There is a lot to salvage from 2020 still
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Companies needs to innovate, manage expenditure meticulously and ensure the safeness of personnel to survive found in the post-pandemic era, said a high executive of Berger Paints Bangladesh.
"Berger Paints is next these principles and gets the effects," Mohsin Habib Chowdhury, senior standard manager for product sales and advertising at Berger Paints Bangladesh, told The Daily Superstar within an interview last week.
The impact of the coronavirus on the global financial situation has been devastating and Bangladesh's economy has also come to a halt.
Bangladesh's two important sectors -- garment and remittance -- both will be influenced by the global meltdown. The International Monetary Fund possesses forecasted that the growth of the Bangladesh market could be around 3.8 per cent in the just-concluded fiscal year, which is way lower than the 8.15 % recorded for fiscal 2018-19.
"The impact will be huge on all industries," Chowdhury said.
Under these circumstances, the federal government needs to give attention to treasury administration, rationalising and prioritising tasks and agricultural development.
As industrial development is yet to get, tax and duty are as well likely to be slid through lower imports.
"So, every penny of the government's spending ought to be well-managed so that there is normally maximum go back," Chowdhury said.
For the private sector, all of the companies need to look after the safe practices and healthcare procedures for staff members, he said.
"It is important since when you struggle against a detrimental situation, you need to fight to take all of the team members up to speed. The safety precautions may motivate the workers. When personnel are motivated, a company gets its result automatically."
The market head in the paints industry, Berger has made available all sorts of safety and healthcare equipment because of its employees after the outbreak of the contagion. An extra allowance has been granted for using designated transport instead of public transport.
The multinational company has truly gone one step further and distributed safety and wellness equipment among external stakeholders such as for example painters, sellers and shopkeepers aswell. It disbursed a lot more than Tk 1.75 crore among the painters, allowing insurance coverage for them along with dried foods.
Innovation should be in the centre in order that every opportunity in any area could be seized, Chowdhury said.
Within the innovation get, Berger has introduced some innovative products and services even during the pandemic and some are in pipeline. It rolled out a palm sanitiser under the brand name Mr Expert.
Source: https://www.thedailystar.net
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