Page 37 - Green Builder May-June 2020 Issue
P. 37

“A Fair Amount of Bounce-Back”




                   Qianyan Cheng,                                   protection once applied to   with market demand, especially in the affluent
                   Co-Founder/Vice                                  any commercial or residential   market.
                                                                    hardware.
                   President of Product                                                      GB: How do you think the coronavirus will
                                                                    GB: How impacted do you   change the homebuilding sector in the long
                   Development, INOX,
                                                                    think your company will be   term (61+ days)?
                   Sacramento, CA                                   if the coronavirus leads to a   QC:  With millions  working from home,  we
                   GB: How is the coronavirus                       recession?               anticipate the door and hardware industry will
                   affecting your company?                          QC:  Although  we  anticipate   see an increased demand for pocket doors or
                   QC:  The modern-day supply                       that the hospitality industry   sliding doors to section off areas of the home
                   chain makes it hard to keep                      will be slow to recover, INOX   and create more private office space.
                   such an impact to only certain                   is also seeing new business   GB: How do you think coronavirus will
                   businesses, so coronavirus                       opportunities in healthcare   impact consumer behavior in the short term
                   has affected INOX as well as our customers   and other institutional construction projects.   (30-60 days)?
                   and vendors primarily through loss of sales   Hospitals, healthcare facilities and schools are   QC: Right now, consumer purchases are trending
                   revenue. Fortunately, INOX was able to remain   accelerating construction projects to renovate   heavily towards products that will create a
                   fully operational as an essential manufacturing   facilities and incorporate more sanitation and   healthy home environment, so door hardware
                   business. We quickly implemented new product   safety measures.           with antimicrobial protection or touchless
                   offerings and marketing campaigns in order to
                   meet new market demands and create new
                   business opportunities.
                   GB: Did you expect this type of impact?
                   QC: We knew the impact would be inevitable
                   and serious, which pushed us to act quickly.
                   We stayed informed about what was happening
                   overseas, discussed changes to our daily
                   operations and planned new product strategies
                   early on which set us up to be more successful.
                   GB: What is your company doing to address                                                                    CREDIT: COURTESY OF INOX
                   the challenges caused by COVID-19?
                   QC: INOX implemented several measures
                   to ensure employees’ safety. We sourced   Higher priority. In response to COVID-19, INOX developed MicroArmor, an antimicrobial powder that
                   masks and gloves for our production and   provides constant surface decontamination compared to less-reliable, periodic cleaning products.
                   warehouse employees, and supplied webcams
                   and headsets for our office staff in order   GB: What are your customers doing   controls are more attractive than before.
                   for them to successfully work from home.   differently?                   GB: How do you think coronavirus will
                   Company leadership held daily meetings with   QC: Our retail customers are shifting their focus   impact consumer behavior in the long term
                   each individual employee to check on their   to establish a strong online presence, including   (61+ days)?
                   health and provide support, and our customer   updating their online stores and increasing social   QC: Research is showing that consumers will
                   service team executed a “smile and dial” with   media posting and engagement. Our clients in   continue to prioritize products that increase
                   our customers. We have donated medical   new construction as well as OEM have seen a   health and wellness and will incorporate these
                   masks to distributors and clients who live in   large shift from using traditional swing doors to   into their daily routine well into the future, so
                   critical areas and may be in need of additional   more space-efficient sliding doors, especially in   research and development, and innovation, will
                   protection.                          the healthcare industry.             need to shift to meet this demand. It will also
                     We also quickly shifted our research and   GB: How do you think the coronavirus will   be important for manufacturers to maintain
                   development focus to products that can   change the homebuilding sector in the   a strong online presence, as there may be a
                   help lessen the spread of harmful bacteria to   short term (30-60 days)?  lasting effect of the tremendous growth in
                   make them immediately available to hospitals   QC: Overall,  we  estimate  that shelter-in-  online purchasing and spending.
                   and healthcare facilities. We developed INOX   place orders may negatively impact current
                   MicroArmor™, a powder coating infused with   homebuilding and home renovations, but there
                   antimicrobial technology that offers 24/7   should still be a fair amount of bounce back

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