Tackling COVID-19
Looking beyond the virus
As the impacts of the COVID-19 pandemic continue to span the globe, leaving a wake of health and economic challenges in its path, manufacturers must continue to operate in the face of uncertainty to ensure that global supply chains are secured.
Macrodyne is no different. Deemed an essential service, it remains open for business, ready to support its hydraulic press solutions and the customers that rely on them to manufacture their products.
Macrodyne remains open for business, ready to support its hydraulic press solutions and customers.
Macrodyne and Canada are a safe harbor in this sea of manufacturing uncertainties
A recent report by the Organisation for Economic Co-operation and Development (OECD) shows that while this is the worst economic contraction since the 2008 financial crisis, effective containment measures can mitigate the negative economic impacts and the length of time they will be sustained.
If conditions in China are any indication, the mandated self-isolation and closing of non-essential businesses meant to mitigate the spread of the virus will be short-lived and economic activities will soon return to full strength. Most global economies are expected to bounce back by the end of the year and will experience a healthy rebound in 2021. Some countries like Canada, where population density, a rapid and collective response, and government stimulus are present, are expected to recover quite quickly. In contrast, countries that did not heed the warnings and procrastinated, may not fully recover until 2023-24. The favorable US to Canadian dollar exchange rate will also serve to stimulate spending in the Canadian manufacturing sector.
In light of the current economic environment, the way in which business is conducted is sure to change, but it will not diminish the need for products and the manufacturing equipment that produces them.
If conditions in China are any indication, the mandated self-isolation and closing of non-essential businesses meant to mitigate the spread of the virus will be short-lived and economic activities will soon return to full strength. Most global economies are expected to bounce back by the end of the year and will experience a healthy rebound in 2021. Some countries like Canada, where population density, a rapid and collective response, and government stimulus are present, are expected to recover quite quickly. In contrast, countries that did not heed the warnings and procrastinated, may not fully recover until 2023-24. The favorable US to Canadian dollar exchange rate will also serve to stimulate spending in the Canadian manufacturing sector.
In light of the current economic environment, the way in which business is conducted is sure to change, but it will not diminish the need for products and the manufacturing equipment that produces them.
Are your manufacturing operations equipped and ready to weather the storm?
Macrodyne is a strong and healthy company. As North America’s largest hydraulic press manufacturer, with over three decades of experience, it is well-positioned to help manufacturers through these challenging times, ensuring they are ready for the return of the market with new or rebuilt equipment.
Macrodyne follows mandated protocols and safety measures to ensure the safety of our customers and staff. We are taking the necessary precautions and we are in full compliance with mandated hygiene and social distancing practices to ensure our team stays healthy and ready to spring into action to support our customers as the threat of COVID-19 persists.
Positive steps have been taken to reinforce Macrodyne’s supply chain and parts inventory to insulate it from the temporary halting and disruptions of global supply chains, making it the lowest-risk solution provider available for customers who must make the difficult capital decisions that will keep their manufacturing operations optimized long after the virus is gone.
Macrodyne is well-positioned to help manufacturers through these challenging times.
