When There is a Slow down..
For the past few months we heard about economy slow down, cost cutting, layoff etc
Economy slow down is a chain reaction, it start with one end and affect the other chain and it will go on and on …
Here is the chain reaction example in garment Industry
Economy Slow down, the impact is Customer is not buying more Garments in the retail Shop in US and UK
Buyer who give Order to Indian Market Call off all the Proposed forecast Order, and Running order.
Garment industry (most of them) handle 2 or 4 Important Garment Buyer, they do business with them in terms of high volume
If even one buyer cancel there proposed forecast order 30 – 40 % Production will affect
So the worker get less work or lay off or no work
We all are geographically in different location, but Inter linked very closely in profession.
Even big economical scholars scratching there head. So what we can do
If you are a salaried, Save some amount for liquid cash to use for disaster like this. It will be good to have 3 month to 4 month Salary as back up. With this you can have some breathing time for relocation.
Economy slow down is a chain reaction, it start with one end and affect the other chain and it will go on and on …
Here is the chain reaction example in garment Industry
Economy Slow down, the impact is Customer is not buying more Garments in the retail Shop in US and UK
Buyer who give Order to Indian Market Call off all the Proposed forecast Order, and Running order.
Garment industry (most of them) handle 2 or 4 Important Garment Buyer, they do business with them in terms of high volume
If even one buyer cancel there proposed forecast order 30 – 40 % Production will affect
So the worker get less work or lay off or no work
We all are geographically in different location, but Inter linked very closely in profession.
Even big economical scholars scratching there head. So what we can do
If you are a salaried, Save some amount for liquid cash to use for disaster like this. It will be good to have 3 month to 4 month Salary as back up. With this you can have some breathing time for relocation.
Comments