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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.
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COVID-19 Impact on Cellular IOT in Information and Communication Technology Industry The pandemic started with its epicenter in China in 2019 and has been continuously spreading by then to all over the world, so far 216 countries and territories have been affected with COVID-19, the U.S. being on the top with cases reaching about 4.38 million, followed by Brazil, India and then by many European countries such as Russia, Spain, Italy, and others. The COVID-19 cases reaching to the big named countries with strong dominance in the global market which has adversely affected the economy globally. The spread of the Corona virus has led to the global recession, many companies are being bound to take stringent actions of laying off their employees, small businesses are being shut, manufacturing facilities are being put on hold. 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. However, now almost in every country, the factories are started to reopen by taking some prevention such as 20% -50% employees on the field, social distancing, extreme hygiene measures, and others to support the economy. It is supporting the economy and helping to lower the recession rate at a certain level. The pandemic has boosted the growth of the cellular IoT market. In response to the COVID-19 virus, many companies are moving towards working in a more virtual environment. This has placed a focus on organizations embracing collaboration tools and practices to support the virtual workplace. Organizations around the world are supporting the BYOD model (bring your device) to enable sales professionals to better serve their customers and prospects. Moreover, government mandate of work from home (WFH) policies has driven organizations to increasingly focus on more effective ways of engaging with customers in a remote working environment. Shifted focus towards work-from-home requires reliable connectivity and thus businesses will demand connectivity for monitoring and managing assets securely which in turn increases the demand for cellular IoT. The pandemic has exposed bottlenecks and inefficiency in the supply chains due to which businesses were leveraging cellular IoT for consignment and condition tracking to reduce revenue loss and improve product flow. Moreover, the broadband infrastructure all over the world upsurged due to a massive increase in video conferencing and video content streaming due to which cellular IoT becomes a key part of the new digitization era. For instance, · In June 2020, according to Telna whitepaper titled ‘The COVID-19 Impact on Cellular IoT’, new demand for cellular IoT following the pandemic could lead to over 11 billion cellulars IoT connections in the year 2025 IMPACT ON DEMAND The pandemic has boosted the digital transformation of industries; companies are focusing more on digital technologies to interact with their clients and customers. People are also more reliant on digital sources. The healthcare market is increasing rapidly in this pandemic. Cellular IoT (Internet of Things) in healthcare provides numerous opportunities that benefit both patients and businesses. It allows integrating and combining consumer and clinical data to create smarter and more meaningful connected consumer and care solutions and thus there has been increased o demand for cellular IoT in healthcare. 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Companies are making their operations work according to the government regulations by making limited workers work in different shifts. Industries were facing operational and supply chain disruptions, breakdowns, and labor shortages. Most cellular IoT providers have a large backlog of orders in hand due to chip shortages because of the disruption in the supply chain. However, now there is an improvement in the supply chain as most of the facilities and travel restrictions have opened and working in most optimum capacity. The companies are doing their best to meet the increasing demand. For Instance, · In May 2021, the chip shortage has affected the shipment volumes and profit margins of cellular IoT. Also, the global semiconductor shortage due to pandemic had affected some cellular module companies LONG TERM STRATEGY ADOPTED BY MANUFACTURERS OR STEPS TAKEN As the COVID-19 crisis continues to expand, makers would possibly face challenges on varied fronts. Producing firms would be searching for immediate measures to stay their workforces safe and their businesses solvent. Makers would conjointly have to be compelled to look on the far side of their economic viability. Because the COVID-19 pandemic intensifies, makers would possibly face continued pressure on demand, production, and revenues. They’d continuously face cash-flow liquidity challenges and difficulties in managing debt obligations. The pandemic has boosted the growth of the cellular IoT market. Thus, developers and providers were focusing on strategic decisions like partnerships, acquisition, product launch, mergers, and collaborations to meet the increasing demand in the Covid outbreak. For instance, · In April 2021, Bharti Airtel launched Airtel IoT, an integrated platform that would enable enterprises to utilize the power of the Internet of Things and prepare for the emerging era of connected things. It provides with the capability to connect and manage various devices and applications · In April 2019, AT&T launched its narrowband IoT (NB-IoT) network across the U.S., to complement its LTE-M network along with high-speed cellular coverage. Some of the IoT use cases include programs such as smart meters and location tracking, as well as connected street lights and smart appliances 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 can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to ICT markets. However, COVID-19 boosted the growth of the global cellular IoT market due to factors such as an increase in IoT connections, growing support from the government toward IoT initiatives, shift toward remote working, adoption of 5G network, surging networking budgets in countries, and ongoing development in wireless networking technologies.
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How COVID-19 Impacted on Green Steel in Chemicals & Materials Industry ?
COVID-19 Impact on Green Steel in Chemicals and Materials Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the latest situation report by World Health Organization (WHO) stated 175 million cases of Corona have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and a total of 2 million vaccine doses have been administered as well. Steel production necessitates the removal of oxygen from iron ore to generate pure iron metal. This is done in traditional steel-making using coal or natural gas in a CO2 emitting process. In the manufacture of green steel, hydrogen derived from renewable energy substitute’s fossil fuels. COVID-19 has adversely affected the demand of the global green steel market, particularly, in the power and energy sector. Pandemic has also affected the import and export of steel products across all the regions which have resulted in the decline in the demand for green steel. The demand for green steel has declined approximately by 12%-14% in the COVID-19 period. The COVID-19 has unbiasedly affected all sectors due to which the mandate of the several products in the global as well as in the domestic market has affected. The prevailing green steel demand conditions in the majority of developing nations demonstrate that steel consumption has declined in the pandemic situation. Several large industries that are engaged in the manufacturing of green steel have faced several challenges. However, the post- pandemic scenario has already accelerated both technological advancement and the green transition. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE GLOBAL Green Steel MARKET China, the world's largest steel producer, has pledged to become carbon neutral by 2060, generating almost half of the world's supply. About 15% of the country's carbon emissions come from the steel industry. Post COVID-19, 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 for green steel products and will increases the import of green steel. With the stringent government regulations, particularly, in the field of infrastructural, the demand for green 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 modern electric vehicles, the demand for green 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 manufacturers into extreme slumps. The effects of the pandemic will largely affect small and medium businesses. Green steel is extensively used in the manufacturing of electric motors and components which are brought to application in electric appliances. During the COVID-19, manufacturing of the heavy equipment has tumbled down which result in a fall in the demand for green steel in motors application. During the pandemic, several heavy electrical equipment manufacturers have shut down production for more than 6 months which have had a bad impact on the demand for the green steel market. IMPACT ON PRICE The steel industry is also playing a crucial role in the green steel market since tons of steel and other metals are used in the manufacturing of green steel. The pandemic of COVID-19 has also impacted the demand for 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 steel products which result in lower revenue generation. As the steel demand is declining, integrated steelmakers in U.S. steel manufacture have decided to idle blast furnaces and cut production of steel. IMPACT ON DEMAND During the COVID-19, manufacturing of the heavy green equipment has tumbled down which resulted in the declined demand for greens 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 have collapsed. During the pandemic, several green equipment manufacturers have shut down production for an indefinite period, which has an adverse impact on the demand of green steel market IMPACT ON SUPPLY CHAIN The 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 end-users. The COVID-19, which led to the abrupt halt of the transportation sector, indirectly affected the supply chain for the green 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 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 can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing the second wave is expected to be more disastrous not only to the masses but also to CnM markets. The COVID-19 crisis has created a 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 for green steel products, which eventually, lead to a huge loss for manufactures. The manufacturers of green steel components and equipment had to abruptly halt the production which had an impact on the supply chain. Growing demand for carbon-neutral industrial products is boosting the demand for green steel. The fluctuation in the price of steel has also impacted the manufacturing of green steel. Progressive demand for electricity and power as well as the launch of green vehicles will increase the demand for green steel in coming years.
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How COVID-19 Impacted on Waste Water Treatment in Chemicals & Materials Industry ?
COVID-19 Impact on Waste Water Treatment in Chemicals and Materials Industry Wastewater treatment involves numerous biological, and chemical process where wastewater that contains contaminants are purified after the removal of the pollutants and the effluent obtained after the purification is cycled back to nature. Although treatment of wastewater normally takes place in a wastewater treatment plant or sewage treatment plant, the capacity, as well as technical capability of the facility varies according to the origin of the wastewater. For instance, wastewater that originates from industries is treated in industrial wastewater treatment plants that are employed with advanced chemical, biological and mechanical pieces of equipment and technologies. Some of the most common classifications of wastewater treatment plants include phase separation, biological and chemical separation, polishing, among others. Since the demand for freshwater is growing exponentially day by day, water treatment or recycling has become a necessity, particularly since urbanization is gaining a stronger pace in emerging economies. As water is an important commodity for human survival and demand for the respective product is expanding. Recycling contaminated water has become of paramount importance. As a result, the global wastewater treatment market is gaining popularity and widespread acceptance across various nooks and crannies of the globe. COVID-19 IMPACT ON GLOBAL WASTEWATER TREATMENT MARKET Even though the COVID-19 pandemic disrupted many a market across the globe and inflicted the global economy with one of the toughest crises after World War II, certain markets benefited from the pandemic from moderate to an extensive scale. The global wastewater treatment market is one such market that gained an additional market push due to the pandemic. Since SARS-CoV-2 viruses are capable of being transferred through water, large-scale treatment of water across cities, municipalities have become extremely important to curtail the spread of the virus. Similarly, the need for proper and advanced wastewater treatment in hospitals has become a major priority for governments as well authorities to contain the secondary spread of the virus. As a result, decentralized wastewater treatment plants with multiple disinfection barriers in quarantine centers, isolation wards, among others are gaining popularity across the post-COVID-19 world. In short, due to the growing demand for clean water for various industrial and human indispensabilities, the overall demand for water treatment has been growing exponentially over the years. Further, the spread of COVID-19 boosted the necessity for proper wastewater treatment in varied segments as the SARS-CoV-2 virus is capable of transferring through water sources. However, due to various restrictions in economic developments and investments such as supply disruptions, and emergency measures implemented by the government, the scale of development in the global wastewater treatment market is lackadaisical. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET To minimize the damage caused by the pandemic COVID-19 across the globe, various governments are implementing various measures. However, several such initiatives are boosting the demand as well as sales of the global wastewater treatment market. For instance, · After a considerable scientific exploration into the pandemic and the SARS-CoV-2 virus responsible for the pandemic, the presence of SARS-CoV-2 in sewage treatment plants was confirmed. As a result, the executive secretary of Basel, Rotterdam and Stockholm Convention (BRS) argued for the importance of wastewater management, particularly from the medical, household, among others, and named it as an essential public service to ensure minimal impacts on human and environment in the battle with COVID-19. Such governmental safety measures could spread awareness regarding wastewater treatment and could boost the pace associated with the growth of the global wastewater treatment market. Nonetheless, the pace of growth is still significantly primitive due to various socio-economic limitations associated with various parts of the world. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Manufacturers in the global wastewater treatment market experienced several adversities due to obstructions in the production facilities. Manufacturers have taken many strategic decisions such as collaboration and partnerships for the development of efficient technologies and for increasing production rate to meet the market demand once it returns to normal. Utilizing e-commerce and the establishment of local supply chains are also some of the new strategies used by various manufacturers to counter the effects of COVID-19. Moreover, several industries have enhanced information transparency among each other and are working together to help each other to overcome the financial constraints experienced and to increase cash flow into the business. PRICE IMPACT The price of water treatment equipment and accessories is expected to fluctuate due to an expected disturbance caused by the outbreak of coronavirus disease (COVID-19). Such market fluctuations have prompted manufacturers to find new contract manufacturers and suppliers to shift production operations along with new contracts for the supply of raw materials. Due to an increase in production cost and reduction in profit margins due to the shortage in raw materials, components, and difficulties in the commercialization of products, many a manufacturer is increasing prices of their products. For instance, · In June 2021, Ecolab Inc., a global leader in water, hygiene, and infection prevention solutions and services, has announced that a pricing hike of 9% and 15% will be introduced to the company’s industrial segment products effective immediately or as contracts permit due to an escalation of energy and raw material costs, limited availability of raw materials and rising transportation, packaging, utility and personnel costs IMPACT ON DEMAND COVID-19 has induced a multi-layered crisis comprising domestic price fluctuations, the overall decline of external demand, along the collapse of prices that have an impact on supply and demand for goods. The impact of this could be contemplated across the globe irrespective of the market. The COVID-19 pandemic has affected every aspect and sector as COVID-19 is an emerging, rapidly evolving situation across the world. However, several manufacturers in the global water treatment market have been utilizing this opportunity to launch new products and to address the demand created by the global discovery that the SARS-COV-2 virus is capable of transiting through wastewater. For Instance, · Suez Group introduced monitors the presence of SARS-CoV-2 in wastewater networks, capable of detecting the British variant, among others. This system manufactured by the Suez Group is currently being used in around 100 local communities in Spain, utilized by around 13 million inhabitants. Similarly, the same system is employed in100 local communities in France, with 1.8 million inhabitants. The same water treatment system is also utilized in the UK, the US, and Latin America. In short, it is appropriate to conclude that the pandemic, COVID-19 has boosted the overall demand for wastewater treatment plants and equipment across the globe. Nevertheless, the extent of the respective demand growth is relatively limited. IMPACT ON SUPPLY CHAIN The sudden outbreak of COVID-19 and its subsequent impact on restrictions on trade and movement of goods has resulted in a shutdown of vast portions of the global economy. This has in turn disrupted supply chains of the global wastewater treatment market due to the limited availability of materials and workforce. Further, due to the lockdown scenario, and restrictions in international trade, several manufacturers are also facing difficulties in clearing their old stocks. As a result, it could be conclusive to say that overall of the supply chain of the global wastewater treatment market is affected horrendously by the COVID-19 pandemic. Nevertheless, the governmental measures to unlock economies and global trade in recent months could be considered as a sign of shimmering hope for the global wastewater treatment market. CONCLUSION To recapitulate, although COVID-19 has caused a major disruption to many global economies, the pandemic has slightly boosted the demand in the global wastewater treatment market due to the fact that the SARS-CoV-2 virus, that is responsible for the pandemic could spread through savage water. The governmental regulations and initiatives regarding the urgency to curtail the pandemic also have been helping the respective market to grow. However, due to disruptions in supply chains of final products as well as raw materials, the global wastewater market is unable to tap into the demand and sales growth provided by the COVID-19 pandemic. As a result, a large-scale price increase is witnessed in products associated with the respective market. When combining and considering all these factors, it could be concluded that though, the pandemic COVID-19 has been difficult for the global wastewater market, lackadaisical progress could be witnessed for the respective market in terms of demand and sales. However, the respective market is capable of fully unleashing its potential and make excellent economic growth once the current disruptions in supply chains and manufacturing have been retracted.
The Use of Digital Signage: A Peek into the Future
Have you ever noticed the number of screens around us is increasing quickly? Previously, we only had a TV at home. And some had the luxury of a PC and monitor as well. But now, screens are everywhere. The route you take to reach the office has at least one or two screens. Advertising through digital signs has become common. Statistics say digital signage has a 47.7% effectiveness on brand awareness. Your workplace also has multiple screens. Hospitals, government offices, and even schools have screens today. Some are used for educational purposes while some help people to navigate their way. In short, the use of digital signage is prevalent today. Not just in one particular region or sector but all over the world, in every field. And one can only guess how the use of these screens will further grow in the future. Here’s a peek into the future of digital signage: AI-Based Automation Since digital signage has been used in different sectors, with little automation, it can bring revolution in different sectors. For example, a digital screen used in a school can display different types of content at different times of the day. Or signage used on the road to help people navigate, the same screen can show different directions one by one. In short, AI-based screens will pave the way to show appropriate advertisements at different times. And once AI has become intelligent enough to answer specific queries, digital signage will be used in the health industry, information technology, demographic advertising, etc. Use for Corporate Corporation The use of digital signage in a corporate world, for corporate communication, might not be a straightforward thing. But worldwide popular brands that employ thousands of people and have big offices can use these screens for corporate communication. PwC(a multinational professional services network of firms) has 2000 employees. They recently relocated their offices to Dublin. And to keep all of their employees up to date with the latest information, they installed 29 digital signs in high footfall locations throughout the 22,000 sq ft office complex. Now, their staff can get all the recent work-related updates as they walk to lunch or between meetings. And through these screens, the company can show people what their business is about and their workplace policies to the visitors. Touch Screen Innovation Since the rise of touch mobiles, human minds have become accustomed to touch screens. Imagine using a traditional mobile phone with a keypad, would you be able to deal with it now? Most probably not! And that’s why we will have more touch screens in the future. In fact, in some countries, they have already become quite common. People use these screens to get a cup of coffee, their favorite snacks, leave a customer review outside a shop, and much more. Digital Signage for Enhanced Branding The most common use of digital signage is an advertisement. You can boost your brand awareness campaigns by using digital signage at the relevant spots. Though they are still used for branding purposes but are not really common because of the price. However, in the future, digital signage will become flexible. You will have these screens available at different prices ( varying from quality to quality of the signage) and even smaller brands would be able to afford them. Live Streaming Live streaming of sports events has become common. You must have come across screens showing a live football or cricket match to passing by cars. And when the match enters crunch moments, you can imagine the traffic jam. Digital signage is still being used for live streaming purposes, though very rare. But in the future, more people will invest in these screens to livestream podcasts, sports events, and promotional content produced for the promotion of their brand. Intelligent Advertisement Intelligent advertisement can cut down your marketing expenses and increase your ROI to a great extent. Only if you could show your ads to the right people (males or females of a particular age who are more likely to be interested in your product), businesses will reap huge revenues. That’s where digital signage can make the difference. Imagine an individual walking into your store. The digital signage detects the face and because it’s intelligent, it can detect if the visitor is a male or female, his/her age, etc. And once it knows who the visitor is, it can automatically show him/her the products the visitor is more likely to buy. In the future, brands will invest heavily in AI. And artificial intelligence coupled with digital screens will pave the way for effective, ROI-driven marketing. Summary When it comes to the use of digital signage in the future, the possibilities are endless. One can only imagine the future with the current trends, and emerging technologies. However, one thing is for sure, digital signage will make a big difference. If you need one of such signages for your business in Dubai, get in touch with a reliable signage supplier in Dubai
How COVID-19 Impacted on Wood Based Panel in Chemicals & Materials Industry ?
COVID-19 Impact on Wood Based Panel in Chemicals and Materials Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the situation report of 7th June 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well. Due to the outbreak of COVID-19, demand for wood-based panels from various end-users such as residential & commercial buildings, schools, malls, and hotels is impacted due to the lockdown imposed by various national governments globally. Due to lockdown restriction, all manufacturing activities are put on hold due to lack of labour & raw material supply, which limits the demand for wood-based panels in the market. For all the key segments of the forest sector (wood harvest, sawmills, wood-based panels, pulp and paper, and wooden furniture), the biggest impact from COVID-19 was the disruption of cross-border trade, which sharply dropped in the first three quarters of 2020 compared to the same period of the previous year. Aftermath of COVID-19 and Government Initiative to Boost the Market After the COVID-19 pandemic, the wood-based panel market is expected to gain momentum due to the increasing demand from various end-users. Government of an economy and their policies plays an important role in revamping the global economy back to its anterior state. Currently, many policies are being formulated by governments for creating employment along with the utilization of resources for bringing production and sales in the market back to their previous glory. During the pandemic, various nations’ governments took immediately drastic steps to curb the increase in contamination with COVID-19 by restricting travel, closing international borders. While the various government has eased restrictions to allow the manufacture and export/import of the various goods. For Instance · European commission has issued a decision that allows for import duty and VAT relief for goods to combat the COVID-19 outbreak. Relief from import duties and VAT for goods to combat the COVID-19 outbreak is issued in Europe as a government measure to boost the country’s economy However, the governments of various nations are also trying to revive the economy with strategic decisions such as revival package of initiatives to support the small, medium, and large industries, including guaranteed loans, the micro to medium-sized enterprises were provided government support for workers’ wages, to cover interest payments on loans and to provide operating capital. Other benefits include deferral of payments on corporate income tax for businesses, including the elimination of interest payments on outstanding loans for up to three months. Strategic Decision for Manufactures after COVID-19 to Gain Competitive Market Share Although the COVID-19 pandemic has disrupted the global economy, various manufactures are trying to take market share in the region with their various CSR programs. Various international organizations of wood-based panels are also holding a virtual conference to look at furniture & design trend movements, the performance of global wood-based panel markets, and an update on innovative technologies in the wood-based panels. For instance: · Wood-Based Panels International (WBPI) holds a half-day virtual event on May 11, 2021, to look at how the international wood-based panels industry has adapted to the current pandemic, with a special focus on furniture trends Impact on Price COVID-19 has complicated the situation by depressing the various industry sectors' growth across the globe. The economic downturn weakens the demand in local as well as global markets. Due to the spread of the COVID-19 pandemic, the price of the raw materials increased drastically which in turn increased the price of lumber panels. Other factors that put upward pressure on lumber prices are the increasing cost of manufacturing and transportation. Various stakeholders are involved in the production chain of procuring, harvesting, transporting, and processing logs into lumber. Labour shortages during COVID-19 caused an increase in labour cost which has transferred to the price of lumber. For instance: · According to Random Lengths, the price of framing lumber rose to USD 1,494 per thousand board feet (mbf) in May 2021, a 250% increase when compared to USD 427 per mbf a year ago. Meanwhile, the price of structural panels jumped to USD 1,657 per thousand square feet (msf) from USD 414 over the same period, a 300% increase Impact on Demand The nationwide lockdowns imposed by the government of different nations. Most of the people are stuck at home, working from the home beginning in March 2020 encouraged many people to perform home repairs or upgrades such as outdoor decks or new wooden furniture. The high demand for houses, lower interest rates, investments in rental real estate, have resulted in high demand for lumber and structural panels. For instance: · To support the economy during COVID-19, the U.S. Federal Reserve decreased the federal funds rate to zero in March 2020, which encouraged people to enter the housing market. Historically low-interest rates have contributed to high housing demand which, in turn, raises lumber prices Impact on Supply Chain Due to the outbreak of COVID-19 globally, supply chain partners have experienced their challenges and may not be able to fulfil orders on time during the pandemic. This is primarily due to the restrictions on the movement of transportations across different countries as well as within the countries. Most of the industries are lacking workforce availability for production whereas some industries are not able to get the orders due to less demand in the market from the end-users. So overall this pandemic has affected very badly on most of the industries across the globe. For Instance: · As per a survey conducted by the Institute for Supply Chain Management on the European supply chain, it is found that nearly 75% of companies reported supply chain disruptions due to the corona virus-related transportation restrictions. In this way, the lack of workforce and demand for products from end-users has disrupted the supply chain network of the industries. 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 can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to CnM markets. The first wave of the COVID-19 has affected most North American & European countries such as the U.S., Mexico, Germany, France, Spain, and the U.K., among others. This pandemic has led to a disturbance in the demand and supply of wood-based panels from the end-users. Currently, the second wave of the COVID-19 is going on and it has again disturbed the economic development in the region. However, now governments are trying to get more and more people vaccinated so that spread of the virus can be controlled and economic disruption can also be minimized as compared to the first wave of the COVID-19. Ongoing relaxation in lockdown across the various regions such as North America & Europe is expected to help in the revival of the global market.
Significant Impact of COVID-19 on PPE Kits in Healthcare Industry
COVID-19 Impact on PPE Kits in Healthcare Industry Personal protective equipment is commonly referred to as "PPE." PPE is a worn equipment which helps to minimize exposure to hazards from the workplace illnesses and injuries. These injuries may result from contact with radiological, physical, chemical, mechanical, electrical, mechanical, or other workplace hazards. PPE includes the items such as safety glasses, gloves and shoes, earplugs or muffs, respirators, or coveralls, hard hats, and full body cover suits. Choosing the right PPE helps to reduce the exposure to hazards and is essential to laboratory safety. SHORTAGE OF PERSONAL PROTECTIVE EQUIPMENT ENDANGERING HEALTH WORKERS WORLDWIDE The World Health Organization has warned that extreme and mounting disruption to the worldwide delivery of personal protective equipment (PPE) – resulting from growing demand, panic buying, hoarding, and misuse – is placing lives at chance from the brand new coronavirus and different infectious diseases. Healthcare employees rely upon private shielding systems to shield themselves from being infected. However, shortages are leaving doctors, nurses, and different frontline employees dangerously ill-prepared to take care of COVID-19 sufferers,. Industry and governments have to act speedily to reinforce delivery, ease export regulations, and positioned measures in vicinity to prevent hypothesis and hoarding. “We can’t prevent COVID-19 without defensive medical examiners first” stated WHO Director-General Dr Tedros Adhanom Ghebreyesus. IMPACT OF COVID-19 ON PERSONAL PROTECTIVE EQUIPMENT The current coronavirus disease outbreak (COVID-19) has spread worldwide. All COVID-19-affected countries throughout the world are taking containment measures and doing their utmost to combat the disease in order to prevent it from spreading further and to limit death. In the early discovery of cases, contact tracing, and treatment of patients, the public health workforce and healthcare workers in clinical settings play a critical role. In order to combat any infectious disease in a crisis, healthcare practitioners and public health workers must have access to personal protective equipment (PPE) and utilize it consistently and correctly. As the COVID-19 pandemic spreads across the globe, the demand for personal protective equipment has skyrocketed. Many nations, including India, have experienced a temporary scarcity of PPE due to the pandemic's rapid spread. The absence of personal protective equipment (PPE) has harmed the morale of healthcare workers (HCWs) and other frontline troops fighting the coronavirus epidemic, which has afflicted over 22,000 health workers in 56 nations. Some have succumbed to it in countries all over the world, including India (WHO).. Moreover, an increase in the potentially infectious patients seeking testing and care accelerates the COVID-19 pandemic all over the world. Spread of COVID infection all over the world is generating the demand for PPE kits such has like face masks, gloves, goggles, air-purifying respirators, respirators face shields, and gowns among health care employees. As a result of shortage in all kinds of PPE, developed high demand across the globe. For instance · United Nations Children's Fund plays an important role in the delivery of PPE. The fund shipped more than 653.4 million items of PPE in 140 countries. CONCLUSION The spread of the novel coronavirus has triggered significant market damage across the world. Most businesses have stopped immediately, and the effect of the pandemic has been on all industries. The towns were closed down, and social distancing has become a modern norm. Government along with the private sector can play a vital role in reviving the sector. The government is providing financing assistance for needs arising from COVID-19; the private sector can take care of large investments and expertise required in developing countries. Apart from this, strong engagement with governments and local stakeholders will continue to contribute significantly to the development of the sector. In the starting days of pandemic, drastically boots the demand of personal protective equipment all over the globe. The use of personal protective equipment “specially medical masks” has become more popular in the world and also other PPE such has gloves, face shields, gowns, googles and other items have experienced rise in the demand among essential workers and frontline health care employees. Companies are making the strategic action to increase the supply to meet the demand of personal protective equipment in the market. Government has also introduced many polices and initiatives which would help manufactures to maintain in stable growth in current dynamic situation.