industry insights
#Trade Promotion #INDUSTRY INSIGHTS #Redcarpet365digital #TechnoSystems
The author of Industry Insights had an exclusive Q&A session with Mr. Md. Saidur Rahman, CEO of Techno Systems, regarding industry situation and suggestions during covid19 pandemic.
INDUSTRY INSIGHTS : As a recognized Businessman, what kind of difficulty you have faced during this COVID19 Pandemic?
SAIDUR : During this COVID19 Pandemic we lost many customer and order. Business was stopped for at least 4 months time from Feb to May 2020.
INDUSTRY INSIGHTS : About 4 months after the lockdown eased, is the business recession over to some extent?
SAIDUR : Yes, starting from June 2020 it seems like the ICE Started to melt. Now we are getting some small order, which is not enough for our operation cost but we can see a light and hope for future Business.
INDUSTRY INSIGHTS : What is your future business plan within this COVID19 Pandemic? What do you think the previous market environment will return?
SAIDUR : We are cutting down our cost of operation reduced some employee which was not too effective, trying to control cost by squeezing our everyday expense.
I do hope the previous market will come back slowly but it will take time may be another one year like upto Dec 2021. Main question is, how many enterprises will be able to survive that long?
INDUSTRY INSIGHTS : What would you advice to the other businessman during this pandemic? How They Should revamp their Business after this pandemic?
SAIDUR : This Pandemic is a good lesson for us, in future we need to reduce our cost of production by optimizing the utilization of man and machine. We need to use state of the arts machine and technology to reduce the cost of production. In one word need atomization as many places as possible.
INDUSTRY INSIGHTS : How much your Industry is affected during this pandemic?
SAIDUR : 3 months all-most nothing we could do. Now only trying to cover cost of production. Till now no profit so we are not able to pay bank installment yet. IT will take us ANOTHER 2/3 years to cover the loss. But it depend on the whole world if can come- out from the same situation as we are hoping for.
INDUSTRY INSIGHTS : Do you think regular Trade Fairs can help your industry to gain more momentum, this year?
SAIDUR : I don’t think so unless a dependable and proven vaccine come out and people feel free to move out from house. No trade fair will be effective till that date.
INDUSTRY INSIGHTS : Do you think Online Trade Fairs can help a bit and can be added with regular offline Trade Fairs?
SAIDUR : May be it can help a little, but not Trade fair like capital machine. This need to see practically.
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Industry Insights - An Initiative by Redcarpet365 Ltd
Mobile: +8801715175552
Email: industry.insights365@gmail.com
#Trade Promotion #INDUSTRY INSIGHTS #Redcarpet365digital #TechnoSystems
The author of Industry Insights had an exclusive Q&A session with Mr. Md. Saidur Rahman, CEO of Techno Systems, regarding industry situation and suggestions during covid19 pandemic.
INDUSTRY INSIGHTS : As a recognized Businessman, what kind of difficulty you have faced during this COVID19 Pandemic?
SAIDUR : During this COVID19 Pandemic we lost many customer and order. Business was stopped for at least 4 months time from Feb to May 2020.
INDUSTRY INSIGHTS : About 4 months after the lockdown eased, is the business recession over to some extent?
SAIDUR : Yes, starting from June 2020 it seems like the ICE Started to melt. Now we are getting some small order, which is not enough for our operation cost but we can see a light and hope for future Business.
INDUSTRY INSIGHTS : What is your future business plan within this COVID19 Pandemic? What do you think the previous market environment will return?
SAIDUR : We are cutting down our cost of operation reduced some employee which was not too effective, trying to control cost by squeezing our everyday expense.
I do hope the previous market will come back slowly but it will take time may be another one year like upto Dec 2021. Main question is, how many enterprises will be able to survive that long?
INDUSTRY INSIGHTS : What would you advice to the other businessman during this pandemic? How They Should revamp their Business after this pandemic?
SAIDUR : This Pandemic is a good lesson for us, in future we need to reduce our cost of production by optimizing the utilization of man and machine. We need to use state of the arts machine and technology to reduce the cost of production. In one word need atomization as many places as possible.
INDUSTRY INSIGHTS : How much your Industry is affected during this pandemic?
SAIDUR : 3 months all-most nothing we could do. Now only trying to cover cost of production. Till now no profit so we are not able to pay bank installment yet. IT will take us ANOTHER 2/3 years to cover the loss. But it depend on the whole world if can come- out from the same situation as we are hoping for.
INDUSTRY INSIGHTS : Do you think regular Trade Fairs can help your industry to gain more momentum, this year?
SAIDUR : I don’t think so unless a dependable and proven vaccine come out and people feel free to move out from house. No trade fair will be effective till that date.
INDUSTRY INSIGHTS : Do you think Online Trade Fairs can help a bit and can be added with regular offline Trade Fairs?
SAIDUR : May be it can help a little, but not Trade fair like capital machine. This need to see practically.
........................................................................................................................................
Industry Insights - An Initiative by Redcarpet365 Ltd
Mobile: +8801715175552
Email: industry.insights365@gmail.com