The reopening of companies in the midst of the COVID-19 crisis

Today’s world revolves around COVID -19. What does it mean to reopen a company today?

In companies, the total avoidance of COVID-19 is the way and not the daily fight with it.

It’s like watching a contest with prizes about who has the courage to open a business again. I don’t think it’s a matter of courage on the part of some CEOs.

The reopening of companies means: the existence of customers, the existence of all suppliers, the existence of profit, a good quality level, on-time deliveries, etc. A complex set of factors is needed to achieve sustainable global productivity such as before the crisis, to ensure the profitability and dignified continuation of companies’ activities.

No matter how we look at the core flow of a company, the engine is man. In the current context caused by the Covid-19 pandemic, the risk of only one person becoming ill is high, totally unpredictable and difficult to prevent. Then the risk of the whole company closing down due to infestation is just as high. Closing, disinfecting, starting and restarting a company means very high costs and there is a risk of irreparably damaging business relationships and reducing profitability to the point of elimination.

Repeated reopening attempts, returning to a state prior to COVID-19 can easily lead to bankruptcy. That means old solutions to new problems.

It is absolutely obvious that many will not be the same after COVID-19. Whole industries will disappear. Many companies already had extremely low profit margins before the pandemic. In this context, the risk that a large part of the people who are technically unemployed or who work from home now will not have a place to return is real and obvious.

Easy, easy will stay to do business only companies that:

  • (1) completely and innovatively redesigns its core flow anti-COVID-19, so that social distancing is fully respected; innovative flow redesign means productivity made within the company (with a lot of creativity for innovation and without a lot of money invested); there are already Japanese techniques established for this, or
  • (2) have a high degree of digitalization (or can soon withstand a high degree of digitalization); digitalization means purchased / external productivity (with large investments in Industry 4.0 solutions).

However, in both cases, companies do not have much time and if they want to survive and develop in the future, it would be good to find consultants with recognized expertise in extreme productivity increases. Extremely increased productivity is not learned overnight by employees.

Productivity experts can really help companies now!

What do you think?

Do you think the risk of unemployment after the pandemic due to Covid-19 infection of factory workers is a major one? Any comments are very welcome.

References:

Exegens Brochure

Alin Posteucă on Amazon

Innovative redesign of processes for respecting social distance

Share:
Dr. Alin Posteucă is a consultant in productivity and profitability, CEO of Exegens® and the author of Manufacturing Cost Policy Deployment (MCPD) and Speed-Based Target Profit (SBTP) concepts. His major research areas include manufacturing policy deployment, manufacturing cost improvement and visible profitability of operational excellence by improving productivity. His recent research includes the impact of Industry 4.0 on planning and developing synchronous profitable operations and on information systems of cost and budget in order to substantially improve the operational unit costs.

He has been actively involved in various industrial consulting and training projects for more than 20 years, delivering training/ workshop programs in Productivity, Innovation, Business Transformation and Leadership for over 5,000 participants.

He has a Ph.D. in Industrial Engineering and a Ph.D. in Managerial Accounting. He has an MBA Degree and a BA Degree in Accounting and Computer Science and he is certified Public Accountant in Romania. He has published in various research journals and presented papers at numerous conferences and congresses regarding Productivity, Profitability and Industrial Engineering.

Dr. Alin Posteucă is the author of Manufacturing Cost Policy Deployment (MCPD) and Speed-Based Target Profit (SBTP) concepts, published in four books at Productivity Press – Routledge/ CRC, New York (USA).

Leave a Reply

Error! This email is not valid.