5 Ways In Which SMEs Can Unlock Growth In A Post-Covid World
November 22th, 2021 – Small businesses have been scrambling over the past 18 months to adjust to a fast-changing landscape transformed by a once-in-a-lifetime crisis. We have already seen how the fallout from Covid-19 has dramatically accelerated trends through the past year that were already in play; from digitization and remote working to a rising focus on sustainability.
Beyond these shifts, other significant trends have emerged as a result of the pandemic that small-and-medium-sized enterprises (SMEs) can capitalize on to emerge stronger from the crisis, and position themselves for long-term growth.
Indeed, many of Asia Pacific’s notable small companies and start-ups, such as those featured in the inaugural Forbes Asia 100 to Watch list, have been quick to recognize and take advantage of these changes to fuel growth. We examine the top five trends that will be game changers for SMEs operating in the post-Covid new normal.
1. The Shift To Cross-Border E-commerce Will Flourish
In 2020, SMEs in Asia Pacific reported reduced demand and difficulties in connecting with potential buyers. In response, many businesses have rushed to move their sales channels online to reach fresh prospects beyond their shores. According to Forrester, Asia Pacific is leading the boom in cross-border e-commerce, which is set to grow at an exponential rate.
Written by Forbes
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