"How MSMEs can fix their supply chain challenges and accelerate recovery"
Logistics for MSMEs: The cascading effect of the pandemic on the supply chain and logistics industry globally has been turbulent for small businesses. The supply shock that began with Covid in February 2020 and the demand shock that followed due to the global economy shut down brought to the fore vulnerabilities in businesses’ production strategies and supply chains. As MSMEs gradually re-establish contemporary ways to meet their supply chain goals, digitization of the supply chain is among the most critical areas to address the vulnerabilities, according to experts at the MSME Business Conclave organized by Financial Express Online last week.
“Only around 5 percent of supply chain digitization is estimated currently which is very low for India,” said Neeraj Bansal, Co-Head and COO, India Global, KPMG who moderated a panel discussion on Bridging Supply Chain Gaps for MSMEs.