The word ‘unprecedented’ has suffered from much overused in recent times, however, it would be fair to say that the current global health pandemic is without precedent in our lifetime. World leaders have observed that the resultant economic crisis is the most severe since the last world war, and no single person worldwide has not been affected in some way by it.
For the business sector, it has meant the collapse of many established business concerns, irrespective of the business scale. From large international conglomerates through to the smallest owner-operator business concern, commercial enterprises have struggled to survive the ‘new normal.
But all is not doom and gloom, and for the canny operator, this can be a time to secure investment for the future.
The need for recycling
The global crisis has tended to overshadow some equally significant concerns which impact business – particularly with respect to the climate crisis and the need for ‘green’ management.
For many operators, particularly those in manufacturing and supply, a business must continue regardless of socio-economic conditions, and the need for recycling plants and equipment remains.
This may well be an opportune time to invest in a new or upgraded plant, and a look at the recycling balers available for purchase is timely for a range of reasons.
Take advantage of down-time
With many businesses reporting a natural slowdown of operations, it may be advantageous to take advantage of the current lull to plan for the installation and commissioning of new or upgraded plant and equipment.
For larger and more complex plant installations, there is typically an attendant disruption to normal business as this equipment cutover takes place. Downtime must take into consideration the disruption caused by the disconnection and removal of equipment, in the case of an equipment upgrade, and the subsequent installation of a new operating plant.
Considerations of staff training on new equipment and machinery further impact normal business operation, taking staff members out of the loop during new equipment cutover.
Take advantage of the current lull in a workflow created by the health crisis and use the time wisely in initiating an equipment upgrade or new installation project.
Take advantage of financial leverage
As simple as it may sound, when your own business is weathering these difficult times, so too are other businesses and commercial operators. In lean times, low turnovers and reduced business activity can potentially mean increased opportunities to purchase or lease at a more competitive price.
Take advantage of the situation to negotiate on price for new plant and equipment. Many suppliers will not only welcome the custom but may be more amenable to strike a deal beneficial to both parties.
Turn a downturn into an opportunity
It is well worth the business manager taking the time to consider purchasing strategy in the present situation. With careful consideration and canny negotiation, it is quite possible to turn the current economic situation into an opportunity and leverage the present climate to set the business concern up for the future.