PRODUCT

MANAGEMENT
ASSIGNMENT 2
MIDTERM
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CeramicBangladesh
Products
Ceramic Products
Bangladesh's growing ceramics sector is seeking Like all other export sectors, the ceramics
government support as the already-struggling industry is facing order cancellations.
industry is facing a deeper crisis amid the Ceramics factories are also facing extreme
coronavirus pandemic. shortages of working capital.
Over the first eight months of the current fiscal
year – July to February – ceramic exports fell 60 In this circumstance they cannot pay regular
percent year-on-year – from over $56 million to wages or repay the current portion of bank
$23 million. liabilities on time and they need a hand from
the government to keep afloat.
The locked wheel of global trade due to the
coronavirus pandemic has shut the doors for
Bangladeshi ceramics exporters right now, while
the fall in demand on the local market has also
made it hard to sell manufactured products.

Additionally, disruptions to the supply of raw

materials from China and lower attendance of
workers at factories imposed a shutdown-like
situation for ceramics manufacturers even before
the 10-day government-announced holiday.
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China
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The coronavirus (Covid-19) outbreak has caused a While the country is beginning to get back to
slowdown of China’s economic growth. The work at a slow pace after the coronavirus
International Monetary Fund has cut China’s gross
outbreak, many factories have not yet started
domestic product (GDP) growth outlook by 0.4%
to 5.6% but also alerted of further alterations, operating at a full capacity due to shortage of
taking into account the extent and magnitude of staff and raw materials.
the impact of the coronavirus outbreak.
Solar PV manufacturers such as Trina Solar has
The current scenario in the country is going to alerted about production delays and LONGi Green
have an effect on its power demand and
generation. China is a world leader in renewable has commented that there is no significant
energy investment. The country has proved itself outcome on its solar PV panel sales and
as a leader in wind power installation, wind production and its shipment targets will also not
turbine manufacturing and solar photovoltaic (PV) experience any changes this year.
manufacturing.
The country’s renewable power sector is
experiencing the impact of the Covid-19,
specifically wind and solar PV, which could witness
lower capacity additions in Q1 2020 due to
suspended manufacturing and construction works.
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