The Role of Technology in MSME Recovery Post-Pandemic

Ancoraa Resolution28 Feb, 2023Finance

The pandemic has had a significant impact on MSMEs Recovery, with many businesses facing financial distress, reduced cash flow, and job losses. According to a survey conducted by the International Labour Organization (ILO), 70% of MSMEs have reported a decrease in revenue and 43% have reported a decrease in employment. The pandemic has also highlighted the need for businesses to be agile and adapt to new ways of working, such as remote work and digital operations.