THROUGHOUT THE COVID-19 PERIOD, THERE ARE NOTABLE INSTANCES OF POSITIVITY. THE DEDICATION AND BRAVADO OF HEALTHCARE WORKERS ON THE BATTLEFRONT NOT LEAST. BUSINESSES ARE PLAYING A BIG ROLE WITHIN THE RESPONSE TOO, INCLUDING PROVISION OF MEDICAL EQUIPMENT AND OTHER CRUCIAL SUPPLIES, DONATIONS, SHELTER, AND MORE.
From a corporation standpoint, socio-economic impacts are often wide-ranging. there’s the interior impact within the corporate , like addressing staff’s needs and prioritising well-being, also as meeting the wants of stakeholders that the corporate shares a relationship with, from suppliers through to consumers.
Companies can drive social impact through focused initiatives and projects, either directly focused on socio-economic development or that obliquely benefit wider groups through business as was common . All of those are magnified by the necessity of the day within the response to COVID-19.TVS Motor Company has pledged INR 25 crore (US$3.5 million) to the PM’s Relief Fund. Additionally, JCB has been supporting communities around its plants in Ballabgarh, Jaipur, and Pune by providing meals to vulnerable communities, and is procuring PPEs, testing kits and medicines.
Manufacturing execution system within the smart manufacturing market is predicted to account for top market share during 2020. Manufacturing execution systems offer companies the power to watchreal-time production and other operations of producing plants. This greatly reduces the necessity for onsite, and workplace employees, thereby abiding by the lockdown and social distancing mandates to fight COVID-19. During Post COVID-19, the marketplace for MES is predicted to register a big/ger market size in 2020 as compared to 2019; however, since manufacturing industries have taken a serious hit, it will be challenging to achieve the market size estimated pre-COVID-19 by 2025.