Opportunities

There are opportunities in Thermax Limited in the technology and biotechnology industries. It is a growing market segment with higher profit margins. In addition, it is a knowledge-dependent market area that requires great skills, so that low-wage countries can compete in this market segment, which provides more industrialized countries. The growing external middle class market provides opportunities for technology and biotechnology manufacturers to increase profits through exports.

There are opportunities in manufacturing industry in the technology and biotechnology industries. Moreover, it is a science-based market area that requires great skills, so that low-wage countries can compete in this market segment, which provides more industrialized countries.

More than half of all global energy consumption is generated by industrial production and could grow by 1.5% globally by 2035. It presents the potential demand for solutions that reduce carbon footprint and industrial energy use costs. This trend is expected to further increase demand in the corporate energy sector where energy efficiency and waste energy will be one of the main drivers for growth in the business (Görener et al. 2012).

After the signing of the COP 21 and COP 24 agreements on climate change, environmental, sustainable and economic mitigation became a mandatory focal point for all countries. Strict environmental conditions around the world will not significantly help the organizational environment department.

Global requirements for new air pollution control systems will not be a great opportunity due to the revision of emission conditions. Many countries require air quality control equipment for the SOX transmitter industry. This increases the demand for FGD systems that reduce the flow of SOX gas through chemical treatment. As a result of this policy change, companies are realizing the potential for a greater demand for environmental solutions.

The growth of the global food processing industry due to urbanization and consumerism will be the driving force behind the growth of manufacturing industry water recycling solutions that will be the main hub for all industries and companies consider them important drivers for water and waste management.

Threat

In the current scenario, COVID-19 is the biggest threat to the epidemic and lockdown organization. The epidemic not only disrupts the supply chain, it also creates labor shortages due to migration, which is not a condition of labor and physical distance. The virus will affect the feelings of customers and investors for a year or two due to orders to disrupt large projects and will have a negative impact on the workplace of the company in the coming financial year.

Geopolitical tensions and trade wars between major economies pose a threat to international activity and international supply chain. In India, the liquidity crisis, debt levels and negative customer and investor sentiments rier potential barriers for banks and non-banking financial institutions is the threats for the company.

The higher profit margins of some of the companies most affected by the COVID-19 epidemic have further strengthened the cash flow situation, which will affect Capex investments.

The biggest threat to the manufacturing industry in developed countries is low wage countries. Low wages in these countries make many businesses unable to compete in developed countries, they demand to find or stop looking for cheap labor. Increasingly, India has become an even greater threat to the manufacturing industry with its ability to provide low-wage educated workers to gain a foothold in the high-tech manufacturing market segment (Görener, 2012).

Critically assess the extent to which the organisation has responded to the emerging megatrend

Disruptive technology and megatrend create future production. The Fourth Industrial Revolution – Industry 4.0 has gained momentum in recent years and will be transformed in 2017 Industry 4.0 Realization of the digitalisation potential of the Art and Technology (IoT) industry combined with artificial intelligence and information science. True, Industry 4.0 will allow manufacturers to reduce costs as well as increase efficiency. The revolution was not very surprising. By 2020, there will be 30 billion connected devices in the world. This pushes the Big Data Mountain thing into the unknown. Machine communication with other people and other machines generates a lot of data that returns more than 5,000,000 people in the last two years of history.

By handling a variety Fuel, including waste from biomass and industrial processes, heating systems of manufacturing industry help customers achieve better efficiency. Eco-friendly steam backups use and replace heat from any source electric guzling cooling equipment. Manufacturing industry combines efficiently in a variety of fields to create integrated heat, energy and cooling solutions.

Manufacturing industry Utility Power Plant, a pre-determined player in further power plants for development initiatives. It is one of the largest Indian companies in supercritical technology for making boilers for mega power plants. Manufacturing industry distributes solar energy to help customers meet their heat, cold and electricity needs. Increasing waste resources through water and waste management solutions helps industrial and civil society organizations reduce waste pollution, recycling and recycling. Additional service points for utility management through optimal energy processing and commercial rental fuel use for cash reconstruction and renovation, design and application, providing uninterrupted heat to the industrial term, providing steam and cold water to pay for them per unit cost. Manufacturing industry has reached clients in 6 countries across Asia Pacific, Africa, Middle East, Europe, CIS countries, USA and South America (Tjahjono, et al. 2017).

References

Görener, A., 2012. Comparing AHP and ANP: an application of strategic decisions making in a manufacturing company. International Journal of Business and Social Science, 3(11).

Görener, A., Toker, K. and Ulucay, K., 2012. Application of combined SWOT and AHP: a case study for a manufacturing firm. Procedia-social and behavioral sciences, 58, pp.1525-1534.

Tjahjono, B., Esplugues, C., Ares, E. and Pelaez, G., 2017. What does industry 4.0 mean to supply chain?. Procedia Manufacturing, 13, pp.1175-1182.