Written by – Siyathma at OmeBiz
Every Sri Lankan knows that when April comes around, you need to get ready for the sweltering and sweat-dripping weather. As unproductive and lethargic as everyone gets, many businesses have understood what the consumer demands for with the change in weather patterns. Even the roadside merchants selling ‘Thambili’, ice cream and portable electronic fans are making gains from this warm weather. However, at the same time there are a few businesses who end up making losses during this time of the year.
The ray of hope that comes with the sunshine
Air Conditioners and Refrigerators
This is of course a no brainer! All air conditioning and refrigeration companies tend to get more business than usual during this season. Everyone tends to stay indoors and blast their air conditioners, whether this be at their own homes or even at offices.
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The hotter the weather gets, the harder your refrigerator has to work in order to cool your food and keep it fresh. This means that there is more of a chance that your refrigerator will most likely breakdown, unless it is fairly new and of good quality. This would only lead to more sales for companies that sell refrigerators.
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Solar Power Generation companies would be doing better at this time of the year due to longer days, this means that more sunlight can be converted into electricity by a chemical reaction.
However, depending on the solar panels used, hotter temperatures which are beyond its optimal range could actually make the cells inefficient, reducing output. Solar panels tend to perform better on a bright and cool day.
Food and Beverages
The hotter the weather gets, the more dehydrated everyone get. Everyone would want to cool off with a refreshing iced drink or some delicious ice cream. This would all translate to profits for companies such as Cargills and Elephant House
This is the best time period for the tourism industry, as hotels boom with sales.
Sri Lanka is known to be a year-round holiday destination. Depending on the two monsoon seasons, you would have to select on which parts of the island are the best to visit. During this time of the year, the best places to visit would be in the East Coast, which would mean places such as Trincomalee where you could go whale watching from the month of May onwards, Batticaloa and Arugam Bay for all the tourists who want to surf in Sri Lanka.
Moreover, this is the best time to visit Hill Country to beat the heat. Some great hotels in Nuwaraeliya would be Heritance Tea Factory and The Grand Hotel, to name a few. Other attractions would be the scenic and beautiful Lake Gregory, Devon Falls and any golf enthusiast would love visiting the 18-hole Golf Course, the Nuwara Eliya Golf Club.
Tourism is one of the vital sources of foreign income earners for Sri Lanka. Hence, when hotels do well, this means that the economy will also take a turn for the better.
Businesses that are drying out with the heat
If the warm weather takes a turn for the worse,this would mean that it could lead to a drought. Which would negatively impact the agricultural sector of the Sri Lankan economy, it being one of the major sectors in our economy and one of the main commodities that Sri Lanka exports would drastically affect us financially. Moreover, it could lead to food shortages in the country as well. This would cause a drastic effect on the people of the country. As there would be food shortages and it would affect us financially as well.
This was specially the case in the early months of 2017, where Sri Lanka was faced with extreme drought conditions. Farmers were affected as they were unable to cultivate their harvests and there were water shortages throughout the island.
As the weather gets warmer, people tend to use more cooling devices which would lead to excess consumption of power. This would eventually lead to shortages and power cuts in order to converse power.
Furthermore, this tends to be a tough time for renewable energy as there are shortages of water in extreme weather conditions. Hydroelectric powerplants such as Laxapana and Norton would find it quite difficult to convert kinetic water into hydropower causing there to be less amounts of power produced.
As Sri Lanka is a sunny little island, businesses are mostly prepared to take advantage of the warm climate and make it into a profit. However, there are certain cases where we should be more prepared for.