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Small firms urged to use tech to tide over the slowdown

India city Mumbai covid-19 experts president crisis
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MUMBAI : Micro, small and medium enterprises will increasingly require to adopt technology to remain competitive in the post-covid world, industry experts, participating in Mint’s Pivot or Perish panel discussion, said.

While MSMEs are by and large struggling to strike a balance between financial obligations, and demand and supply constraints, experts said some hand-holding will help them choose the right technology and that can go a long way in managing the covid-19 crisis.

Kamal Kanth, regional vice president, Salesforce India, said the major issues for MSME clients include lack of payments from customers, and figuring out new revenue sources.Out of the 75 million MSMEs, only about 2 million have an online presence.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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