The world has come to a standstill, and so are the electronics companies due to Covid-19 lockdown. How is the business so far for Thomson Audio in India?
The widespread outbreak of Coronavirus has left businesses around the world counting costs. Sectors and industries in India as well are now grappling to sustain and counter the threatening impact of the pandemic on the overall economy.
Fear of the virus spread and the government’s lockdown is also having a devastating impact on all industries including the electronics sector. We had a bad start of the calendar year 2020 when China was locked down and we weren’t getting the shipments and when production got stabilized, the demand tanked in India.
Zero sale is hitting us the hardest at the moment and that is leading to a lot of consequential issues in finance and marketing. We cannot do anything about it, but hope for this phase to pass soon without much damage and losses to anyone.
Companies are facing huge losses that may impact the inventories, budgets, finances for the entire first quarter and the next few months’ progress seems extremely bleak. What’s your plan ahead to deal with the crisis?
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