ERA Boosts Saudi Manufacturing Company Despite Pandemic Pressure
- The company engaged ERA to help reduce its direct production costs while maintaining the same level of quality and service.
- It had limited internal expertise in identifying cost savings opportunities or improving operational efficiencies.
- The company had undergone significant restructuring as a result of the Covid-19 Pandemic.
The pandemic has had a significant impact on the manufacturing industry worldwide, and Saudi Arabia is no exception.
According to a report by the Saudi Industrial Development Fund, the pandemic has caused a 20% decline in the manufacturing sector’s sales in the first half of 2020. Additionally, according to a survey conducted by the National Association of Manufacturers in the United States, 78.3% of manufacturers expect a financial impact due to the pandemic.
The supply chain disruptions caused by the pandemic have forced manufacturers to find alternative sources for their raw materials, leading to increased costs and delayed deliveries.
The survey also found that manufacturers are experiencing decreased demand for their products due to the economic slowdown, leading to reduced production and layoffs.
Download the full case study to explore how ERA was able to deliver substantial savings to the Riyadh-based Production Plant.
With the help of ERA, this Riyadh-based Production Plant were able to make mid-point savings of approximately 2.3 million SAR. Explore how by downloading the full case study.
