South Korean-run Everpia JSC, which boasts the famous bedding and padding brand Everon, is feeling the impact of the virus pandemic due to postponements in raw material supply holding up its operations in Vietnam. Lee Jae Eun, 60-year-old CEO of Everpia JSC, said he is going more grey by the day thinking about solutions for the situation. “Compared to travel and hospitality, COVID-19 has had a more limited impact on our business. However, the outbreak has certainly delayed our raw material procurement schedule from suppliers abroad,” he told VIR. “We have managed to mitigate the procurement issue early on thanks to our management team’s efforts and the support of our trusted suppliers. We continue to develop preventive measures to possible risks in the future, including seeking alternative material sources, and assessing possible scenarios in regards to financial stress on the company.” Everpia now operates three factories in Vietnam. Its distribution system in the country has expanded continuously from 154 agents in 2008 to around 400 now. While the South Korean investor has expanded its business in Vietnam in the last year by opening a new business of curtains and blinds to meet the local demand for high-quality and affordable products,… Read full this story
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