Abstract
The impacts of the covid-19 pandemic on smes in asia and their digitalisation responses
Aim: The current paper looks into how Asian SMEs responded to digitalisation and the COVID-19 epidemic.
Method: The following research utilised a primary quantitative methodology to collect important data from a survey of 100 respondents who were both managers or staff members of SMEs.
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The eruption of the coronavirus pandemic occurred in 2019 that has majorly affected the economies nationally and globally (Allam, Dey, and Jones, 2020). It has strictly impacted various organisations as they faced varying amounts of losses in the process (Sonobe et al., 2021). In addition, it is recognised that enterprises are facing numerous dilemmas which involve a decline in the consumer demand levels as well as other businesses, which is causing disturbances in the supply chain, the cancellation of the export orders, lack of raw materials utilised in the production and interruptions in transportation.
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Adam, N.A. and Alarifi, G., 2021. Innovation practices for the survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support. Journal of innovation and entrepreneurship, 10(1), pp.1-22.
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Arshed, N., Ludwig, J., Benson, S. and Avill, R.R., 2021. Understanding the Effects of COVID-19 on SMEs in the UK: Examples of Promising Practices.
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