Raghav Gupta, Director at Kanchan Metals also accepts that the first and the second wave caused a huge disruption. “For the food supply chain, it was beyond what any of us could have anticipated or prepared for,” he says. However, Gupta also opines that lessons were learned and the manufacturing sector took steps to adapt to the new conditions. Where, tech-led innovations have supported the industry to rise above the challenges that were posed the first time around.
On the speculations about the third wave, Gupta says that the industry players are bracing themselves for whatever is to come. “We have begun stockpiling on essentials so that we can deliver the same to the customers when the time comes. we are building just-in-time inventories that help minimise storage costs. Wherever possible we have automated operations to also protect our staff. So, preparations are underway, and we hope to be ready for the third wave,” he asserts.
The same goes for the real estate sector as well, which started on an impressive note this year. However, the second wave obstructed the growth of the industry to some extent.- SME Futures