In the current online world, achieving success has become dependent, to a large extent, on Company’s digital presence, identity, and activities. It has become a major driving force for the organizational change, enhanced efficiency and growth and for meeting the marketing objectives. While some organizations have embraced the new connected economy by investing in smart digital strategies to change how they operate. Others are still not able to figure out the strategy that’s fundable, manageable, and achievable. Implementing a good digital approach helps in getting right partners at the table from the beginning, both within the organisation and outside of it. It leads to greater focus on improving engagement with customers, business partners, and employees. This also helps organizations to prioritize the customer experience as a central consideration to be successful in this digital age by quickly and effectively responding to market changes to satisfy customer expectations. Continue reading Digital Branding : A Must for Indian Apparel Brand Owners
The Government of India – under the Disaster Management Act – has set up 11 Empowered Groups for ensuring a comprehensive and integrated response to the coronavirus disease (Covid-19) pandemic. Empowered Group-4, headed by Dr Arun K Panda, Secretary (MSME), has launched a full-fledged website covidwarriors.gov.in that has a comprehensive database of Covid Warriors. The data accounts for doctors and nurses as well as dentists, auxiliary health staff, Ayush practitioners, Asha and Anganwadi workers and those that belong to the uniformed youth groups such as NSS and NCC.
According to covidwarriors.gov.in website, India has at least 3 million medical professionals and roughly 8 million others who can be drafted for disease containment work such as contact tracing etc. The website reflects the Union government’s stocktaking of a vast and divergent pool of human resources that can be deployed if the Covid-19 outbreak grows. Continue reading Corona Warriors of a Special Kind
The textile and clothing industry is one of the worst affected sectors of the economy due to the deadly coronavirus responsible for COVID-19, one of the worst pandemics of our living memory, creating havoc across the world. The impact of the Covid-19 pandemic is nearly impossible to gauge when 90% of the world is under the un/declared lockdown.
Due to the labour intensive nature of the textile and clothing industry, tens of millions of workers have either lost their jobs or have not got any money because of no work during the lockdown. Their lives have been turned upside down in a matter of a couple of weeks. Small and medium businesses are in no way less affected due the total closure of their economic activities. We are facing the biggest and global humanitarian crisis in the modern history which would have far reaching impact on the way we live and conduct our business. Continue reading Impact Of COVID-19 Pandemic On Global Textile Industry
The first cases of unusual pneumonia were reported in Wuhan, a port city of 11 million people in the central Hubei province of China on December 31, 2019. China claimed to have alerted the World Health Organization (WHO) about this unknown virus which was later termed as 2019-nCoV on January 7, 2020. China announced its first death from COVID-19 on January 11. A second death in Wuhan was announced on January 17. Later, over the following days, news of confirmed cases of Coronavirus started coming from Thailand, Japan, South Korea, Vietnam, Taiwan, France, Australia, Malaysia, Singapore, Iran, Italy, the United States, the Middle East and host of other countries and regions. The WHO declared it a pandemic on March 11, 2020. Currently, the disease has spread across the world, affecting over 132,000 people in 123 countries and more than 4,900 deaths. China believes the peak of the COVID-19 outbreak in Wuhan and China has passed and they are now busy in containing the ‘imported’ cases. China expects that with $3 trillion in foreign reserves the country will not have a problem achieving a 6 percent GDP growth in 2020. Continue reading World Halted by Coronavirus. When Will Coronavirus Halt?
The theory of trickle-down economics, as propagated worldwide by economists of repute everywhere, has not worked the way it was supposed to have worked in theory. According to this theory, benefits given to the wealthy, and also the wealth created by them, trickle down to everyone else. The governments all over the world tend to provide such benefits in the form of tax cuts on businesses, high-income earners, capital gains, and dividends. Even subsidies of various kinds are also negotiated by governments to attract investments from outside to enhance the industrial activity and to boost industrialization and modernization in various priority sectors. Continue reading “Localization Of Globalization!”