• Latest
  • All
  • How To
Mark Wilson - MD SYSPRO Africa

Manufacturing Stays Stable Despite Harrowing COVID-19 Second Wave

December 1, 2020
Private Number calls

How to Handle Private Number Calls in Kenya

May 8, 2025
Kenya Power EV charging stations

Kenya Power Rolls Out 45 EV Charging Stations Across the Country

May 8, 2025
Bayobab

MTN’s Bayobab Connects Uganda and Kenya with New Fiber Route

May 8, 2025
Airtel Africa Starlink partnership

Starlink Is Expanding in Africa Through New Airtel Partnership

May 8, 2025
DHgate Tablet Cases deals
Android FreeType patch

Android May 2025 Security Update Fixes Critical FreeType Zero-Click Vulnerability

May 7, 2025
worldcoin kenya

Court Ruling Orders Worldcoin to Delete All Kenyan Biometric Records

May 7, 2025
smartphones-2024

Smartphone Market Recovers Slightly in Q1 2025 With Apple, Vivo Leading Gains

May 7, 2025
GTA 6 Trailer 2

GTA 6 Trailer 2: Rockstar Confirms Release Date and Dual Protagonists

May 7, 2025
YouTube Premium Duo

YouTube Now Lets Two People Share a Premium Plan

May 6, 2025
Infinix GT20 Pro

Infinix GT 20 Pro Review: You Don’t Need to Overspend on Gaming Power Anymore

May 6, 2025
Emerald PostPay

Safaricom Transitions Customers to New Emerald PostPay Plans

May 6, 2025
Intrusion Detection System

Android 16 Will Let You Track Suspicious Activity on Your Phone

May 6, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Manufacturing Stays Stable Despite Harrowing COVID-19 Second Wave

Kenn Abuya by Kenn Abuya
December 1, 2020
in News
Reading Time: 3 mins read
264
0
Mark Wilson - MD SYSPRO Africa

Mark Wilson - MD SYSPRO Africa

The better part of 2020 has not been very good for people and businesses, including manufacturing companies following the start of the COVID-19 pandemic.

Companies such as SYSPRO have been on the forefront advising manufacturing firms, among other institutions about how to stay afloat with digital tools such as production automation.

SYSPRO, which bases its business on ERP, has also been running a survey to gauge business confidence amidst the pandemic.

According to the organization, near 50 percent of manufacturing companies have already recovered business, are in the process of doing so. The data is based on a survey done across the globe.

The exercise was performed among CFOs in manufacturing enterprise companies.

More than 100 enterprise manufacturing companies responded to SYSPRO’s online survey, with an additional 30 percent expected to return to pre-COVID-19 trading conditions by mid-2021.

Also, the survey examined CFO statement on the impact of the pandemic and the future of manufacturing business in what is currently termed as the ‘new normal.’

Among areas that responded to the October 2020 survey include Africa (Kenya included), Asia-Pacific, Canada and USA.

According to the survey results, the ability for businesses to weather the COVID-19 storm was particularly prevalent amongst manufacturers involved in the production/distribution of essential goods such as Food & Beverage during lockdowns as well as those who have the ability to augment their existing digital activities and adapt to ecommerce models.

The study also showed that the size of an organization also played a vital role in determining its ability to survive the pandemic. Companies with over 51 employees were significantly more likely to report having fared as well as, or better than, expected.

 As part of the ongoing recovery, a stabilization phase was identified as needed and required a renewed focus on financial controls to protect cashflow and extend enterprise runways. To achieve this, CFOs interviewed in the study indicated cost-cutting including the curbing of discretionary spending and reducing overheads, exploring new revenue models with the aim for increased customer engagement through digital channels and prioritizing the maintenance of margins as some of the top strategies.

The survey findings further showed that reimagining factories to make them COVID-compliant which can only be achieved at a cost was not a short-term current priority, with just 19.3 percent of respondents citing replacing ageing machinery as one of their top 5 business priorities for 2021. Rather, the emphasis was on investing in technology to make manufacturing smarter and less vulnerable to pandemic disruption.

What they said

The levels of optimism uncovered by SYSPRO’s online survey suggest that CFOs – who are increasingly responsible for risk management in their organizations – now see COVID-19 as manageable in a business context, rather than terminal.

Enterprise Resource Planning and Business Intelligence were identified as vital, thanks to their information-gathering, processing and analysis capabilities. In uncertain trading conditions, better, more accurate and more timeous data allows for smarter decision making, as well as supporting strategic decisions through trend identification and assessment.

–Mark Wilson, CEO of Europe, Middle East & Africa at SYSPRO

Tags: Covid-19SYSPRO
SendShare146Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Marius Wessels, Professional Services Manager for SYSPRO Africa.

How SYSPRO is Paving Way for Smarter Manufacturing with ERP Solutions

September 3, 2024
ERP Migration and Deployment, and Their Challenges

ERP Migration and Deployment, and Their Challenges

September 16, 2022
African Manufacturers Must Remain Committed to Skills Development

African Manufacturers Must Remain Committed to Skills Development

July 18, 2022
How Manufacturers Can Leverage Data to Drive Business Intelligence

How Manufacturers Can Leverage Data to Drive Business Intelligence

June 20, 2022
Demystifying ERPs In Manufacturing: A Case Study Of Synresins Ltd

Demystifying ERPs In Manufacturing: A Case Study Of Synresins Ltd

June 16, 2022
SYSPRO

Near Half of Kenya Manufacturing Firms Interested in Installing ERP Systems in the Next Five Years

November 26, 2021

Latest

Private Number calls

How to Handle Private Number Calls in Kenya

May 8, 2025
Kenya Power EV charging stations

Kenya Power Rolls Out 45 EV Charging Stations Across the Country

May 8, 2025
Bayobab

MTN’s Bayobab Connects Uganda and Kenya with New Fiber Route

May 8, 2025
Airtel Africa Starlink partnership

Starlink Is Expanding in Africa Through New Airtel Partnership

May 8, 2025
Android FreeType patch

Android May 2025 Security Update Fixes Critical FreeType Zero-Click Vulnerability

May 7, 2025
worldcoin kenya

Court Ruling Orders Worldcoin to Delete All Kenyan Biometric Records

May 7, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

How to Handle Private Number Calls in Kenya

May 8, 2025

Kenya Power Rolls Out 45 EV Charging Stations Across the Country

May 8, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

5 Leading Grant Management Software for Nonprofits

More News

Smartphone Market Recovers Slightly in Q1 2025 With Apple, Vivo Leading Gains

GTA 6 Trailer 2: Rockstar Confirms Release Date and Dual Protagonists

YouTube Now Lets Two People Share a Premium Plan

Infinix GT 20 Pro Review: You Don’t Need to Overspend on Gaming Power Anymore

Safaricom Transitions Customers to New Emerald PostPay Plans

Android 16 Will Let You Track Suspicious Activity on Your Phone

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.