SMEs in APAC were least fazed by the pandemic, finds SAP

September 14th, 2020 – Small and midsize enterprises (SMEs) in the Asia Pacific (APAC) region are in a unique position to adapt to the changing workplace this year.

At least, that was what was uncovered in a new Oxford Economics study commissioned by SAP exploring SME readiness for a ‘new economy’.

Among the 832 APAC respondents of a total 2,000 from Australia, China, India, Japan, New Zealand, Philippines, Singapore, and South Korea, more than two-thirds (77%) of APAC said they had successfully adjusted to remote working arrangements during the pandemic, taking the edge on European (75%) and North/South American (71%) counterparts.

APAC businesses adjusted well to the technical challenges of switching to remote work. Nearly three-quarters (73%) invested in IT and collaboration tools to support staff who were working from home, including providing adequate training so employees could pick up the necessary skills to operate remotely; 68% responded in developing new channels to distribute products and services during that time.

Many regional businesses pivoted to e-commerce for the first time, and many also looked into establishing supply chain alternatives when traditional routes and supply chain mechanisms were interrupted– 68% of companies in APAC explored new ways to fulfill their supply chain needs.

More…https://techwireasia.com/2020/09/smes-in-apac-were-least-fazed-by-the-pandemic-finds-sap/

Written by TechWire Asia
Photo: Tiscali Notizie

Related Post

thumbnail
hover

Micro and small businesses can act...

In an international context where conflicts have reached their highest level since the Second World War, what role can micro, small, and med...

thumbnail
hover

Celebrating Women Entrepreneurs: Key Insights from...

According to the GEM 2024/2025 Global Report entitled Entrepreneurship Reality Check, far too many women entrepreneurs are still seen by nat...

thumbnail
hover

SME Digitalisation to manage shocks and...

Although uptake of digital practices by SMEs continues to increase, so too has the “digital gap” with larger firms. Understanding the dr...

CLOSE
CLOSE