CRITICAL ANALYSIS OF THE IMPACT OF COVID-19 IN THE MANUFACTURING SECTOR
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CRITICAL ANALYSIS OF THE IMPACT OF COVID-19 IN THE MANUFACTURING SECTOR
ABSTRACT
This study was conducted to investigate the influence of covid-19 on the manufacturing sector, with Dangote Sugar Refinery serving as a case study. To do this, two research hypotheses were developed. The study was conducted out at the Dangote Sugar Refinery in Lagos State. This study used a survey design with simple random sampling procedures.
The population size includes the entire personnel of the Dangote Sugar Refinery. When calculating the sample size, the researcher chose 67 responses at random, with 50 validated. Data was collected using a self-constructed and verified questionnaire.
The collected and validated surveys were analysed using frequency tables and percentages, and the hypothesis were evaluated with the Chi-square statistical technique. The findings show that the manufacturing sector is important to Nigeria’s economy, that Covid-19 had no positive effect on food and beverage companies
that Covid-19 severely affected the manufacturing sector, and that Covid-19 has a significant impact on food and beverage manufacturing companies. Based on the findings, the researcher recommended that cleanliness measures be implemented immediately, and workstations be reconfigured for safety purposes.
Companies could investigate automated methods to reduce the number of personnel on the manufacturing floor, such as stagger shifts, increasing the space between workers, and banning visitors. For example, automating repetitive processes like as assembly and predictive maintenance
As well as transferring new information throughout the supply chain, would be ideal. Companies should update best practices as the situation changes and support suppliers in executing them. They should also prepare for supply chain pivots that may necessitate discovering other suppliers.
Chapter one
INTRODUCTION
1.0 Background of the Study
Historically, the manufacturing industry has been critical to developing countries’ economic prosperity. The manufacturing industry is involved in the design, processing, and preparation of products made from commodities and raw materials.
This comprises the automotive, chemical, food and beverage, machinery, electronics, and other sectors. The manufacturing sector is a significant portion of the economy, accounting for roughly 16% of global GDP in 2018.
The manufacturing industry has been affected particularly hard by COVID-19. In the first three months after the outbreak of COVID-19 in Wuhan City, Hubei Province, China, a devastating number of new cases were reported across China and numerous other nations. It was finally declared a global pandemic by the World Health Organisation (WHO) in March 2020.
According to evidence, COVID-19 spreads through respiratory droplets via contact pathways such as the mouth, nose, conjunctiva, or eyes (UNICEF 2020). Typically, the novel corona virus began in China
which is home to the bulk of industries that supply raw materials to various industrial units across the world. Lockdown was implemented to prevent the infection from spreading further.
The subsequent lockdown brought industrial facilities to a halt, disrupting the whole global supply chain. To put things in context, more over 75% of enterprises have “one or more direct or Tier 1 suppliers” in China, and 938 of the Fortune 1000 corporations have Tier 2 suppliers there (Batch E.RP 2020).
This set off a cascade of events that included a dramatic drop in worldwide Foreign Direct Investment (FD) inflows as well as a global economic slowdown. The United Nations Conference on Trade and Development (UNCTAD) anticipated that the COVID-19 outbreak might reduce worldwide FDI by 5 to 15% due to a drop in the manufacturing sector and factory closures.1.2 Statement of the Problem
COVID-19’s impact on the global manufacturing industry can be divided into discrete manufacturing (automotive, machinery, electrical and electronics, metal, aviation, etc.) and process manufacturing
which includes food and beverage, chemicals, pharmaceutical and medical equipment, paint and coatings, and personal care and cosmetics, among others.
Food and beverage manufacturers are currently dealing with considerably reduced customer consumption as well as supply chain concerns.
The food aisles are experiencing increased scarcity, and rampant stockpilers who have engaged in panic buying have contributed significantly to this, aside from, of course, the supply chain derailment.
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