India: FarmERP on the Effect of Coronavirus on AgTech Companies

The social situation as of date is an extremely sensitive one, reports Krishi Jagran. Indian businesses are bleeding, losses being incurred in every industry, and various people will never be able to see life the same way again. The COVID-19 pandemic has disturbed the entire flow of the agricultural supply chain all over the world. An organized supply chain was established, where the produce used to move from the farmers’ fields to the mandis, then to the retailers, and finally to the households. The farmers and laborers are unable to do their fieldwork in light of the lockdown and being afraid for their family and their safety as well.

Along with this, due to the labor shortage being a problem, crops that are ready for harvesting cannot be taken out of the fields for post-processing. This results in losses incurred not only due to wastage of produce, but additional costs are stacked up to discard the crops which are not suitable for consumption.

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In today’s scenario, ag-tech and ag-mech companies are doing everything to make the best out of this situation. Work from home is not too tough of a situation to adapt into for companies like ours, and it is something that FarmERP voluntarily took up before the lockdown was enforced. Technology-based companies will not be affected long-term, but a short-term hit is something we will feel, as there would be less business coming in and less demand for our services in the next few months. In some ways, we can help a lot more people using techniques like satellite imagery assisting individuals to find specifications of crops (e.g., how much, where), and proceed to help them track it while getting it to the people who require it.

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