Needed:

1. Generation and Evaluation of Alternative solutions

2. Implementation of solutions

Information:

According to Dumlao-Abadilla (2020), a lot of companies struggled during the first year since the COVID-19 pandemic started. They have experienced crises when it comes to the economic and social aspects. The lockdown measures implemented required them to manage the emerging coronavirus (COVID-19) pandemic at San Miguel Corporation's (SMC) beer, oil, infrastructure, and energy industries, resulting in a 91 percent decline in first-quarter net profit to P1.09 billion. SMC's consolidated first-quarter revenues decreased by 15% to P214 billion, and cash flow as defined by earnings before interest, taxes, depreciation, and amortization (Ebitda) decreased by 34% to P27 billion. Year-over-year, both consolidated net sales and operating income decreased by 62 percent to P11.73 billion.

Every industry has encountered massive setbacks and new challenges since the public health emergency was declared. It becomes more challenging for SMC because they deal with perishable items and must meet certain timeframes. Congestion at ports and a lack of skilled workers throughout the entire supply chain are the results of the scenario. These hygiene problems have made the logistics industry even more oversaturated than it already was due to high demand, a lack of suppliers, a shortage of available ships, and frequent delays in ports and in transportation.

Furthermore, intense competition in the domestic market is one of the main problems that SMC faces. The company operates in several industries, and in each of them, there are many established players who also have strong market positions. Additionally, there is a growing number of new entrants in the market, which increases the level of competition. SMC has also been requested by the Department of Environment and Natural Resources (DENR). citing citizen objections, to halt operations at its coal-fired power plant in Bataan province.

Another problem that SMC faces is the fluctuation in raw material prices. The company relies heavily on raw materials for its operations, and any changes in its prices can have a significant impact on SMC's bottom line. Additionally, the company faces challenges related to currency fluctuations, which can also affect its operations.

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