The changing face of SMEs

The changing face of SMEs By Mithran Sri Ram Saturday 31st December 2022 The pandemic has disrupted many businesses around the world due to complete or partial lockdown and social distancing measures, which are essential measures to curtail the spread of the virus. Due to these measures, specific sectors/businesses that rely on social interaction like the sports industry, travel, tourism, hospitality, and manufacturing industries have experienced profound effects. Workplace closures affected the supply chain and led to reduced production. Income decline, layoffs, fear of contagion are some of the reasons which have led to reduced customer spending, which is further causing job losses and business closures. The lockdown that followed the outbreak of COVID‐19 brought the manufacturing units to a standstill. On speaking to Mr. Padmin Buch, Senior Advisor - Corporate Strategy, Projects and Intelectual Property Rights (IPR), one could get the real feel on how Covid ...