Combating the Long-Term Economic Repercussions of COVID-19

PREVENTION, by plm Offering a New World of Safety & Trust in the UAE

Transforming people’s experience and accelerating adaptation to the new norms

The coronavirus (COVID-19) pandemic has dealt a severe blow to an already fragile global economy.  Although the full scope of the human and economic impact of the pandemic will not be known for some time, the toll in both respects will be high. Pre-existing macroeconomic vulnerabilities make emerging market and developing economies (EMDEs) susceptible to economic and financial stress and this may limit the capacity and effectiveness of policy support at a time it is needed most. Even with policy support, the economic repercussions of the coronavirus pandemic are expected to be long-lasting , as we find in our latest analysis, as mentioned in a recent report by the World Bank issued on June 8th, 2020.

By early April, nearly 150 countries had closed all schools and mandated cancellation of events, and more than 80 had closed all workplaces in order to control the spread of the virus. Travel restrictions were widespread. The mandatory lockdowns, together with spontaneous social distancing by consumers and producers, have wreaked havoc on global activity and trade, and have been accompanied by gyrations in financial markets and sharp declines in oil and industrial metals prices.

To combat those horrendous effects of the pandemic on the economy, transportation systems, educational and health institutions, PLM Middle East has announced the deployment of the first units of a solution (SIAS) Prevention, that will forever transform the customer experience a launch event that took place on Wednesday the 26th of August at Armani Hotel, Dubai. And, was attended by Pedro Rodrigues, Chief Executive Officer of PLM, Joaquim Moreira de Lemos, Ambassador of The Republic of Portugal in UAE, Pit Cheng, Consul Embassy of Singapore in UAE, , among others.

PLM is a world-class provider of leading-edge functional design and technological integrated solutions, trusted by well-known brands like Microsoft, Alibaba Group, Nestle, Lenovo, Canon, and Panasonic among many others is now expanding in the UAE & the ME, committing to develop and deploy exclusive and customized disruptive designs, to provide extra safe, smart and digital solutions to fight COVID-19 economic turmoil and support the UAE’s efforts in overcoming the pandemic’s damage to the economy by contactless , smart access control and sanitizer solutions.  

PLM Middle East, LLC is introducing “PREVENTION”, a line of innovative solutions that aim to welcome us to a trusting new world where social distancing and sanitizing are crucial. SIAS is one of those solutions: a smart integrated access system, that will allow a one-stop, touchless solution, for costumers and employers to check entrance, and clear safety procedures, like temperature and mask, while integrated with traceability and customer relations systems. 

Considering the importance of checking passers’ temperature, and their compliance in wearing protective equipment like masks, controlling number of people in order to ensure social distancing ,SIAS achieve smooth and smart monitoring, in addition to security features like face recognition, and the ability to integrate it with the main database of the user, which will reduce human interactions and increase dependence on touchless technologies, that will eventually lead to lower contamination, and infected cases in workplaces, mass transportation, malls and public areas. SIAS is also capable of using other user interfaces, like events’ access management, commercial, HR, catering, transport terminals, healthcare or education, according to customer needs.  

PLM is constantly improving the systems and plans to upgrade it at the local innovation hub, with distribution channels already open with Africa, Asia, and Europe. Products are being assembled and exported from the United Arab Emirates.  

PLM is a Global  Retail Specialist, fully integrated technology and production agency, with a presence in Portugal, Germany, Spain, Brazil, and China and, recently, launched PREVENTION  in the United Arab Emirates to bring together the best in the world of functional design thinking and technological design thinking, through integration. All this added by a huge experience of years of living and learning with demanding customers.

PLM was founded 43 years ago in Portugal and have chosen the United Arab Emirates to experience and innovate at the retail sector, by creating solutions with exquisite design to enhance business, found an innovation lab and start to disrupt the future of retail by creating and producing solution in UAE and exporting it worldwide. PLM’s solutions are creatively designed and scientifically founded on the in-house capacity for research and development, to eventually produce functional design, what allows us to think, design, create and deploy disruptive solutions for our costumers

PLM is a holder of the ISO 27001 certification the internationally recognized best practice framework for an Information Security Management System (ISMS).  PLM is also certified in NP 4457 an innovation European certification model supported by interfaces and interactions between scientific and technological knowledge”. 

According to the World bank report issued last June; deep recessions inflict lasting scars on potential output through lower investment and innovation; erosion of the human capital of the unemployed; and a retreat from global trade and supply linkages.  The long-term damage of COVID-19 will be particularly severe in economies that suffer financial crises and, in energy exporters, because of the collapse in oil prices. In the average EMDE, over a five-year horizon, a recession combined with a financial crisis could lower potential output by almost 8 percent while, in the average EMDE energy exporter, a recession combined with an oil price plunge could lower potential output by 11 percent.

The pandemic can also be expected to stifle productivity growth, which has been anemic during the past decade.  Past epidemics were associated with 6 percent lower labor productivity and 11 percent lower investment five years later in affected countries, unless we fight back with all solutions, and ways possible to combat its devastating effects on our economies and way of living.

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