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March 27, 2020

Covid-19: Supremex provides updates on business operations continuity

Paper-based packaging solutions provider Supremex has provided updates on the steps being taken to ensure continuity of business operations amid coronavirus (COVID-19) spread.

 

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Paper-based packaging solutions provider Supremex has provided updates on the steps being taken to ensure continuity of business operations amid the Covid-19 coronavirus pandemic.

The company is in operations to continue business in order to keep serving its customers.

The North American manufacturer has already taken measures to prevent liquidation and protect its employees.

Supremex provides packaging solutions to markets including pharmaceutical, food and e-commerce industries.

The company operates 13 facilities across seven provinces in Canada and three facilities in the US with approximately 935 employees.

The company is also a marketer of envelopes to government entities, financial institutions, utilities and other large organisations.

Supremex noted that its business continuity plan is in effect now, which seeks to further improve safety measures for employees.

The plan also seeks to continue production in all of its 16 North American manufacturing facilities.

Additionally, the management is restricting capital expenditures set aside for the company’s “critical maintenance projects”. Working capital and expenses are also being tightly monitored.

Supremex president and CEO Stewart Emerson said: “We are dedicated to the safety of our employees, their families and of our communities and have implemented rigorous measures to ensure that we safeguard their health and wellbeing.

“We are part of an important supply chain to critical businesses and organisations, and we remain committed to supporting our customers operating in these challenging times.”

Total confirmed cases of Covid-19 coronavirus have climbed to 532,564 globally, while the death toll has reached 24,077.

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Build resilience in the face of COVID-19 disruption

COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
Enter your details here to receive your free Report.

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