What should companies do in the post-prevention and control era?
An epidemic disrupted many plans. So, what about after the epidemic? According to data from the National Health Commission, as of 24:00 on the 17th, there were 79 new confirmed cases in 30 provinces except Hubei and the Xinjiang Production and Construction Corps, which has dropped to double digits for two consecutive weeks. Except for Hubei, the epidemic is gradually getting away from us. Enterprises across the country have also received notices from government departments requiring full resumption of work and production. It’s time to consider “what should companies do in the post-prevention and control era?”
First, textile factories need to be prepared for the influx of orders. The epidemic has brought a sudden halt to China’s rapidly developing economy. For the cotton spinning market, the losses were extremely heavy. But everything has two sides, and there are mutual benefits and disadvantages, blessings and misfortunes. Will downstream orders flood in in the post-epidemic era? The author thinks it is very possible. These days, I have communicated with many friends in the industry and most of them report that the downstream inventory is not high, especially after a large number of clothing, quilt and textile companies quickly transformed into mask factories. The demand for raw materials is already ravenous. Once logistics is fully unblocked, will the demand for yarn and its textiles experience a retaliatory growth? Therefore, textile companies still need to make some preparations.
Second, there is still a long way to go before workers can fully return to factories and jobs. In the post-prevention and control era, companies cannot take the protection of workers lightly. What is the difficulty in returning to the factory? First, workers from epidemic areas need to be quarantined for medical observation for 14 days before they can work. In this case, it is better to simply persuade workers not to return to work for the time being, and then consider returning to work after the epidemic is completely resolved. Second, the epidemic has put everyone in danger. Many workers in non-epidemic areas have taken the initiative to postpone their return to the factory out of consideration for their own safety. Third, some logistics departments have to “travel all over the country”, which is risky, and it is unrealistic to fully staff them in the short term. Therefore, it is not easy for workers to fully resume production. So, for companies that have not completely eliminated the epidemic nationwide and still need to maintain full resumption of work, strengthening the protection of workers is to protect themselves. Moreover, this kind of protection for workers must be formed into a system that can last for a long time.
Third, textile factories must also prepare cash flow reserves. The more difficult the times, the more cash is king. In the post-prevention and control era, do companies have enough funds to purchase raw materials in large quantities, do they have enough funds to pay workers full monthly wages and bonuses, do they have enough funds to purchase new equipment to switch production or improve efficiency… So, Seeing that the epidemic is receding, companies should prepare for a rainy day and prepare large amounts of funds to prepare for demand. On the 17th, a market participant communicated with the author and expressed concern about funds, especially cash flow. He said that enterprises should plan and implement early. Fourth, textile factories should pay attention to the Internet and technology to promote contactless transactions and unmanned production. In 2003, SARS quickly eliminated some companies, and also allowed some high-tech companies and e-commerce to grow rapidly. Some people say that the new coronavirus in 2020 is another opportunity for companies to reinvent themselves. Every major disaster is also a sublimation of mankind. It is a great opportunity for enterprises and industries. In this disaster, there may be countless higher-tech companies that will take a big step forward in contactless transactions and unmanned production. Therefore, should our companies work harder in this regard?
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