Intech Group turns challenges into opportunities during the Covid-19 pandemic

The Covid-19 pandemic, which has lasted for more than 2 years, has seriously affected all aspects of life, economy and society. The business community is being greatly impacted, especially manufacturing businesses. To adapt to this change, Intech Group quickly restructured its apparatus, outlined strategic options to turn challenges into opportunities to help the corporation stand firm and develop during the pandemic.
 

The impacts of the Covid-19 pandemic on manufacturing enterprises in general

The 4th outbreak of the Covid-19 epidemic has caused many businesses to stop production and face the risk of bankruptcy, the global supply chain has had many periods of closure, causing difficulties to pile up.

Most business owners said: they have difficulty accessing customers, supply chain disruption due to the closure policy of some countries, production chain disruption due to lack of workers; revenue declines.

According to the survey, research shows that 87% of businesses affected by the Covid-19 epidemic, especially in the fields of tourism, apparel, transportation, real estate, electronics, retail,... most affected. Businesses reduced their revenue by 50-90% compared to before the epidemic.  

Intech Group looks for opportunities in challenges

It is easy to see that the pandemic causes enormous challenges and difficulties for businesses. But with a more positive view, Intech Group sees this as an opportunity for long-term strategies to have time to prepare and find new directions in line with market needs.
 

Join the global supply chain

Accordingly, Intech Group focuses on consolidating the entire human resources system, focusing on training staff to grasp technology solutions to realize the planned strategies. In order to open up the global value chain, Intech Group invests and focuses on exploiting the advantages of digital transformation to create breakthroughs in production and business. Through that, Intech Group has signed large contracts with domestic and foreign partners. Especially in 2020, Intech Group officially joined the global supply chain with the event: exporting the first batch of 15,000 products to the Japanese market.
   

Accelerating digital transformation

Survey data shows that the shift to digital technology increased rapidly, at one point reaching 48% (June 2020). Digital transformation is the key to helping businesses quickly overcome the pandemic and take advantage of market opportunities. Intech Group is constantly researching and investing in new technologies, smarter and more perfect solutions to apply to its own production and business processes, as well as to supply partners and customers.
 

Invest in consolidating the entire human resources system

At Intech Group, people are always considered a prerequisite. Up to now, Intech has almost completed the entire personnel system with 380 employees in 2 production blocks and office blocks. The departments are highly specialized in accordance with the capacity of each person. This helps Intech create a solid, united and innovative machine to overcome the pandemic. In addition to actively taking care of and ensuring the material life of employees, Intech Group also focuses on skills training and corporate culture development. Since then, each member of the Group has assured to work and devote to Intech.
   

Research and develop new products

Put into operation a product research and development center with the goal of creating new products that better meet market demands in areas that are trending in the world such as smart factories (Smart Factory). , artificial intelligence (AI), connection of things (IoT), ... creating a premise for Intech Group to be ahead of the curve with the changes of the technology era.
   

Actively implement vaccination and 5K

Up to now, nearly 100% of Intech Group's employees have received 2 doses of the vaccine. At the same time, in daily production and business activities, we strictly implement the 5K directive of the Ministry of Health to ensure safety in epidemic prevention. We strengthen fully equipped with medical supplies: thermometers, alcohol sanitizers, masks, ... as well as propagate to staff about epidemic prevention in general in the city.

In response to the Covid-19 pandemic, Mr. Hoang Huu Thang - Chairman of the Board of Directors of Intech Group emphasized 3 issues: "Suitable personnel, different strategies, specific management" to respond quickly. sensitive to pandemics. We are confident that with wise strategies, long-term steps; Intech Group will promptly change the way it operates in order to survive and develop continuously despite many challenges.