‘Essential services witnessing higher demand’
May 10, 2021
SIS India MD also sees spike in demand for facility management, security services
Essential services like security, facility management and cash logistics are either witnessing a demand recovery or steady flow across “pockets” in the country, says Rituraj Kishore Sinha, MD, SIS India.
While the country grapples with a deadly second wave of Covid-19 infections, there has been a rise in demand (for security services and facility management) from hospitals, nursing homes, warehouses and manufacturing facilities.
On the other hand, a “slow rebound” is happening in segments such as hotels, malls, offices, railways and airports – which remained closed for large parts of FY21, and are also facing the current brunt of state-wide lockdowns and restrictions. Some of these segments continue to face “low operating leverage” – working with a smaller workforce than required.