As the company's efforts to expand, the safety and care of Otter and his sons, Andrew and Ryan's employees are the most important, and they are part of Polysciences' management department. Polysciences not only implemented a series of safety policies and procedures to reduce the risks faced by employees throughout the epidemic, but also provided incentives for each employee's salary increase. Those who were required to come to the chemical manufacturer every day received an extra allowance(get more info from chemical manufacturer). "This is an incredible era," Otter said, but it also brought his team closer together.
What is on the horizon?
Ott said that when looking to the future, Polysciences will add more biochemicals to its product portfolio, which is the direction they are already moving in. They are developing more and more diagnostic materials and antibody-based products because of their added value, especially in this crisis period.
Ott said that the market for simple diagnosis is also very broad. He was recently tested for COVID before going to the hospital for routine check-ups. He said that if there is a test that can collect samples and the results can be obtained in five minutes, so that better data can be obtained, then things will be much easier. He said: "At present people are very interested in...
Diagnosis," he said.
Although Ott uses a diversified business model to promote the development of Polysciences, he is also optimistic that "the economy will soon recover and return to normal, because it will be harmful to shut down again."
Increasing demand for essential products is the key to achieving AVATAR's business goals
AVATAR, which provides raw materials and raw materials for the food, pharmaceutical, and personal care industries, received additional demand for hand sanitizer raw materials in late March and early April. Dan Hoeft, manager of Avatar's University Park plant in Illinois, said that this increase offset the decline in other product areas and enabled the company to achieve its initial business goals this year.
"It is safe to say that the demand and speed of some of our products have increased, mainly because they are ingredients in hand sanitizer," Hoeft said. "The new crown pneumonia crisis has generated a lot of demand and we are able to develop under these conditions. This makes many customers want more of what they buy from "Avatar" simply because of their end use. They also want to enter this market. "
Hoeft said, on the other hand, other departments have also been affected by the shutdown. Certain manufacturing sectors considered unimportant have been marginalized, and products serving these industries have not flowed out of the country. "Calls for COVID-19 related products offset other areas that we were forced to close," Hoeft said.
Hoeft said some areas that have experienced a decline in demand have just returned to supply. He said: "Many companies produce products for school meals. The closure of schools naturally reduces the demand for products." "It seems that every time a door is opened, a door is closed."
Fortunately, Avatar believes that the positive factors far exceed and offset the impact of the economic slowdown. Hoeft said: "If you have to use graphs to illustrate, our performance this year is correct." "As these businesses and customers resume operations, we are very optimistic about the profit outlook in the second half of the year."
Adjust to meet demand
"Avatar" usually operates in a single shift, 5 days a week, but due to increased product demand, Hoeft and his team have extended their shifts, requiring 6 days of production time per week. He said: "I call it the ebb and flow of the operations field." "You have particularly busy weeks, and then those weeks return to normal. When we are in those busy weeks, we will adjust accordingly. Employees meet demand."
March and early April are the peak of productivity. Since then, AVATAR has returned to normal business operations.
Avatar also took action to ensure that they have sufficient supplies. For example, they ensure the supply of key raw materials for one to two months, so if the supply chain tightens, they can continue to use existing raw materials, Hoeft said.
