Oct 15, 2020
COVID-19 Impact on Industrial Safety in Semiconductors and Electronics Industry
- Semiconductors and Electronics
- Oct 15, 2020
COVID-19 Impact on Industrial Safety in Semiconductors and Electronics Industry
Industrial safety plays an important role in the procedures and policies implemented to ensure worker safety in different industries. The device is used to avoid various workplace hazards and, in many situations, to eliminate the cause of industrial accidents, thus protecting workers, the manufacturing environment and equipment and properties.
The industrial safety system for all unsafe installations, such as oil and gas installations and nuclear plants, is important. In case of a procedure that goes over the permissible control margins, they are used to protect individual, industrial plants and the environment.
The impact of COVID-19, the market is projected to have a significant impact on the current scenario; manufacturers are increasingly focusing on the value of industrial safety. However, due to lockdowns across countries, businesses are facing significant cash flow problems and are deferring new initiatives related to the introduction of industrial safety.
Simon Reeve, Chief Executive Officer of Technology and Innovation at Lloyd's Register, stressed the shift in perception of the risk industry during the COVID-19 crisis, adding, "Industry is very much used to handle tangible and physical safety threats. However, Coronavirus is invisible and cannot be identified at an early stage, which has added a whole new dimension to the field of occupational health.
Jim Kilpatrick, Global Supply Chain and Network Operations Chief for Deloitte Consulting, highlighted the value of moving towards digitalization and innovative approaches to building more robust supply chains. "Companies are creating digital copies of their supply chains and then digitally analyzing them through machine learning and artificial intelligence in order to optimize their supply chains and improve their productivity.
In times of major challenge and crisis such as COVID-19, Workplace Safety and Health (OSH) practitioners have a vital role to play in helping business leaders, employees and governments to protect their lives and manage OSH and well-being threats, business continuity and sustainability. They work in all markets, at all levels and with organizations of all sizes and forms across the globe.
The Coronavirus pandemic and the massive loss of life and human suffering is a public health problem that is testing the collective capacity of the world to respond. The protection of people is a high priority for public policy and decision makers. As part of this, conscientious workplaces are designed to protect the physical and mental health of workers, avoiding exposure to COVID-19, monitor and spread of the disease.
Composing the horrible and horrific human cost of the pandemic, its socio-economic aspects are widespread and deep concern. Unemployment is a problem, underemployment, lack of social support and poverty-- make workers feel at home in the informal economy forced to do hazardous work and threaten to expose themselves and others to COVID-19.
IMPACT ON DEMAND AND SUPPLY CHAIN
Industrial-products and chemical-products businesses are faced with sluggish demand, supply delays and possible plant closures, which have a drastic effect on retail and purchase costs. Finally, airlines and transport companies worldwide are severely affected by the significant drop in demand for freight and passenger transport, as well as by the cancellation of events.
When the business continuity plans take effect, continue to evaluate the effects on the supply chain and operations such as sync sourcing, production, distribution and delivery and repositioning inventory are constantly focused on the supplier risk programmers.
Consumer staples are unable to keep up with panic shopping demand, but on a voluntary basis or due to restriction steps that have affected supply chains, production and usage, non-essential stores are shut down. For the peak demand monitoring of current capabilities, digital platforms are being followed up as fulfillment and replenishment.
Increasingly, regional energy markets are at risk of sustained demand disruption, and rising liquidity issues are increasing, particularly for energy retailers. Energy and resource firms should consider how best to adapt to these threats now, what actions to take in the short term and how to budget for recovery over the long term, with fast-moving and common incidents.
Industrial equipment companies must also use the power of digital technologies to streamline supply chain operations and allow smart processes. The ever-changing world of diverse consumer requirements, environmental legislation and new business entrants is driving the need to fully reinvent supply chain models.
More than an enabler, supply chain must be a core component of the overall company strategy and a strategic differentiator. By designing the industrial equipment sector with an intelligent supply chain, today's market challenges can be turned into opportunities.
Supply chains have become very complex and critical to the success of many firms. But their interlinked, multinational nature often makes them increasingly vulnerable to a variety of threats, with more possible failure points and less margin of error to withstand delays and disruptions.
Buffers and resilience to withstand shortages and disturbances have been eliminated by a decade-long focus on supply chain management to minimize prices, reduce inventories, and drive up inventory usage. COVID-19 shows how many businesses by their supply chain networks may not completely understand their exposure to global shocks.
The effect on some companies that sell to China may be felt more on the demand side than on the supply side. If demand falls drastically, businesses must quickly decide how they will respond to demand.
Fortunately, new supply chain innovations are evolving that can significantly increase visibility across the end-to - end supply chain and foster even more efficiency and flexibility in the supply chain without the conventional "overhead" associated with risk management techniques.
The conventional view of a linear supply chain and managing your own business is transformed into a digital supply network (DSN) where “functional silos are broken down within your company and you are linked to the entire supply network to allow end-to - end visibility, collaboration, responsiveness, agility and optimization”.
UNICEF is working to help countries develop protection of supply and respond to emerging market realities. On 6 April 2020, UNICEF convened a consultation on behalf of the WHO-led COVID-19 Supply Chain Inter-Agency Coordination Cell (SCICC) to engage manufacturers in identifying current market conditions, exchange shared forecasts and determine how the UN and industry can jointly promote increased production.
UNICEF released an agile tender for PPE goods to cover the needs of the European People's Party (Christian Democrats) and European Democrats for COVID-19 answer during the week of 6 April for the duration up to the end of December 2020. This notice will be revised when the results of the tender come to fruition.
STEPS TAKEN BY INDUSTRIES
Manufacturers are engaged in a groundbreaking effort to increase the production of critical equipment required to respond to the outbreak of Coronavirus. While breathers such as N95 masks have gained the greatest attention from the public and the media, the PPE requires including protective equipment, eye and face protection, gloves and other components of specialized health care professional protrusions.
ISEA members have partnered with the federal government, which bought 500 million respirators, including N95s, surgical masks, and N95s for treatment. This, through essential assistance and contract guarantees, solves respiratory vulnerabilities in the Strategic National Inventory (SNS). It also told Strategic National Stockpile leaders that the lack of ventilation in the Stockpile needs to be given priority.
The association completely supports the new SNS campaign to purchase millions of surgical masks, N95 respirators and N95 surgical respirators. Manufacturer's strong volunteer potential for action, working in collaboration with ISEA representatives to expand the number of items that can be used to react.
Industry measures should be implemented, such as continuing to monitor financial and operational risks and assessing short-term liquidity, identifying and postponing non-critical maintenance, but prioritizing emergency situations, updating the readiness of third-party suppliers, preparing a list of alternatives and a plan for potential shortages in raw materials, Identifying skill sets within the present or newly unemployed workers to protect essential tasks and to reflect on cash control and reprioritizing spending in capital expenditure.
From the above discussed pointers, it is clear that the market for the industrial safety equipment have increased owing to factors that the protective measures to be inculcated by the industries to take precautions and necessary steps in the industry to safeguard their employees from the spread of COVID-19 attack. The companies and various organizations are deploying protective equipment such as gloves, helmets, masks and sanitizers towards the safety.