ECONOMIC RESILIENCE AND THE METAL INDUSTRY: A QUALITATIVE EXAMINATION OF DHAKA’S METAL BUSINESSES IN RESPONSE TO FLUCTUATING ECONOMIC CONDITIONS

Md Mehedi Hasan (), Meherun Nisa Nipa, Ahanaf Tahmid Abtahi and Saleh Ahmed Jalal Siam
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Md Mehedi Hasan: Independent Researcher
Meherun Nisa Nipa: Independent Researcher
Ahanaf Tahmid Abtahi: American International University of Bangladesh
Saleh Ahmed Jalal Siam: American International University of Bangladesh

Materials & Corrosion Engineering Management (MACEM), 2023, vol. 4, issue 1, 05-11

Abstract: This study delves into the intricate interplay between the economic environment and Metal Industry’s profitability and growth. Metal Industry, a prominent steel manufacturing company, operates in a complex global landscape, necessitating a comprehensive understanding of economic factors that influence its trajectory. Through qualitative research methods, including interviews and document analysis, key personnel’s perspectives within the company were garnered. The economic environment’s role in shaping profitability and growth was scrutinized, uncovering critical insights. The study reveals that economic variables, encompassing inflation, interest rates, and exchange rates, exert a significant impact on production costs, demand dynamics, and pricing strategies. The company’s adaptive measures, as illuminated in response to economic trends and events, underscore its resilience and strategic agility. Challenges posed by factors like increased competition, raw material costs, and trade policy shifts were identified, alongside opportunities such as market expansion and sustainability initiatives. Ethical practices were highlighted as integral to the company’s approach, manifesting through sustainable production, regulatory compliance, stakeholder engagement, and responsible sourcing. The study’s findings provide a multi-dimensional perspective on how Metal Industry navigates economic complexities, proactively responds to challenges, and ethically positions itself for sustainable profitability and growth. The insights garnered contribute to a nuanced comprehension of the dynamic relationship between businesses and the economic landscape.

Keywords: Metal Industry; economic environment; profitability; growth; steel manufacturing; qualitative research; interviews; document analysis; inflation; interest rates; exchange rates; adaptive strategies; challenges; opportunities; ethical practices; sustainability; stakeholder engagement; global market trends; diversification; innovation; strategic partnerships; regulatory compliance; responsible sourcing; competitive landscape. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:zib:zmacem:v:4:y:2023:i:1:p:05-11

DOI: 10.26480/macem.01.2023.05.11

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