To assist MSMEs in adapting to supply chain disruptions caused by the COVID-19 pandemic, we offered insights on themes like demand shocks, the lean thinking approach, forecasting, and quality assurance, all of which may assist MSMEs in remaining relevant in today’s economic climate.
M.S. Ph.D., Principal Consultant and Coach, The Lyceum
Take your business online
We discussed how MSMEs may build up their digital brand presence to expand their business online, now that it is the ideal moment to leverage the benefits of the internet and establish an online business that stands out from the crowd.
Given that establishing a performance-driven workforce is critical for a business to be consistently successful and thrive, we shared ideas on effective workforce strategies that may provide a firm foundation for MSMEs, helping them boost innovation, maximise productivity, and reduce expenses.
With the pandemic threatening most businesses’ development and survival, we offered advice on how to cultivate a growth mindset to help businesses stabilize, secure, and thrive during these trying times.
We discussed the various financial products and new schemes (AROG & SHWAS) launched by SIDBI for MSMEs, to help them with the required financial support in the fight against the second wave of COVID-19.