COVID-19 affects the entire economic system of the world. The pandemic forces people to abandon the well-established business processes and suspend business activities. This causes as much harm as the disease itself. However, if developed countries have strong financial levers to help businesses, Ukraineт does not have such a financial reserve. This is a serious challenge for Ukrainian businesses.
The experience of leading players in the domestic and world economic markets is extremely important now. It is about those who are successfully getting out of a difficult socio-economic situation thanks to the optimal and effective organization of all business processes and social activities. The experience of these entrepreneurs, state and public figures is revealed in this LDaily issue.
Valeriy Krasovsky, the CEO and co-founder of Sigma Software, shared with LDaily his thoughts on the possibility of a new format for the IT companies’ activities in extreme quarantine conditions. Companies working in promising segments received a serious impetus for development due to the crisis. They gained investments and new customers. Additionally, the majority of IT companies are now painlessly switching to the remote work format, which has already proven its effectiveness. This trend will continue.
Viktor Shevchenko, Co-owner of ZAMMLER Group of Logistics Companies, informed the readers of LDaily about the situation in the field of international transportation affected by the introduction of quarantine on a global scale.
Vitalii Bulda, the CEO of Robert Bosch Ltd, the Vice President of Bosch Thermotechnik GmbH in the Baltic States and CIS (except Russia), a Plenipotentiary of the Bosch Group in Ukraine, spoke with LDaily about the situation in the engineering industry caused by the outbreak of COVID-19. An experienced manager is convinced that powerful businesses — including Robert Bosch Ltd — should significantly increase their social significance in difficult times. Mutual assistance, support, and charity are crucial for overcoming serious global challenges.
Dietrich Treis, CEO of LLC UIFK-Agro, told LDaily about his view of the situation caused by the coronavirus spread. An experienced agrarian reckons that the agricultural sector will be influenced by the pandemic less than other sectors of the economy. Nonetheless, agribusinesses should provide their field workers with all the necessary protective equipment against the disease.
Josef Graf, CEO of Porsche Ukraine (the official importer of Audi, SEAT and Volkswagen Commercial vehicles), shared his thoughts with LDaily on the pandemic situation in the automotive industry and directed attention to the significant decline in sales both in Ukraine and globally. However, despite all the issues and being aware of its own social importance, the company provided substantial support to some medical institutions in Kyiv, providing them with cars and fuel. Mr. Graf is convinced that assistance and common efforts are the right track to defeat the pandemic.
Vitaliy Karmazinsky, Director of Luxoft Ukraine, when speaking with an LDaily journalist, stressed that, despite the current coronavirus crisis, the IT sphere will continue growing and driving the Ukrainian economy. According to Vitaliy, there will be a boom in IT services as soon as the world overcomes the pandemic, and new digital trends will appear. This boom is now starting, meaning the domestic IT industry is ripe for investment.
Gennadiy Chyzhykov, President of the Ukrainian Chamber of Commerce and Industry, a well-known and experienced specialist in foreign economic, shared his views with LDaily readers on the emergency situation in global and Ukrainian business caused by the massive coronavirus spread. Mr. Chyzhykov notes one important peculiarity that during this difficult time, the Ukrainian business community began to actively consolidate and launch joint projects more and more often. This helps solve economic issues. He also says that the state support of small and medium-sized businesses, as well as the development and implementation of a non-standard program to overcome the crisis, is no exaggeration crucial at the moment.
Vitaly Sedler, the CEO and co-founder of Intellias, is sharing his experience in organizing the effective functioning of IT companies during the quarantine with LDaily. First, transferring a significant share of company specialists to the remote work format protects all employees against COVID-19. It is also essential to develop an anti-crisis set to optimize customer service, create a reserve of experts, and reduce costs. Social responsibility in the joint fight with the government and the community against the pandemic is another vital component.
Mykhailo Shelemba, CEO of Datagroup
Oleksandr Panchenko, Sika Ukraine LLC, General Manager
Elchin Mamyedov, CEO of SOCAR Ukraine Company Group, shared his ideas with LDaily readers on how to effectively organize the operation of gas stations in large-scale quarantine. First of all, it’s necessary to strengthen sanitary conditions, as well as digitalize all processes, change the assortment of goods, expand the range of services and facilities. For example, this could be working in the “to go” mode, pre-ordering the market products or paying for fuel is available with the mobile application, arranging customers’ rest areas.
Nataliia Osadcha, Co-founder of S&P Agency Investment Risk Management, shared her thoughts with LDaily on how to avoid issues in doing business during this extremely difficult time for the whole world. With 20 years of experience not only in saving but even developing a business during periods of crises of various levels, Nataliia advises first of all to search for new markets for activities. In fact, one of the most promising markets, especially for foreign business, is the Ukrainian one.
In her interview with LDaily, Emma Turos, the Managing Director of the Canada – Ukraine Chamber of Commerce, analyzed the situation in various economic sectors caused by the spread of COVID-19, focusing on the relations between Ukrainian and Canadian entrepreneurs. She noted that the transformation of global consumer habits and demands has freed up many industry niches that can be successfully mastered by the Ukrainian entrepreneurs that are well-known in the Canadian business circles and have proven to be reliable partners.
Oleksiy Avramenko is a CEO and founder of EasyPay, the largest Ukrainian group of fintech companies. As an adherent of proximity marketing, he was the first in Ukraine to develop and implement its concept on a national scale. Oleksiy shared his ideas with LDaily readers on how to manage work, first of all, paying attention to smart planning that helps avoid working overtime and prevent burnout.