Pandemic Outbreak! Economic Downturn. How Should Companies Respond in Difficult Times?
During the 2020 Spring Festival, the novel coronavirus pneumonia outbreak rapidly spread across the country, and on January 30 local time, the WHO declared it a 'PHEIC.'
From a macro perspective, the sudden drop in demand and production will have a significant impact on investment, consumption, and exports, leading to rising unemployment and higher prices in the short term.
For mid-level industries, catering, tourism, film, transportation, education, and training are hit hardest, while pharmaceuticals, healthcare, and online gaming benefit.
For micro-level entities, private enterprises, small and micro businesses, and migrant workers suffer more. On one hand, we acknowledge the pandemic has a huge impact on China's economy, and we all must bear the pressure of economic downturn; on the other hand, we must clearly recognize that the fundamentals of China's economy will continue to grow.
This is our basic assessment of the economy under the pandemic. Against this backdrop, how should companies respond?
February 11, 2020, is a historically significant day! Under the leadership of the company's founder, Mr. Shangguan Mingyu, some employees of Dayu Electronics unveiled this difficult beginning.
No matter what hardships we may encounter on the road ahead, in the face of the trust and support of our domestic and international customers, and their warm attention to us, we have confidence, perseverance, and determination! No matter how tough, 2019 is already behind us; we take no pride in yesterday's glory. In 2020, we set sail! The Dayu Electronics family will surely unite as one, stand together, and overcome the difficult times!
Before opening, the company arranged a professional disinfection team to thoroughly sanitize the entire facility, ensuring a completely safe and reliable working environment.
Some employees reporting for duty were uniformly provided with medical masks, gloves, and alcohol and other supplies.
All employees entering the factory had their body temperatures strictly tested.
Expertise determines your existence, and product defines your market; what remains is persistence. We will win more trust with professionalism and sincerity. Stay true to the original aspiration, and you will achieve success in the end!