Sanitaryware makers to manufacturers of consumer durables remain optimistic about an economic revival in 2021 but cautious as the risk of COVID-19 pandemic still exists, officials said on Wednesday. Many companies across sectors are looking to make their balance sheets strong after they have experienced market disruptions in the current calendar year due to the raging global coronavirus outbreak, they said. Firms ranging from tourism, food and beverage sectors to sanitaryware industry are focusing on the health and hygiene segment and strengthen their digital presence to overcome the challenges, the officials said, adding that the economic revival is expected in the second half of the next year, they said.
Companies hopeful of economic recovery in 2021 but cautious about COVID-19 pandemic
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Last Updated: Dec 23, 2020, 01:59 PM IST
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The COVID-19 pandemic has changed the scope and range of home appliances and help the sector evolve from conventional to smart products, consumer durable goods maker Panasonic said.
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KOLKATA: Sanitaryware makers to manufacturers of consumer durables remain optimistic about an economic revival in 2021 but cautious as the risk of COVID-19 pandemic still exists, officials said on Wednesday. Many companies across sectors are looking to make their balance sheets strong after they have experienced market disruptions in the current calendar year due to the raging global coronavirus outbreak, they said.
Consumer sentiments have remained good during the festival season.
Sanitaryware makers to manufacturers of consumer durables remain optimistic about an economic revival in 2021 but cautious as the risk of Covid-19 pandemic still exists, officials said on Wednesday.
Many companies across sectors are looking to make their balance sheets strong after they have experienced market disruptions in the current calendar year due to the raging global coronavirus outbreak, they said.
Firms ranging from tourism, food and beverage sectors to sanitaryware industry are focusing on the health and hygiene segment and strengthen their digital presence to overcome the challenges, the officials said, adding that the economic revival is expected in the second half of the next year, they said.