Current Scenario in resin & chemicals – overcoming uncertain times ahead

Almost all of the key ingredients for plywood manufacturing related chemicals and additives are fossil-fuel based. Almost all chemicals have touched double the pre-war prices.

• Urea
• Formaldehyde
• Phenol
• Melamine
• Ethanolamines
• Ethylene glycols

Coming weeks will see drastic rationing of fuel, energy, and raw materials, leading to acute material shortages, lowering of production, and continuous spike in prices and product shortages.

Patience & Planning: The Wisest Choice.

Ownerships & managements that have patience and planning in a proper way, will have an edge over panicked factories and owners. Even if production has to be cut down or even stopped for some time, there should not be panic.

Resource Planning: Prudence Pays Rich Dividends

Planning timely retention of workers and work teams, after the downward trend, so that they join back in full force, will be the key to getting back into full production in the near future. 

Being Engaged: Key to Short-notice Resurgence

Being engaged in consistent conversations with vendors, suppliers, and the market, will help with immediate return to normal production and sale activities. 

Emotional Quotient: The Secret Ingredient in the Soup

Over-thinking and emotional weaknesses must be kept at a distance. Multiple speculative discussions, and seeking solace from talking to peers and hearing their stories should be strictly avoided. This is one of the major weak-points in micro-small manufacturing sector. We tend to obtain confidence and relief by talking to and hearing other people’s conditions & situations. This will lead to distorted consideration of your own facts and figures, and obtaining misleading ‘satisfaction’ & ‘confidence’. Think for yourself, from your own shoes. Conversation dependency & seeking satisfaction from others kills prudence & wisdom. Practice patience, composure, and prudent thought process, for a successful revival from near-future shocks.

 👇 Please Note 👇

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