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With forced business closures, unprecedented rates of unemployment, and major disruptions across supply-chains, an economic downturn due to the COVID-19 pandemic is inevitable, posing a threat to HVAC industry distributors, contractors, and engineers in the B2B channel.
Downsizing is one of the most important factors that can either weaken or strengthen your company — both during the crisis and for years after — depending on how you do it.
Supply chains throughout our economy will experience volatile shock waves of product supply and demand over the next year or more. This will create chaos in both customer fulfillment and supplier replenishment unless managers adopt a completely different way of managing their supply chains.
Over the past 30 days, IAPMO, along with its partners and many other plumbing-related organizations, has worked to provide needed information and guidance to plumbers and tradespeople everywhere.
The changes we’re starting to see now will have a permanent impact on infrastructure when this virus eventually passes — and the commercial restroom is no exception.