Opportunities And Challenges Under The Impact Of Covid-19

Since the outbreak of the COVID-19 in 2020, the prices of coal and oil have risen sharply, resulting in the price of asphalt, modifiers and other raw materials, as well as the cost of waterproof materials.

In this context, how does PENNINT deal with the uncontrollable and unchangeable situation that raw material price rises sharply and frequently?
Under the condition of ensuring the quality and market stock of the main products, PENNINT invests in research and development, and alleviates risks by constantly improving the product structure. In addition, the supply chain should be continuously optimized to effectively reduce procurement costs, improve raw material quality and enhance waterproof business competitiveness of all parties through joint development of supply chain business.
Despite the challenges, PENNINT still maintained the bottom line of quality and offered competitive prices to customers within the cost range, which has been consistently recognized by customers and resulted in a amazing increases in new transactions compared to 2019.
Come on, PENNINT!

Since the outbreak of the COVID-19 in 2020, the prices of coal and oil have risen sharply, resulting in the price of asphalt, modifiers and other raw materials, as well as the cost of waterproof materials.

In this context, how does PENNINT deal with the uncontrollable and unchangeable situation that raw material price rises sharply and frequently?

Under the condition of ensuring the quality and market stock of the main products, PENNINT invests in research and development, and alleviates risks by constantly improving the product structure. In addition, the supply chain should be continuously optimized to effectively reduce procurement costs, improve raw material quality and enhance waterproof business competitiveness of all parties through joint development of supply chain business.

Despite the challenges, PENNINT has maintained the bottom line of quality and offered competitive prices to customers within the cost range, which has been consistently recognized by customers and resulted in a 2% increase in new customer transactions compared to 2019.

The COVID-19 was a challenges and opportunities. Come on, PENNINT!