Budgets, reports and, why not, good resolutions. Between December and January, no one is exempt from these practices: not even companies.
If you surf the web and listen to music on stream, you know the most famous financial statements is Spotify’s: its Wrapped recaps through data how you have used the platform during the year that is about to end.
“To wrap” means to envelop: that is what the paints applied by our painting booths do with uniformity and precision. That’s why we feel such a kinship with the concept of year-end reporting.
It’s a fleeting association, but we told you: no company gives up on reporting!
2022: beyond the standard approach
If 2021 was a difficult year for all businesses, 2022 didn’t exactly let us breathe. In addition to the market distortions caused by the pandemic, there were also those caused by a geopolitical situation that – among other things – forced us to rethink the way we work.
From the procurement and cost of raw materials, to the importance of retaining not only customers, but also employees: the standard approach of companies was challenged.
Rather than an end-of-year balance report, therefore, here is a look at how the company vision is changing in view of the coming years. Our 2023 opens with a renewed social awareness and the confidence that we are on the right path to a better economy.
Eurotherm focuses on production and human capital
Within this complex scenario, we found ourselves three options:
- Outsource part of our production to other countries, at lower costs (and quality);
- Increase the prices of our products:
- Continue to believe in our in-house production without adjusting costs.
In fact, we could also have opted for a fourth option: to feel sorry for ourselves… but that is not in our nature!
In a market that kept changing at the speed of light, between sudden accelerations and abrupt braking, our desire was to remain competitive, without aggravating general inflation, without reducing the quality of our products, and while continuing to believe in Made in Italy.
“We therefore decided to continue to do what we know how to do best: invest in improving the company by focusing on machinery and human capital,” says Paolo Ghiazza, “to continue to best serve customers before, during and after the sale. We could certainly have invented alternative solutions, reduced the company, increased prices or reduce costs by outsourcing certain phases, but we preferred to go in the opposite direction, continuing to invest“.
The combination of efficiency and quality
The year 2022 gave Eurotherm the impetus for an even deeper reorganisation of workflows, with a view to efficiency and quality.
We have thus invested in new junior staff, resumed our participation in trade fairs (which had been interrupted in previous years due to known reasons), expanded the service branch, directed our experimentation towards low-energy-cost painting systems, purchased two new bending machines and other cutting-edge Italian, German, French and Belgian machinery, contributing, in our own small way, to circulating the economy exactly where we operate: in Europe.
No balance reports, then, but the satisfaction of having clear goals, ideas and tools. Our “wrapped” is the ever-increasing number of products treated and painted in Eurotherm booths, by old and new customers who can still count on a service of the highest quality and… at the right cost.