In: Economics
how 3M ramped up its production of N95 masks. Many organizations are pitching in in this fight, including newspapers offering great coverage, retailers coping with new forms of demand-supply changes, and of course the great healthcare providers. GM plans to make 30,000 ventilators. Reflect on 3M's response, including how it had developed 'surge capacity' well before this contagion. Will this be a new normal going forward?
The company 3M is a manufacturer of industrial, safety and consumer products goods of American. It has been started the production of N95 Mask in recent times. The reasons are listed below:
· The production of mask increased due to the speculation of demand. Also they have forecasted this earlier.
· After the prediction they have started increasing the inventory of N95
· They properly estimated that with the enhancement of the massive demand of mask they are going to earn profit by exporting it.
· Face mask is going to be the main equipment to protect the pandemic caused by COVID 19
· The mask is important for both the medical worker as well as the nonmedical worker in this situation. The make this on their mind.
· Along with all the medical instruments like ventilators and other the face mask will going to be essentials for all.
· Also the newspapers and other social media has help the company 3M to advertise of the product by alerting everyone for COVID 19