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The Challenges and Opportunities in COVID-19 2020-08-06
The outbreak of coronavirus at the end of 2019 has a profound impact on our economy and society. From the shutdown and production stoppage in the early phase of the outbreak of the epidemic to the resumption of work and production at the beginning of February in 2020, now 3CEMS Group has returned to the production state which is almost the same as that of ordinary days. Like most enterprises in China, 3CEMS Group has gone through a tough road of anti-epidemic. It comes to the second half of 2020. The epidemic situation in China is gradually under control, but the epidemic situation continues to spread in the world, causing heavy damage to the global economy, especially to international trade.

Looking at the macroeconomic data of China’s Foreign Trade, since the outbreak of the epidemic, imports and exports in June finally ushered in double-positive growth after several months of negative growth. According to the statistical data released by China’s General Administration of Customs, imports and exports in June all achieved positive growth, of which exports increased by 4.3% year-on-year. Compared with the 1.4% increase in exports in May, the growth trend of foreign trade exports is very obvious and gratifying. The overall export data in the first half of this year decreased by 6.2% compared with the same period last year. However, with the epidemic still spreading all over the world, such data have made people full of optimism and confidence for the recovery of foreign trade of China.

Facing the epidemic which lasted for half a year, Ian Tang, the Vice President of 3CEMS Group, said that the epidemic had a certain impact on the company's business. For example, the back and forth epidemic situation in the United States has led to the customers unable to place orders; due to the different situation of the epidemic around the world, the raw materials scattered in different countries can not meet the supply-demand in time, so the delivery date needs to be reconfirmed; besides, the strengthening of Customs Quarantine in China led to the increasing time loss of import and export departments, resulting in the extension of transportation period and so on. However, in the face of the above situations, 3CEMS Group has taken corresponding emergency measures to improve the matters. For example, timely adjust the labor due to the decrease of downstream demand; in the face of the shortage of raw material supply, efforts should be made to seek alternative sources of supply, as well as to ensure the freight capacity of various transportation means, and to plan alternative transportation means when necessary. Although not every response measure can achieve immediate results, 3CEMS Group is constantly striving to strengthen itself and help customers reconsider their strategies in this pandemic crisis, to obtain resilience in the face of greater destructive events in the future. Of course, it is the 3CEMS Group that owns a wide range of global markets and in the unique position of the industry value chains. 3CEMS Group has enough information and data to cope with the changing external environment and also constantly reflect and recognize the unique value.

In a word, 3CEMS Group believes that every time a crisis comes, it is also a turning point. Meet the challenges then explore new opportunities. 3CEMS Group are glad that having the employees who have been sticking to the front line and the customers who have always given their infinite trust. It is because of them that 3CEMS Group can maintain more hope and confidence in the face of the pandemic crisis. It is because of them that 3CEMS Group could ride the storm, forge ahead.

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