Webinar-CEO Roundtable How Companies Are Preparing Themselves For Future
June 17, 2020
Resurgent India Knowledge Series Presents
Webinar-“CEO Roundtable How Companies Are Preparing Themselves For Future”
Moderated By: Mr. Jyoti Prakash Gadia, MD-Resurgent India Limited
Speakers: Mr. Sushil Mohta, Chairman-Merlin Group, Mr. Mayank Jalan, Chairman & MD-Keventer Agro Ltd, Mr. Gyanesh Chaudhary, MD-Vikram Solar
Industry Overview of Real Estate
- The course of the pandemic has made everyone realize that one should prepare for any contingencies. Odd events like these can hit anyone anytime.
- Communication and socializing have improved via many virtual meetings and webinars with industry peers, staff, customers, suppliers, and all the stakeholders.
- Real Estate for the residential market will redeem its status in a 6 month time because of a change in the perception of the homebuyers to invest in comfortable living space
- The market of affordable housing- 50 lacs to 1.5 cr- in tier 2 cities and tier 1 cities, except for prime location, will see an increase in the sales velocity because of attractive home loans and dollar exchange rates for NRIs.
- Real estate developers will carry out deep strategic research to analyze the demand, project viability, and project-specific details with the help of IT & data analytics before venturing or launching a new project. The herd mentality will be gone.
- Minute detailing and planning will be key in order to conserve cash. Developers will dissect unnecessary costs that were rallying up due to inefficiencies.
- Migrant labor will be a problem in cities like Mumbai, Chennai, Bangalore but not in Kolkata, as the city is the labor source of the country.
- The consolidation of small developers with the brands was already happening due to GST & demonetization, but now it will increase drastically.
- The public will be attracted to real estate as an investment because of disruptions in other asset classes. The Indian sentiment of “owning a home” is still very relevant and prevalent in today’s time.
- Although, new project launches may take a back seat as developers will focus on completing the projects and untie up cash flow from existing projects. An increase in the operational expenditure due to COVID-19 & nearing of monsoon will also play a role in reducing new launches.
Industry Overview of Essential industry
- The harsh reality of the situation is that the crisis, at some point in time, will affect everyone economically. Even the essential commodities are experiencing relatively low consumption
- Businesses are experimenting with their style of communication to customers and suppliers, diversifying their product range, actively adapting or shifting to better technology, etc.
- Manufacturing firms are also shifting to ‘lean manufacturing’ and cutting down on expenditures.
- Company (Keventers) will focus on three key areas that will translate into growth are new, diversified product baskets, distribution channels, and acquisitions.
- There is a transformation in communication. The government has also been very supportive and authorities are working tirelessly on addressing different sectoral issues faced by business owners. The responsiveness given to easy communication is expected to get even more robust.
- Business ethics and professional integrity are what a company thrives on during grueling times. Supportive staff environment and like-mindedness of all the stakeholders play a crucial role.
Industry Overview of Renewable Energy (Solar)
- These are interesting times where industry leaders will have to reinvigorate their tactics of handling the ongoing crisis. All the previous management playbooks and experiences of the past are irrelevant in today’s scenario, and webinars like these are becoming a platform for shared wisdom.
- The organizations will have to build their respective, independent framework to resolve the issues faced at the same time ensuring and protecting the communities. Ensuring that resuming work or operations will not add to the current problems. This crisis can also serve as a point to bring about reform for the sake of the bigger picture and larger subject.
- Several companies have deep-dived into the developing system to ensure
- Team health & safety- reduce the risk of transmission, boost morality, follow compliances
- Business strengths- Identifying ways to get back on track, preserving customer trust, and managing resources.
- Financial resilience- Maintaining cash discipline, cutting down expenditures, financial planning & stress testing
- Future- Supply chain units shifting to India, Change in dynamics of the working environment- work from home.
- Renewable sector companies will ready themselves to grow organically through technology interventions & development and look at long-term sustainability.
- With a view in the solar energy sector, business fundamentals have not changed. India is expecting to achieve 100 GW solar energy capacity by 2022. The target was already a challenge, and that is where technology and innovation will come into the picture to achieve the target & give security on the bankability of the ambition to the financial institutions.
- The solar sector will face serious unique challenges in terms of the execution of the work order book.
- Earlier, the supply chain was disrupted because of the shutdown of Chinese markets.
- Deploying technology in the form of artificial intelligence, robotics, machine learning, etc will help to bring in cost-effectiveness and efficiency in the solar sector.
►Watch the webinar here: https://www.youtube.com/watch?v=Aryu5ZB1K1g