Authors :
Eliza Victoria N. Villanueva, CPA
Volume/Issue :
Volume 6 - 2021, Issue 4 - April
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/2Rud1WZ
Abstract :
The furniture industry has a long history from
the ancient civilizations as proven by several historical
studies thereat. In the mid-1800s, furniture sellers
developed the practice of buying furniture at wholesale
prices from manufacturers and selling them in showrooms.
This 20th century, the furniture industry is continuously
innovating using the latest technology throughout the
years depending on the needs, style and prices in the
marketplace. However, with the unforeseen occurrence of
COVID-19 pandemic, the people need to adapt to the
“new normal”. Everyone has been affected, including
businesses in the furniture industry. Thus, E and F
Company, both manufacturers leave no choice but to
temporarily close its stores around the world prioritizing
the health and safety of its employees, customers and
communities. Further, several companies have shifted to a
skeleton schedule and work-from-home scheme in
accordance with the advisory of the World Health
Organization (WHO) and government protocols. The
sudden change has transpired the set-up of working and
online classes at home. Hence, people become fascinated to
modify part of their home as a working space and haven in
this time of affliction. Surprisingly, the demand for office
and home furniture is still thriving. Therefore, E and F
Companies must seize this opportunity by creating a
business plan in regard to human resources, financial
position, production and logistics activities, marketing
strategy and other aspects that will inscribe amid this
pandemic
Keywords :
COVID-19, Furniture, Innovation, Operations, Technology.
The furniture industry has a long history from
the ancient civilizations as proven by several historical
studies thereat. In the mid-1800s, furniture sellers
developed the practice of buying furniture at wholesale
prices from manufacturers and selling them in showrooms.
This 20th century, the furniture industry is continuously
innovating using the latest technology throughout the
years depending on the needs, style and prices in the
marketplace. However, with the unforeseen occurrence of
COVID-19 pandemic, the people need to adapt to the
“new normal”. Everyone has been affected, including
businesses in the furniture industry. Thus, E and F
Company, both manufacturers leave no choice but to
temporarily close its stores around the world prioritizing
the health and safety of its employees, customers and
communities. Further, several companies have shifted to a
skeleton schedule and work-from-home scheme in
accordance with the advisory of the World Health
Organization (WHO) and government protocols. The
sudden change has transpired the set-up of working and
online classes at home. Hence, people become fascinated to
modify part of their home as a working space and haven in
this time of affliction. Surprisingly, the demand for office
and home furniture is still thriving. Therefore, E and F
Companies must seize this opportunity by creating a
business plan in regard to human resources, financial
position, production and logistics activities, marketing
strategy and other aspects that will inscribe amid this
pandemic
Keywords :
COVID-19, Furniture, Innovation, Operations, Technology.
