.
Apart from the automotive industry, focus on the aerospace industry and increasing investments in the building & construction industry are also projected to increase the market share of the global hydrophobic coatings market.

IMPACT ON PRICE

The COVID-19 impacts definitely on the price of the hydrophobic coating market. Due to lockdown around the globe and strict restrictions resulted in difficulties in lockdown around the globe and strict restrictions resulted in difficulty to transfer raw materials. Shortage of manpower in industries resulted in a hike in the price of hydrophobic coating materials.
The impact of COVID-19 has led to an increase in prices for all kinds of hydrophobic coatings which would hinder its growth in the market. The outbreak of COVID-19 around the world has led to a downfall in the growth of the economy due to the consumer spending fall and business shutdowns.

IMPACT ON DEMAND

Amidst the COVID-19 crisis and the looming economic recession, the hydrophobic coatings market is expected to grow worldwide. The global crisis in all sectors, especially in shipping was hit by slowing demand in goods production as well as exports which eventually slowed down the hydrophobic coatings market during the pandemic. Amidst the pandemic situation around the globe, the hydrophobic coatings market is said to acquire implacable growth in the upcoming years.

IMPACT ON SUPPLY CHAIN

Due to the COVID supply chain of materials for most of the industries halted. Like other industries, the restrictions over transport and labor availability are also one of the factors that affected the supply chain of the hydrophobic coatings market. The advent of COVID-19 has acted as a potential restraint on the hydrophobic coatings market in 2020 as most of the supply chains were disrupted due to laid down restrictions as part of lockdowns imposed by governments across the world. The production of the hydrophobic coatings was also negatively affected due to breaking in the supply chains.

CONCLUSION

The growing demand for anti-corrosion, anti-icing/wetting, and self-cleaning hydrophobic coatings for cars is projected to fuel market demand over the upcoming years, the automotive sector was the largest application segment for the product. In regions such as North America, Europe, and the Asia Pacific, the automobile market is increasing dramatically and is expected to create new opportunities for business development throughout the projected timespan. It is anticipated that the aerospace industry will gain a share due to the improved usage of anti-corrosive coatings and anti-icing/wetting coatings. Furthermore, the growing application of the coatings in the optical industry in the manufacture of spectacles and goggles is anticipated to have a significant effect on the development of the sector over the coming years.
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The prevailing grain oriented electrical steel demand conditions in the majority of developing nations demonstrates that the electrical steel consumption have deteriorated in the pandemic situation. Several large industries who are engaged in the manufacturing of grain oriented electrical steel product have faced several challenges towards the sale of the raw material for the finished goods due to shutdowns in the manufacturing of the several industries such as in automotive and electronic goods. This has led to the lower demand of the electrical steel in the global market AFTER MATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE GLOBAL GRAIN ORIENTED ELECTRICAL STEEL MARKET The demand of the home appliances have fallen during the COVID-19 by approximately by 45% due to which the demand of the electrical steel products in the electrical manufacturing industry has decreased. The large industry has resulted in less demand of the new machinery and components due to which demand of the electrical steel in manufacturing of motors and electrical ballasts have reduced during the pandemic situation. Post COVID, developing economies, such as China is expected to move more rapidly towards normalization of economic activity for the different sectors. This will increase the demand of the electrical steel products, and will increase the import for grain oriented electrical steel. With the stringent government regulation, particularly, in the field of infrastructure, the demand of the grain oriented electrical steel products such as hot-rolled sheets and cold rolled sheets would subsequently increase. Automobile manufacturers are heavily investing funds in the market. With the increase in the demand for the modern electric vehicles, the demand for the grain oriented electrical steel is set to rise in the global market. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Pre-pandemic, manufactures had financial stability; however, COVID-19 had forced the manufactures into extreme slumps. The effects of the pandemic will largely affect the small and medium business. The grain oriented electrical steel is extensively used in the manufacturing of the electric motors and components which are brought to application in the electric appliances. During the COVID-19, manufacturing of the heavy electrical equipment have tumbled down which result in the fall in the demand for the electricals steels in motors application. Several types of components are used in the transformers which have different flux density which help to lower the wastage of the energy during transmission but the demand of the different size of transformers have fallen down due to which demand of the grain oriented electrical steel from equipment manufacturers have fallen down. During the pandemic, several electrical equipment manufacturers have shut down the production for more than six months which has had a bad impact on the demand of electrical steel market. PRICE IMPACT Steel industry is also playing a crucial role in the electrical steel market since tons of steel and other metals are used in the manufacturing of the grain oriented electrical steel. The pandemic has also impacted the demand of the steel products in all the regions. In the U.S., steel mills have to adjust their production activities to avoid rising inventories and declining prices of the steel products which result in lower revenue generation. As demand of the steel is declining, integrated steelmaker in U.S. steel manufacture has decided to idle blast furnaces and cut production of steel. Japan steel production is expected to decline by 25.9% as per the Vietnam Steel Association (VSA), companies associated with the VSA registered a 15% decline in steel production and a 38% reduction in steel exports in Q1 2020. COVID-19 has adversely affected the steel prices as the demand of the steel has fallen down as lockdown in several industries. IMPACT ON DEMAND During the COVID-19, manufacturing of the heavy electrical equipment have tumbled down, which resulted in the declined demand for the grain oriented electricals steel. Several types of components are used in the transformers which have different flux density that help to lower the wastage of the energy during transmission. However, the demand of the different size of transformers has collapsed. During the pandemic, several electrical equipment manufacturers have shut down the production for indefinite time period, which have adverse impact on the demand of grain oriented electrical steel market IMPACT ON SUPPLY CHAIN Power and energy industry is heavily relying on Supply Chain Management (SCM). Improvement in the supply chain has always been demanded by the manufacturers and the end users. The COVID-19, which led to the abrupt halt of the transportation sector, indirectly affected the supply chain for the grain oriented electrical steel market. Manufacturers had to bear the storage cost as well as had to face the consequences for the late conveyances. The delivery of raw goods was adjourned or annulled, which resulted in the rise of the cost to the end users. The Import-export of the final product was also severely wedged, hindering the completion of major projects, resulting in increased costs. CONCLUSION The COVID-19 crisis has created the pandemic situation widely, which affected the growth of the overall steel industry. The demand in the energy and power, building and construction, automotive activities have withered down globally. The nationwide lockdown across the globe for all the manufacturing units, construction activities and others, resulted in lower demand of grain oriented electrical steel products, which eventually, lead to huge loss for manufactures. The manufacturer of grain oriented electrical steel components and equipment had to abruptly halt the production which had its impact on the supply-chain. Flux in the demand of the electricity in different countries have lowered and has proportionally affected the demand of the grain oriented electrical steel products in the energy and power sector. The fluctuation in the price of steel has also impacted the manufacturing of the grain oriented electrical steel. Progressive demand of electricity and power in the man industry and launch electrical vehicles will increase the demand of grain oriented electrical steel in coming years.
Significant COVID-19 Impact on Predictive Maintenance in ICT Industry
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The initial part of the pandemic witnessed the slowdown in the businesses providing solutions and services. But the latter part saw increasing investments in analytics, collaborative applications, security solutions, and AI by many players in the market to sketch out a sustainable way of carrying on business activities amidst the pandemic threat. The pandemic has disrupted the industrial networks and manufacturing, including supply disruptions and demand-side shocks. Quarantines and health risks impacted the suppliers and global transportation, which affected the manufacturing sector. For instance, For the year 2020, manufacturing, and production was affected in 938 of the Fortune 1000 companies in China due to the disruptions faced by the tier 1 and tier 2 suppliers. This has affected the abilities of many companies to ramp up production. This created the need in the market to enhance manufacturing processes to make them robust and sustainable to the market anomalies. These factors increased the demand for analytics professionals, business intelligence professionals, and applications of technologies such as AI and ML for predictive maintenance to make the manufacturing system agile and increase the production capacity. IMPACT ON DEMAND AND SUPPLY CHAIN AND LONG-TERM STRATEGIES ADOPTED BY MANUFACTURERS Digital transformation has been the area of focus for a long time now for businesses. The COVID-19 pandemic has led many manufacturers and organizations to intensively invest in technologies across multiple business lines to sustain themselves in the disruptive market. For instance, a 2020 Deloitte Industry 4.0 survey states that out of the 361 executives surveyed across 11 countries, 94% report digital transformation as their organization’s top strategic initiative. With the easing regulations and life coming back to normalcy, the manufacturing sector is witnessing growing demand to ramp up production around the globe. Businesses are looking to maximizing throughout and increasing efficiency. Industries are increasingly adopting analytics to make manufacturing more resilient. Preventive maintenance is one of the important processes helping businesses to optimize efficiency. To meet the growing demands and to make up for losses, the industries are looking to produce in 9 months what they earlier did in 12 months. This has made it important to reduce downtimes in manufacturing plants, and the adoption of predictive maintenance is believed to play an important role in the direction. For instance, according to an ITIF research report, manufacturing productivity increases by 10-25% with IoT applications for monitoring machine utilization and maintenance. The increasing adoption of this technology will produce up to USD 1.8 Trillion global economic value by 2025. Industrial automation had been the focus of many manufacturers around the globe. The incorporation of IoT and technologies such as AI, Big data, and ML has been at the forefront for business owners and organizations to transform their business digitally. Manufacturers are gaining a strategic edge in the market in uncertain pandemic times, and are increasingly adopting predictive maintenance technologies to reduce the company’s maintenance costs, reduce unplanned outages, and extend machinery life by years. For instance, according to a 2020 survey by Deloitte, factory equipment maintenance costs can be reduced by 40% using IIoT based predictive maintenance technologies. This will help generate an economic value of USD 630 billion annually by 2025. 55% of the businesses surveyed have already implemented pilot predictive maintenance projects. The pandemic has forced employees to work from remote sites complying with social distancing norms. The manufacturers are intensively implementing IoT devices and digital transformation for providing the employees the ability to share and receive data and insights of the manufacturing floor in real-time to handle operations and monitor machine conditions. This has enabled agile decision-making, efficient operations, and avoiding unnecessary human presence on the site. The manufacturers are continuously developing new products, partnerships, collaborations for the predictive maintenance market. The initial stages of the pandemic saw a disturbance in the global supply chain. Limited manufacturing capacity and congested transport routes disturbed the supply ecosystem and impacted the costs of the end products. The disturbance has also been due to the restrictions imposed on logistics by various governments which affect raw material supply. The trade war between the U.S. and China has put a strain on the supply chain of electronics in the market, which is an important raw material for the home automation product manufacturers. For instance, In 2020, according to a survey by IPC, a trade organization dedicated to advocacy, education, and support for the electronics industry, around 69% of survey respondents had received warnings from their suppliers about shipment delays. The average delay between February to March 2020 was about three weeks. PRICE IMPACT The COVID-19 lockdown imposed by the government of the world had impacted the prices of predictive maintenance services. The increase in supply chain costs automatically increased the hardware cost around the world, in the beginning of the pandemic due to congested shipment routes and other factors. The lack of workforce and restriction on travel impacted the service sector and hence impacted the prices. The increased demand for the predictive maintenance in multiple sectors of the industry will impact the prices of the service. CONCLUSION The COVID-19 has not only attacked the health of human lives but has adversely affected the economy globally. There is a recession worldwide, and various industries have been affected due to it. Many manufacturing industries are being temporarily closed, and workers are being advised to work from home. Organizations and enterprises had to make a difficult decision in regards to staff, which are often unavoidable if businesses need to reduce costs quickly. Machine maintenance became harder in the manufacturing sector due to lack of staff in the pandemic, travel restrictions, and the shift to working from home as a standard procedure, making it difficult to have routine inspections and on-site maintenance. This forced the organizations to move towards technologies such as predictive maintenance and develop a more resilient manufacturing unit. The focus was diverted majorly towards remote maintenance, manufacturing cost efficiency, and preventing unplanned downtime. This boosted the adoption of preventive maintenance practices in industries. For instance, according to the UpKeep 2021 report, maintenance and reliability teams have remained financially stable during the COVID-19 period. Of all the maintenance teams surveyed, 66% say their budget is either staying the same or increasing in 2021.
Most Importance of Courier Services for your Online Businesses
In business, the pace of progress is so high. To achieve goals, products must move quickly from one place to another. Life is so rapid nowadays, and no one wants to wait for days or weeks for a single thing to receive or deliver. To provide timely delivery, an online business needs a courier service. The time of deliverance at the destination is crucial because it does not matter how instantly you made a product. If it is not delivered on time, it will be a total waste. What is a Courier Service? A courier service aims to send a parcel from one location to the destination as quickly as possible. They can be booked or even paid online just at one touch. A sender can decide whether a courier may collect it or it will be delivered to a nearby location and later be picked up by the courier. It is vital to use a courier service for shipping Canada to transport products safely and efficiently to the U.S. They need an experienced courier service that can provide affordable rates and assistance in customs procedures. Online businesses Most people prefer to manage their businesses online. They engage a large population. Online businesses are beneficial in attracting people across borders. Online business is the new form of business, and it is flourishing rapidly. But one thing that ensures the growth of these businesses is courier service. Sending your product to different areas of the world is troublesome. But a reliable courier service can make the functioning of your business relatively smooth. They are known for their tracking capabilities and super speed of deliverance. Importance of well-grounded courier service A trustworthy courier service works as a backbone for an online business. It acts as a bridge between you and your customer. Many people are still hesitant to trust such courier services. But its importance and benefits are so convincing. Time is very precious, not just for the customer but for the business owner as well. Sometimes, things are time-sensitive that must be delivered on time. In such situations, courier service can be significantly faster than any other method. On-time delivery increases the chances that the customer will come again. There are some susceptible products, and they need proper attention. A reputed courier service gives details on how they will handle the product from picking to transportation. Sometimes you feel restless because of the package, whether it is conveyed to the customer or not. This can be so problematic or even affect your peace of mind. The delivery tracking system is an efficient feature provided by many courier services. That keeps you aware of where your shipment is via email, SMS, or phone calls. Receiving any products after due time or mishandled packages can easily change anyone's mood. The worth of your product drops to zero within seconds. Choosing the exemplary courier service to avoid such an experience is essential. After all, customer satisfaction is the priority of any online business owner. And the reviews from the customers can be a game-changer for the whole business. Common issues There can be some issues related to the courier service, like the delay in delivery of the product or mishandling of the product that can create a wrong impression on the customer. The uncertainty in the location of the shipment might cause a panic attack. Some companies provide the cheapest rates. That can be appealing at first but they compromise on their services.
Tips to Increase Remote Employee Engagement
Many companies are now seeing the advantages of remote workforce engagement, which is leading to increased adoption. Many businesses find it appealing to recruit and retain highly competent staff in locations where they wish to reside. And employees love the ability to work remotely for most or all of their working day while still enjoying competitive employment conditions, including salary levels and benefits. From Fortune 500 companies to small businesses, there are many reasons why people choose to work remotely. Remote workers have more flexibility and autonomy over their schedules which makes them happier employees overall. Businesses save money on office space costs since they don’t need as much space for their employees anymore! However, employees who work remotely are more productive. This is the most obvious benefit of a remote team. People who work from remote places tend to be able to get their work done more quickly and avoid wasting time on distractions like office chatter, gossip, bathroom breaks, etc. When people can focus better, they create better results. Thus, better management of remote employees contributes in the following ways to accelerate your business growth- · Better retention of employees · Enhanced productivity · Improved client satisfaction · Increased innovation · Greater business reach · Better talent acquisition Ways to Increase Remote Employee Engagement - 1. Encourage social interaction 2. Promote knowledge sharing sessions through virtual meetings 3. Encourage peer-to-peer feedback 4. Assist your employees with the right tools to work 5. Give employees the flexibility to work How to manage remote employees with WorkStatus? The WorkStatus is a web-based project management software that is one of the most popular functions. It allows teams to make the most of their time together by setting working hours and task durations. One of its features is that it will enable you to determine when someone is at work, what they’re doing, and where they are. Workstatus’ remote employee monitoring service can help businesses save money, productivity tracking, manage projects, and track the time and engagement of an off-site team. You can easily manage your remote employees with WorkStatus as it provides the following benefits- · Track employee engagement with data and reports. · It automates project management. · Easy to control and view the system of remote workers. · Track tasks, time, costs, projects and manage the schedule. · Conduct interactive coaching sessions with workers across the globe. Sign up today to claim your free trial of employee monitoring software here - https://bit.ly/37AhKLB SOURCE : 7 Tips For Managers to Increase Remote Employee Engagement
Significant COVID-19 Impact on Hand Tools in the Semiconductors & Electronics Industry
COVID-19 Impact on Hand Tools in the Semiconductors and Electronics Industry COVID-19 made a major impact on the hand tools market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. To prevent the spread of coronavirus disease, the government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes. The companies such as pharmaceuticals and chemicals, among others, are allowed to continue operation but with certain safety rules. A hand tool is any tool that is not a power tool – that is, one powered by hand (manual labour) rather than by electricity or fuel. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers, chisels, and others. Hand tools are generally less dangerous than power tools. The global hand tools market size is estimated to be USD 8.4 billion in 2021 and is projected to reach USD 10.3 billion by 2026, growing at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world. However, factors such as an increase in safety risks and concerns due to improper use of hand tools are restraining the market growth. The shutdown of production facilities during the pandemic situation has had a significant impact on the market. The future of the hand tools market looks promising, with opportunities in increasing commercial as well as residential construction and infrastructure projects. The global hand tools market is expected to decline in 2020 due to the global economic recession caused by COVID-19. However, the market will witness recovery in the year 2021. The major drivers for this market are the increasing commercial as well as residential construction and infrastructure products. Emerging trends, which have a direct impact on the dynamics of the hand tools industry, include the introduction of more efficient power tools and the increase in hand tool automation to reduce physical work that might boost hand tool usage. IMPACT ON PRICE Although the COVID-19 pandemic continues to transform the growth and prices of various industry-related products, the price of the products with respect to the hand tools market maintain a steady line throughout the pandemic. This denotes that there are no major changes in the price of the hand tools due to the effect of the pandemic. IMPACT ON SUPPLY CHAIN Supply chains are complex systems where the risks and costs associated with mismanagement and communication failures in globally connected organizational networks are relatively high. For instance, · In May 2019, Stanley Black & Decker announced the opening of a new plant for the production of its brand CRAFTSMAN in Fort Worth, Texas. The new facility has an area of 425,000-square-foot and is expected to employ approximately 500 full-time employees Some of the most influential factors that affect the supply chain in regards to the hand tools manufacturing companies are companies seeking strategies to protect their position in the value chain, looking for new markets, finding new possibilities to leverage skills and offering more value to customers. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET Government efforts to encourage the adoption of hand tools in household alternatives have developed at a rapid pace in recent years. Governments in the European Union, China, Japan, Canada, India, and South Korea are among the major geographies where governments are taking aggressive measures to increase the adoption of hand tools in residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations. For instance, · There have been some major policy developments in the European Union. Improvements in hand tool requirements and the digitalization of hand tool based industries, which focuses on government procurement of increased usage of hand tool based systems which form a greater initiative · Another guideline, the 'Performance Buildings Directive,' has been established, which establishes minimum requirements for hand tool infrastructure installation in buildings Such favourable initiatives are anticipated to boost the adoption of hand tools in commercial and residential based projects and thus drive the adoption of the repair and maintenance operations market during the forecast period of 2021 to 2028. STRATEGIC DECISIONS OF MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Revenue growth for the hand tools market has experienced a decline in 2020 due to constricted economic activity expected as a result of the COVID-19 outbreak. So, the hand tools manufacturing companies have adopted various strategies to overcome the decline in revenue. Some of the most common strategies adopted by industries are as follows, · The reduction of experimentation costs due to the speeding up of the testing phase · The reduction of the number of costly physical prototypes and redesign linked to their fast obsolescence · The improvement of design quality via the availability of information very early on in the development process CONCLUSION Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers could win the fight against COVID-19. Also, COVID-19 has likely influenced the development of the hand tools market because of the closing down of processing plants, impediment in-store network, and decline in the world economy. With COVID-19 affecting countries at different times and rates, access to global demand through open markets, the pandemic situation created by COVID-19 has a major impact on the hand tools market as it has lowered its demand owing to the shutdown of most of the manufacturers all across the globe. Along with industrial disruptions, the commercial, construction, and infrastructure projects across the world were either cancelled or put on hold owing to the lockdown impositions. On the other hand, as the homeowners spent most of their time at homes during the pandemic, there was a noticeable shift in focus towards home improvements, interiors and home decoration activities at the residential/DIY level, which in turn called for a slight demand for hand tools. Thus, the hand tools and woodworking tools market is getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate as compared with 2019. On the other hand, improvisation of technologies has led to gain strong industrial growth. However, the growth has been high after the market has opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to high technology and interfaces that are expected to drive the overall demand of the market.
Significant Impact of COVID-19 on Bulk Material Handling System in Semiconductors & Electronics Industry
COVID-19 Impact on Bulk Material Handling System in Semiconductors and Electronics Industry The lockdown situation during the COVID-19 pandemic has highly impacted the global economy. Most of the governments from different countries imposed a lockdown to break the chain of coronavirus spread. All companies related to various industries have been shut down except a few dealing with COVID-19 operations such as pharmaceutical, essential goods and services and the food industry. As a result of the COVID-19 crisis, many bulk material handling companies throughout the world have had to either temporarily close or reduce their workforces to prevent the spread of the virus. Through worldwide shortages of goods, it soon was apparent how important the world’s manufacturing and warehouse productivity is to the economy. In the bulk material handling system market, the business impact eventually proved to be less severe than first anticipated once lockdowns and restrictions were lifted. Nevertheless, the limited access to customers’ sites affected both capital and aftermarket sales of suppliers throughout the year. The COVID-19 pandemic highlighted that automation is needed for supply chains to increase efficiency. During the recent period, very few percent of supply chains felt fully prepared for the coronavirus impact. However, the bulk material handling industry can develop this situation with innovation, automation and perseverance. AFTERMATH OF GLOBAL BULK MATERIAL HANDLING SYSTEM MARKET COVID-19 pandemic affected a wide range of industries, from small to large manufacturing companies. It hampered the worldwide demand for solutions in the bulk material handling system market up to a certain extent. Limited workforce and operational restrictions negatively affected the product development life cycle. But at later stages, when lockdown restrictions were lifted, demand got stable up to a certain point. The companies developed different strategies and technologies specific to tackle problems that occurred because of the COVID-19 pandemic. For instance, · Daifuku Co., Ltd., a material handling company, stated some measures and strategies to overcome the challenges faced during the COVID-19 pandemic in their annual report 2020. To prevent the spread of COVID-19 and maintain distance from one another required a new approach to service activities for systems post-delivery. Accordingly, they are working hard to use the Internet of Things (IoT), artificial intelligence (AI) and information and communications technology (ICT) to establish material handling systems that never stop or that will be able to recover immediately even if blocked. They will continue to support stable operations of customer facilities by introducing new technologies and services, including remote operation, while ensuring the lives, safety and health of employees and their families. Likewise, many companies have started introducing new technologies and methodologies in the COVID-19 situation to remain better positioned in the market. Losses during this period can be overcome in the future by taking this slowdown to redesign and refresh the business processes and logistics operations. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION Market players have an opportunity to upgrade their operations and prospective for the betterment of their companies. Automation is the key to success in this unpredictable world. Different crises, labour shortages, natural disasters impact a lot on every industry. So being one step ahead of time and understanding the market well will ensure the success of the market player. In this COVID-19 pandemic, many companies adopted process automation and customization as an opportunity to survive and grow. Some of the instances are mentioned below: § Automation to overcome labor shortage: Though recent events have worsened the labor gap, the labor shortage is not new for many industries, as more workers retire and skills requirements increase. Automation offers solutions to some of these problems. Automated Process Equipment Corporation provides solutions and services for bulk material handling companies to overcome labor shortages during this pandemic situation. Super sack handling, accurate measuring, automatic routing, easily reprogrammable controls and electronic record keeping are solutions that will improve automation and reduce the dependency on the massive number of laborers. § Customized Solutions for Booming Market: KWS Manufacturing Company Ltd. partnered up with Coperion K-Tron to provide the solution for the world’s most significant high-density polyethylene and polypropylene suppliers, which is used in consumer and industrial goods ranging from plastic bags and bottles to N95 medical masks and face shields. Due to the increased demand for polyethylene and polypropylene, expanding the client’s extrusion line required new loss-in-weight additive feeders and a mixing screw conveyor. KWS and Coperion K-Tron sales and engineering teams collaborated to ensure the extrusion line expansion would be successful. IMPACT ON SUPPLY AND DEMAND COVID-19 has disrupted the supply chain on a global scale. International trade restrictions and customs regulations resulted in longer wait times and a lack of capacity for long-haul deliverables. During this pandemic, the demand for bulk material handling solutions decreased because of the limited access to customers’ sites. This affected both capital and aftermarket sales throughout the year. Most of the companies faced challenges in managing on-time project completion and order deliveries. However, many companies took this to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness in such a period. For instance, · ThyssenKrupp AG Company adopted the digitization of their business processes and supply chains in 2019-2020. Their focus was on the introduction of automation solutions which included the new mobile app “Paperless”. This app allowed digitizing day-to-day processes in warehouses such as bookings, preparation of work schedules and material identification. It also created the conditions for using other automation solutions, such as driverless transportation systems, to be used in a new state-of-the-art logistics center for ThyssenKrupp Schulte. Such positive changes and automation in the supply chain will enable the companies to emerge stronger and supply chains that are more resilient to future disruptions. CONCLUSION The global bulk material handling system market suffered losses during the recent period because of COVID-19’s negative impact on global demand and supply chains. Yearly sales for the market-related products got hampered due to limited access to customer’s sites. But relaxation in lockdown regulations after few months helped the market to somewhat come back on track. However, many companies started building new technologies to overcome supply chain problems in pandemic situations. They adopted digitization and automation in day-to-day business processes and supply chains. Although it will take some more time for companies to come back on track, this period made everyone realize the need for up-gradation in many business aspects.
Medical Supplies Market - Future Growth, Comprehensive Analysis & Key Players
According to the new market research report “Medical Supplies Market by Type (Diagnostic, Dialysis, Wound Care, Disinfectants, PPE, Radiology, Sterilization, Catheters), Application (Urology, Cardiology, Infection Control), End User (Hospitals, Clinics & Physician Offices) – Global Forecast to 2025″, published by MarketsandMarkets™, is projected to reach USD 133.5 billion by 2025 from USD 132.6 billion in 2020. Browse in-depth TOC on “Medical Supplies Market“ 126 – Tables 45 – Figures 227 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64344238 The increasing prevalence of chronic diseases across the globe, increasing government and corporate investments in healthcare projects and infrastructure development, rising demand for infection control measures to curb the occurrence of HAIs, and the rising demand for medical devices are driving the growth of the global medical supplies market. Moreover, the rising medical tourism and emerging markets are expected to offer significant growth opportunities to players operating in the market for coming years. Catheters accounted for the largest share of the medical supplies market, by type, in 2019 By type, segmented into diagnostic supplies, infusion & injectable supplies, intubation & ventilation supplies, disinfectants, personal protective equipment, sterilization consumables, wound care consumables, dialysis consumables, radiology consumables, catheters, sleep apnea consumables, and other medical supplies. The intubation & ventilation supplies segment is expected to grow at the highest growth rate during the forecast period. The growth of this segment is driven mainly by the rising prevalence of respiratory diseases such as asthma and COPD across the globe. The other applications segment accounted for the largest market share in 2019 The applications market is categorized into urology, wound care, radiology, respiratory, infection control, cardiology, IVD, and other applications. The other applications segment held the largest market share in 2019, due to factors such as the increasing number of surgical procedures, rising prevalence of dental diseases, and the increasing focus on adhering to proper waste disposal methods. Hospitals accounted for the largest share of the medical supplies market, by end user, in 2019 The end-user segment of this market is categorized into hospitals, clinics/physician offices, and other end users. Hospitals form the largest and the fastest-growing end-user segment in the medical supply market. This can be attributed to the increasing investments in healthcare systems and the high prevalence of infectious and chronic diseases. Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=64344238 North America was the largest regional market for medical supplies in 2019 The global medical supplies market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest market share, followed by Europe. The increasing incidence of COVID-19 in the US and the implementation of various supportive initiatives by the Canadian Government are the major factors driving the growth of the market in North America. The prominent players operating in the global medical supplies market include Medtronic (Ireland), Cardinal Health, Inc. (US), BD (US), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (US), Thermo Fisher Scientific, Inc. (US), Baxter International, Inc. (US), Avanos Medical, Inc. (US), 3M (US), Smith & Nephew (Ireland), ConvaTec Group Plc. (UK), Abbott (US), Cook Medical (US), Merit Medical Systems (US), Stryker (US), Terumo Corporation (Japan), Teleflex Incorporated (US), Fresenius Medical Care AG & Co. KGaA (Germany), and Coloplast Group (Denmark).
What is BRCGS, and Why Is It Significant in Flexible Packaging?
In the food sector, it's critical to understand how to keep a working environment clean and what materials should be used to package the product. These materials could react with the food and render it unhealthy, and therefore caution must be exercised. This is why working with reputable ISO 14001:2015 Consultants in Gujarat may help you decrease and regulate your company's environmental impact. When you're just getting started, it's critical to keep an eye out for product safety and quality management systems. Engaging with a BRCGS packaging consultant in Ahmedabad may help you with this. They are trained on conceptual requirements and critical triggers for the need for implementation, either to suit the nature of your business or to assist you on your company's journey to full Standard implementation. What is The BRCGS The British Retail Consortium (BRC) was founded by merchants who wished to standardize food safety standards throughout the supply chain. With the fast global expansion of food and packaging enterprises, food safety has become a more pressing problem, particularly for those entering the food supply chain, producing packaging, and developing materials. It is critical to obtain the BRCGS certification in order to assure customer safety and maintain brand reputation. Choosing a packaging provider with BRCGS certification for packaging materials has a number of advantages. Here's a rundown of what's been said so far: Certification that is well-known over the world The BRCGS for packaging materials is the first worldwide food safety packaging scheme recognized as the industry standard. Working with ISO 14001:2015 Consultants in Gujarat to ensure packaging quality describes the product safety, quality, and operational standards that must be in place within a package manufacturing organization. Win Customer and Supplier Confidence Many retailers, brand owners, raw material processors, and packaging manufacturers embrace the BRCGS and accept it as part of their supplier clearance processes throughout the world. Choosing a BRCGS packaging consultant in Ahmedabad provides with a BRCGS certification can help ensure your customers have faith in your products, whether you're a well-known brand or a startup in a new market. Achievable and Budget-Friendly The Standard, which was created by packaging and product safety specialists, includes product safety management systems as well as internationally recognized manufacturing best practices. There's also a well-defined, step-by-step approach to certification. Tool for Effective Marketing Brands can use the BRCGS certification as a positive marketing tool to show customers that the product they're buying is well-packaged and meets food safety regulations. By employing a BRCGS certified packaging provider, you can improve product safety, reduce waste, complaints, recalls, and rejected items by displaying this certificated insignia on public-facing products like packaging, websites, online content, and marketing materials. Final Words,  Food packaging, like other sectors, has an impact on everyone on the earth, which is why ISO 14001:2015 Consultants in Gujarat have developed special rules for food packaging and other industries. Working with a reputable BRCGS packaging consultant in Ahmedabad can help with the adoption of the Global Standards, which not only ensures product safety and quality but also provides additional protection in the event that the company is prosecuted by the authorities. Source: How does BRCGS packaging Consultant help you in Flexible Packaging?
How COVID-19 Impacted on Intelligent Vending Machines ?
COVID-19 Impact on Intelligent Vending Machines in Semiconductors and Electronics Industry The pandemic begins with its epicenter in China in 2019 and has been continuously spreading by then to all over the globe, so far 216 countries and territories have been affected with COVID-19. The COVID-19 cases reaching to various countries which have strong dominance in the worldwide market and have adversely affected the economic growth globally. The spread of coronavirus has led to severe disruption such as global recession, many organizations are being forced to take stringent actions as lying of their employees and staffs, small and medium business is being shut down, and manufacturing & production facilities are being put on hold for a longer period. However, apart from this, the demand for food and beverages witnessed huge growth but this has increased the shortage of supply chain due to the panic buying from the populations. Similarly, the demand for the pharmaceuticals, chemical, and healthcare industry also increased as new solutions and medicines are getting introduced for taking preventive measures. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. The intelligent vending machines are controlled by a computer and backed by a cloud-based management system. The cloud allows for live inventory monitoring and sales data that was previously unavailable or extremely delayed. Vending machines have evolved into a new class of automated retails kiosks with the use of modern technology. The range of products that can be dispensed by these machines is unbelievable. A custom vending machine can also be created that can be customized to the products that are dispensed. AFTERMATH STRATEGIES FOR INTELLIGENT VENDING MACHINES MARKET AND GOVERNMENT ROLE The COVID-19 pandemic was not predicted by any government to be ready for. The pandemic resulted in many changes brought by the government to the usual norms of operations for multiple industries around the world. The pandemic affected the market and consumer behavior, this created volatility in the economy. Smart vending machines are the next evolution of retail because they allow the business to reach customers in new locations and new ways. They also serve customers with ease and efficiency by only displaying what selections are in stock. For instance, § Vending machines of Azkoyen will be installed in the new AVLO trains, the low-cost high-speed train. These vending machines will provide drinks and snacks to more than 400 Avlo passengers with their automation. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION To improve and reinforce the services of traditional vending machines, AAEON has provided an intelligent solution to facilitate their functions. Ideally, smart vending machines integrate seamlessly with important systems including commerce, ERP, operations, and inventory management. The industry is now growing towards API-driven, headless commerce supports integration with any touchpoint. For instance, · The smarter solution, called brainy, offers an exceptional shopping experience. Along with the coming of the Internet of Things (IoT) age and its increasing prevalence in our daily lives, Brainy supports Intel Realsense technology through AAEON’s “UP” board, a credit-card-sized single-board computer. STRATEGIC DECISIONS FOR SERVICE PROVIDERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The market players are now taking many strategic decisions to gain their market share and profit after COVID-19. Strategic decisions such as mergers & acquisitions and technological innovations are helping market players to regain their share. The companies are converting their intelligent vending machines into unmanned retailers with limited space and this strategic decision will help the companies to boost their sales as these kinds of vending machines are capable of dispensing any goods irrespective of their size and shape. The integration of IoT in vending machines will help companies to increase their sales. DEVELOP NEW SOLUTION The Intelligent vending machines will need to be staffed differently to cater 24*7 to provide service. The companies are developing new solutions by strategic partnership and collaboration. OFFER NEW SERVICES TO MANAGE THE INTELLIGENT VENDING MACHINES SOFTWARE The companies are trying to offer new services to the customers with the help of new strategies and opportunities and also due to recent development in vending machine products and services. By maximizing the operational opportunities to minimize the cost, the companies are investing in R&D to improve their services. The use of vending machines allows businesses to operate 24 hours a day 7 days a week. OTHER GROWTH OPPORTUNITIES FOR MARKET PLAYERS TO PURSUE IN 2020 The vending machines and micro-markets leave a space for a solution that has significant potential growth. This type of machine will include a full micro market with a reasonably large number of SKUs. Several North American and European operators are offering such solutions. IMPACT ON PRICE The lockdown imposed by the government of the countries had adversely impacted the prices of the intelligent vending machines services due to the implementation of remote working. The prices of the services have been increased as the software has been shifted to the cloud which has resulted in increasing physicals security. The prices of the vending machines have been increased as now the traditional vending machines have been replaced by automated vending machines which incurred high cost and ultimately affect prices. A vending machine is a retailer with limited space and such engineering requires high cost which will increase the prices of the intelligent vending machines. IMPACT ON DEMAND The pandemic has caused a decrease in demand for vending machines. With the fast converting life of the population and digitalization in vending machines such as IoT, the companies are under the transformation of their products such as cashless payments and safe products delivery which will eventually help in increasing demand. The COVID-19 has impacted the demand for the vending machines as the employees started working from home. 80% of the vending machines were majorly located at offices and workplaces which are closed and ultimately causing a failing economic activity. The healthcare industry has not seen a much decline in vending machines as they are essential for healthcare personnel. The overall COVID-19 has impacted the demand for vending machines negatively. For instance, · The Azkoyen Group, a leading Spanish technology offers automated vending machines has received an award. The award is regarding the best vending machine supplier and has great technology of automation. IMPACT ON SUPPLY CHAIN The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. These cloud platform services also save the cost of the companies as they are paying as you use services but this has increased intelligent vending machines and services. The COVID-19 has also affected the supply chain of intelligent vending machines which results in the loss of the industry. Due to lockdown imposed by the states and taking into consideration the safety, the installation of the intelligent vending machines was on hold as the supply chain was hampered. The cost of supplying machines and their spare parts were also increases which ultimately increases the prices of intelligent vending machines. CONCLUSION The micro-markets are not only for traditional vending machine operators. By the nature of operations and data management, the micro-market can be an ideal solution for retailers wishing to expand beyond the store and allow customers 24/7 availability of the products. The digitized systems, equipped with a large number of sensors and available data will become a rich source of data to be analyzed for the stakeholders which will help in finding trends and growth. The different innovations in vending machines such as the integration of IoT which supports cashless payments, safe delivery are the market opportunities. Companies are now simplifying convenience by using such technological innovations. The market is now moving towards unmanned retail stores due to pandemics which can be a great opportunity for the vending machine market as they can deliver goods and any packaging units. The growth of the market will be slow after the pandemic but it will surely rise and will gain popularity.