Sri Lankan Companies that transformed during the COVID-19 Pandemic
From small startups to large corporations, no economy or business has been spared during the global coronavirus pandemic. Here you will find companies that were quick to adopt and overcome the challenge.
The worldwide crisis has nearly shut down entire industries, forcing companies to adapt/ evolve, so here’s a look at some of Sri Lanka’s top companies that re-thought their business module and quickly adapted to succeed, even during the COVID-19 pandemic.
- Unilever – After decades of retail-based distribution, Unilever developed and launched their own online store ustore.lk enabling online purchases and door-to-door delivery of Unilever products.
- Standard Chartered Sri Lanka / MAS – Provided US$ 11 million credit from a concessionary Covid-19 facility for Colombo-based MAS Intimates to produce masks for the US in the fight against Coronavirus.
- Star (a Komar Company) – Komar is a global leader in the design, sourcing, manufacturing and distribution of apparel. With several manufacturing plants in Sri Lanka, leading the sustainable-green movement for the apparel industry in Sri Lanka welcomed volunteer staff who aided in the production of thousands of surgical masks, PPE kits, and other safety gear for donation to Sri Lanka’s hospitals and safety centres.
- Hotels for Quarantine – Four  luxury hotels – the newly built Sheraton Hotel in Kosgoda, the 154 room Club Hotel Dolphin in Negombo, the 150-room Citrus Hotel in Waskaduwa, and the 81-room Trinco Blue by Cinnamon in Trincomalee – were offered as quarantine centres to the Sri Lankan government and medical authorities to aid in curbing the spread of COVID-19.
- Pick Me – PickMe teamed up with Sathosa and Laugfs Gas to deliver groceries right to consumers doorsteps even during curfew hours and the two organisations have provided efficient and hassle-free delivery of groceries, dry rations and daily necessities.
- Eat Me Global – a Singapore-based mobile app founded by Sri Lankan entrepreneur, Jude Kumar, was launched with the objective of helping restaurants reduce food wastage by allowing users to explore food by dish and get time-based dish discounts.
Having launched a few months prior to the COVID-19 lockdown, the app was working successfully but then quickly evolved their business model to also provide safe, secure and quality grocery, self-care and home care products for users stuck at home.
- CIMA Sri Lanka – The Chartered Institute of Management Accountants is the world’s largest professional body of management accountants, with the most practical accounting qualification for a career in business.Prior to the COVID-19 pandemic and lockdown in Sri Lanka, the professional body would conduct several workshops and training & development programmes for members and 3rd parties. However, with coronavirus fears and the ensuing lockdown, CIMA Sri Lanka was quick to respond with continued coaching and teaching with up-to-date, relevant programmes via zoom and social media. CIMA Sri Lanka has managed to conduct and positively impact a larger audience with their T&D sessions.
COVID 19 has given a tremendous opportunity to re-think their business operations and thrive in a world that has transformed.