The report, “Asean MSMEs in a Covid-19 World,” underlines the best insights culled from the recent series of talks conducted by the Economic Research Institute for Asean and East Asia (ERIA) on how MSMEs can navigate the pitfalls of the pandemic. “MSMEs need to be ready and able to compete in the (often global) digital marketplace. But the borderless world of e-commerce platforms also means greater competition, so MSMEs need to find their niche to be successful. However, women entrepreneurs have been severely hit by the pandemic and the subsequent economic crisis is jeopardizing their progress. “MSMEs need to think holistically and in a multi-dimensional way when developing sustainability practices-environmental, human, social, and economic sustainability,” it added.

Source: Manila Times December 27, 2020 16:07 UTC