{"id":1893,"date":"2020-12-14T12:20:41","date_gmt":"2020-12-14T12:20:41","guid":{"rendered":"https:\/\/mcb.ae\/mineral-circles-bearings-shares-positive-market-foresight-for-aftermarket-industry-post-covid-19\/"},"modified":"2021-08-02T12:50:40","modified_gmt":"2021-08-02T12:50:40","slug":"mineral-circles-bearings-shares-positive-market","status":"publish","type":"post","link":"https:\/\/mcb.ae\/ar\/mineral-circles-bearings-shares-positive-market\/","title":{"rendered":"Mineral Circles Bearings shares positive market foresight for aftermarket industry post-COVID-19"},"content":{"rendered":"

About Mineral Circles Bearings<\/strong><\/p>\n

Mineral Circles Bearings (MCB)<\/a> has acquired distributorship of quality bearings, grease, chains, cv joints, universal joint, tools, and oil seals from leading brands (SKF, NTN, SNR, MBS, ILJIN, KBC, Musashi, Sedis) for the Middle East and African region since 1984. Located in Dubai, UAE and with branches throughout MEA, MCB is known as one of the pioneering automotive bearings experts in the UAE with a strong market base in over 65 countries across the globe.<\/p>\n

COVID-19 has undeniably upended the global economy as it continues to batter businesses at scale. Five months into the pandemic, certain industries have accentuated their loss as the pandemic swiftly result in an unprecedented steepest downfall due to a massive decline in demand and stringent global restrictions. Recently, the United Nations has just announced that the global economy is expected to plunge by 5.2%<\/strong>\u00a0this year, making it one of the deepest recessions faced since World War II.<\/p>\n

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Economic conditions will cease to recover from its losses if restrictions will remain in place without supplementing business practices or guidelines that will secure the safety of the consumers and businesses on a large scale. As most industries find new ways to adapt to what\u2019s perceived to be the \u201cnew normal<\/strong>\u201d, entrepreneurs express their budding optimism over the expected economic growth in the next few months.<\/p>\n

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Indubitably, it\u2019s been a challenging period for the aftermarket industry to cope with the decline in market demand given the consumer\u2019s immobility the past months.\u00a0However, for Mineral Circles Bearings, as one of the leading industry leaders and pacesetters in the aftermarket industry, it’s extending its best efforts to zoom in on the opportunities that could substantially benefit the industry.<\/p>\n

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\u201cReduced in demand for car or truck repair, parts replacement, maintenance checks, and coupled by the sudden supply chain abruption has somehow taken its toll in the aftermarket and import\/export industries\u201d<\/em><\/strong>\u00a0Hassanein Alwan, Mineral Circles\u2019 Managing Director mentioned when asked how global restrictions stirred the whole business value chain.<\/p>\n

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\u201cNow restrictions are slowly abating and business transformation is becoming more imperative, the market is set to bud much sooner than expected. This is the perfect time for organizations to recalibrate their operations and veer away from mature market practices,\u201d<\/em><\/strong>\u00a0he optimistically added when asked about what to expect from the \u201cnew normal\u201d for businesses worldwide.<\/p>\n

Alwan cited certain accurate instances and opportunities how can companies re-align their priorities to qualify as quintessential partners to hedge further possible business fallouts:<\/p>\n

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