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Store strategy: Consumer durables sector better prepared for Covid this time around

April 06, 2021 Companies look to ensure business continuity by de-risking production, logistics; digitisation of service Having battled Covid-19 over the past year, consumer durables companies say they are now well-prepared to ensure business continuity amid the second wave of the pandemic through initiatives like maintaining higher inventories, digitisation of after-sales services, reactivation of rapid task forces, as well as measures to ensure de-risking of logistics, production, supplies and inventory levels. Besides, due to factors like pent-up demand, continued work from home, spike in summer temperatures which aid sales of cooling products as well as vaccination drives, consumer durables players told BusinessLine that they expect good demand.

Markets spooked by Covid surge, return of curbs - The Hindu BusinessLine

Markets spooked by Covid surge, return of curbs April 05, 2021 Deserted view of Shivaji Park Ground in Mumbai   -  EMMANUAL YOGINI× Some sectors see a big hit, but others say they are better prepared than last year Panic gripped the stock market on Monday as the lockdown announced by the Maharashtra government is expected to impact a cross-section of sectors, including banking, automobiles, tourism/hospitality, consumer durables and infrastructure. Benchmark index Sensex fell 870 points, or 1.74 per cent, to close at 49,159. The Nifty index was down 229 points, or 1.54 per cent, at 14,637. The Covid situation has been worsening in Maharashtra since February, with the State reporting more than 57,000 daily new cases, accounting for more than half of the country s total new infections. This has prompted the State to go in for a lockdown. This, according to rating agency CARE, will mean a potential loss of gross value added to thr State of ₹40,000 crore.

Panasonic, LG, Voltas expect high white goods demand this year; here s why

Panasonic, LG, Voltas expect high white goods demand this year; here s why The industry is hopeful of high demand for consumer durables, especially cooling appliances. In addition to the weather, the rising cases along with the work from home culture is likely to fuel the demand for white goods in the country Nidhi Singal | April 5, 2021 | Updated 18:25 IST For the year ending 31 March, 2021 Panasonic is expecting a growth of more than 40% across consumer durables compared to 2019 With the India Meteorological Department s (IMD) outlook for a warmer than usual summer this year in most regions of India, the industry is hopeful of high demand for consumer durables, especially cooling appliances. In addition to the weather, the rising cases along with the work from home culture is likely to fuel the demand for white goods in the country.

Panasonic expects robust demand for cooling appliances this summer

Panasonic expects robust demand for cooling appliances this summer
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