DEBATE VOLATILITY
IN ASSOCIATION WITH:
FROM VOLATILITY TO VICTORY
The Covid pandemic has fuelled volatility in all sectors. With foreign exchange and global payment experts AFEX we brought together a panel of business leaders to discuss how businesses have coped with massive uncertainty and managed their volatilities, and what lessons they are learning from the roller-coaster ride
PRESENT: Richard Slater
Lancashire Business View (chair)
Peter Walshe AFEX
Dawn Stockell VEKA
Tony Grimshaw What More UK
Tony Raeburn Pets Choice
Rollie Attard Panaz
Peter Slater CMAC Group
Khalid Saifullah Star Tissue UK
Khalid Saifullah – Star Tissue UK
Most businesses face volatility in some shape or other but before the pandemic we really didn’t experience much, because hygiene products were being used across the board and we had regular orders.
We’ve seen a radical change. At the start of lockdown, we experienced huge demand because of panic buying. Then, with the lockdown, we saw a big dip because our primary business is supplying hospitality, tourism, offices, theme parks and the food sector. All of that being closed affected our business quite radically.
There were periods when we ordered too much raw material and periods when we didn’t order enough and again, were caught out.
After the new year it became a whole new game, with volatility in paper supply. There has not been enough recycled paper so people in that sector are facing huge price pressures. We’ve seen plastic prices going through the roof.
Then there’s the EU aspect. EU deliveries have been coming through with minor delays, we’ve had to change a lot of what we normally do. Deliveries to Ireland have been a pain, our customers there have been very patient with us. There is so much paperwork we’ve got to complete and send off prior to getting stuff over there.
Initially when the pandemic began, we reviewed, we looked at every aspect of the business. We had our vision of where we wanted to go, so we used that time to develop the business to where we need it to go.
We used the time to really look ahead. It’s helped us to understand our business a lot better and prepare it to be much stronger when we come out of the pandemic.
Khalid Saifullah
LANCASHIREBUSINESSVIEW.CO.UK
57
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72
