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TBL LTD’s RESPONSE TO COVID 19
TBL LTD’s RESPONSE TO COVID 19
IMMEDIATE CHALLENGES
• ENSURE HEALTH SAFETY OF EMPLOYEES
• REGULAR SOURCE OF SEED
• PRODUCTION
• IMPORTS
• MAINTAIN LOGISTICS
• MAINTAIN MARKET
HEALTH SAFETY AND SECURITY
Employees should be safe 1. Health safety
social distancing Sanitize frequently
2. Mental security explain possible implications of COVID How to guard one self and family
3. Job security
Total assurance provided for job security.
Also emphasized that all have to work harder during this crisis period.
ENSURE HEALTH SAFETY OF EMPLOYEES
ON 24TH MARCH ALL EMPLOYEES WERE ADVISED TO
1. WASH HANDS FREQUENTLY
2. MAINTAIN SOCIAL DISTANCE OF 1 TO 2 METRES
3. FOLLOW SANITIZATIONS PRACTICES WHILE WORKING
4. MAKE FAMILY MEMBERS AND NEIGHBOURS AWARE OF
THE RISKS OF CORONA DISEASE
ENSURE HEALTH SAFETY OF EMPLOYEES
Maintain Social Distance while waiting for ferry
ENSURE HEALTH SAFETY OF EMPLOYEES
TEMPRATURES CHECKED & RECORDED EVERYDAY BEFORE BOARDING FERRY
ENSURE HEALTH SAFETY OF EMPLOYEES
SANITIZE VEHICLE REGULARLY BEFORE BOARDING
ENSURE HEALTH SAFETY OF EMPLOYEES
WASH AND SANITIZE HANDS
ENSURE HEALTH SAFETY OF EMPLOYEES
CHECK TEMPRATURES OF VISITORS TOO.
OTHER EFFECTIVE ACTIONS TAKEN BY TBL
• YANGON CITY OFFICES WERE CLOSED FROM 4TH APRIL TO 20TH APRIL • FOR 3 WEEKS OFFICES WERE ATTENDED PART TIME FOR TWO DAYS A
WEEK • FOR FURTHER 2 WEEKS IT WAS 3 TIMES A WEEK • FROM 1 ST JUNE IT IS FULL WEEK WORKING. • ALL LOCAL CONVEYANCE BY TAXI ONLY. • IN NAYPYITAW NO THINGYAN HOLIDAY. WORKERS WERE SAFER IN THE
FIELDS. • ALL OUT STATION SEED DEVELOPMENT OFFICERS WERE STRICTLY ADVISED
NOT TO LEAVE THEIR VILLAGES AND HELP SPREAD KNOWLEDGE OF COVID • ONE EMPLOYEE RECOVERING FROM CANCER HAS BEEN ADVISED TO STAY
AT HOME STRICTLY. SALARIES WERE SENT ON LINE.
REGULAR SOURCE OF SEED LOCAL PRODUCTION
1 Assured seed producing farmers that seed produced by them will be purchased.
2. The logistics were planned
3. Assured the Farmers that 80% payment will be released before dispatch and balance 20 % after receipt and inspection due to difficulties in inspecting at their fields.
4. We have stepped up our production targets for 2020-21 by 30%
REGULAR SOURCE OF SEED IMPORT OF SEED
1 Assured seed purchasing farmers that seed will be available on time.
2. Seed prices will not be increased. But will try to reduce.
3. The logistics were planned well in advance
4. Import recommendations were issued with on line application and 1 visit to collect the letters.
5. Import certificates were issued within 3 days with 2 visits to PPD departments.
6. Clearing was done within 48 hours of arrival of vessel.
7. We have advanced dates of imports of all seed this current year.
Assistance from MYANMAR ECONOMIC BANK
• TBL’S REQUIREMENT OF FUND GREW DUE TO THE EARLY PLANNING.
• Myanmar Economic Bank came forward and have sanctioned and disbursed us the fund within a period of 3 to 4 weeks.
• We chose MEB because it is soon merging with MABD which has branches in every township in Myanmar
• The merged bank ‘STATE COMMERCIAL BANK “ will become the biggest bank serving farmers.
• SCB will be the one bank in Myanmar which understands the farmers need.
THE REAL CHALLANGE
• HOW TO GUIDE FARMERS TO COPE WITH COVID UNCERTAINITIES.
• TBL’S ADVISE TO FARMERS IS 1. Grow more than 1 crop to mitigate risks of market demand.
2. One of the crops must be oil crop. Sesame, Ground nut, Soya, or Sunflower even if Korea, Japan or China buys lesser sesame and ground nut we can consume oil crops domestically and reduce import bills. The demand will be alive.
3. In vegetables prefer longer storage crops like carrot, potato onion.
4. Priority must to given to long storage crops like Cotton, Oil crops, pulses.
5. Grow quality crops which can be exported easily like pulses and beans.
THE REAL CHALLENGE
CROP MARKET UNCERTAINITIES
WHY EMPHASIS ON COTTON CROP?
COTTON HAS THE UNIQUE CHARACTERISTICS WHICH FEW OTHER CROPS HAVE.
• NON PERISHABLE CROP.
• PROVIDES FIBRE FOR CLOTHES WHICH HAS ONE OF THE HIGHEST VALUE ADDITION AFTER PROCESSING. • 500 Kyat Cotton can processed to a 50,000 kyat branded T Shirt.
• PROVIDES 100 VISS EDIBLE OIL PER ACRE OF LAND
• PROVIDES 10 TONNES OF FIRE WOOD PER ACRE
• PROVIDES 600 VISS OF ANIMAL FEED (OIL CAKE) PER ACRE OF LAND.
THE REAL CHALLENGE
CHANGES IN CONSUMER PATERN
The Disease is here to stay for a long time.
There is bound to a material shift in the lifestyle of people including food habits.
1. More purchase of processed food and ready to eat meals.
2. Lesser visits to Restaurants for eating out.
3. Working from home will lead to people consuming snacks than in the office. Healthier snacks will become the need.
4. More time will be spent at home and lesser social gatherings will ensure a shift to comfortable cotton clothing over flashy and expensive synthetic clothes.
5. WE HAVE TO PREPARED FOR A MAJOR SHIFT.
