TECHGuru

  Enhanced Payment Collection, Credit Control Keep Economies Running during COVID-19 The coronavirus outbreak has weakened global demand conditions and made the demand environment uncertain, which has had a negative impact on order intake. Companies in the gantry crane market are scrambling to stay productive during the COVID-19 outbreak and maintaining business continuity for critical mission projects. Crane providers have cast their focus on stakeholders in the essential goods sector such as medical supplies and food. Physical restrictions at production facilities to limit the spread of novel coronavirus are impacting revenue growth of the gantry crane market. Businesses are witnessing low revenue recognition, since major orders received from clients at shipyards and aerospace automotive companies have either been cancelled or postponed. Thus, crane providers are focusing on enhanced payment collection and credit control to keep economies running during the ongoing COV...