HORTI+ 05: Sri Lanka’s economic crisis an opportunity for change

Winston Churchill’s famous dictum, “Never let a good crisis go to waste,” could not be more apt for Sri Lanka in its current context. Many countries like India and Thailand implemented wide-ranging economic reforms after undergoing severe economic crises and came out much stronger. Sri Lanka still has a long way to go to come out of this crisis, but the gren shoots of recovery are beginning to appear. Shifting the country toward an export-oriented economy should now be the goal. Sri Lanka needs to go with the global trend in manufacturing, which is to be part of global supply chains.

And yet even an economic crisis can create new opportunites for growth and development. At the beginning of 2022, the situation in Sri Lanka was very uncertain and our local team was constantly adapting their work practices to ensure all our customer orders were being shipped out on time.

What’s been astonishing this year is we’ve produced more grow bags than ever. During the summer we even beat our daily production record, which is really impressive when you think about all the obstacles we were up against. It goes to show that if as a company you can stay flexible and adapt to whatever the current situation throws up it allows you to manage so-called crises and turn them into opportuities for growth.

Source: Talal Rafi – The Diplomat