SME World - May 2020

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SME WORLD May 2020 Issue

Demand for Risk Management Services Growing in India

Collecting payment from businesses for services offered or products sold is an essential part of maintaining consistent cash flow important for the overall success of the company.

6 mins

Easing Liquidity for MSMEs to Tide Over the Crisis

Economists and business experts are debating whether India can afford to go for a long haul lockdown of the Industries, especially when the MSMEs are considered to be backbone of Indian economy and second largest employment provider. According to Barclays the estimated cost of Covid19 lock down is about $5.7 Billion per day for India which will work out around 228 Billion US $ for the first 40 days which will increase on an exponential manner eventually. The commercial Banks are saddled with huge sum of Money which rarely reaches the deserving MSMEs due to the mismatch factors like collateral and creditworthiness issues between the lender and borrower.

10 mins

Servotec Develops UV Lamp to Kill Viruses

With 'Technology to the Masses' as his vision, Raman Bhatia set about his Journey in the 90s to 'bring a change In the world'. "Technology should not be a luxury and it must be available to a common man", says Bhatia. With this as his mission, he founded Servotech Power Systems 'with the idea of bringing in a reliable source of power backup in a country like India fitting power shortfall.'

3 mins

Bringing Kirana Store at Your Doorsteps

With large e-commerce businesses stumbling upon a hard bump as a result of lockdown, the entire burden of keeping citizens stocked up has come onto the reliable shoulders of the Kirana stores or neighbourhood grocers.

4 mins

COVID-19 - Indian Economy Suffers Supply - Demand Disruption

Surface of coronavirus in China in December 2019, and its spread in more than 200 countries in the subsequent period, led to severe global supply disruption. India is not spared from this global pandemic and consequent supply disruption. Many companies in automobiles, steel, pharmaceuticals, consumer durables and many other sectors are dependent on the supply of components and other intermediate goods from China. The other supply options for India are also closed due to spread of the virus throughout the globe, affecting the availability of goods and services to Indian consumers as well as the country's capability to export to other markets.

7 mins

Time to Find Some Solutions - Negative prices of Crude Oil A Warning Bell

USA oil prices turned negative for the first time on record after oil producers ran out of space to store the oversupply of crude oil left by the coronavirus crisis, triggering a historic market collapse. Prices below zero are the market's way of telling producers to stop pumping but, producers have continued to pump. The price of oil from the USA shale lands has been declining steadily in recent days following the biggest slump in oil demand for 25 years steps due to restrictions on travel to curb the spread of Covid-19. The fall accelerated amid rising fears that the global economy may be facing its deepest downswing since the last big crisis.

2 mins

10 Imperative Meeting to Boost Sales

No one wants to have more meetings than is necessary. Everyone wants to avoid meetings where there is no plan and no real outcome outside of checking the box that the meeting was held. In business, and especially in sales, meetings are necessary, some of them critical to success. As a sales leader here are 10 sales meetings vital to your success, the success of your team, success of your company.

5 mins

Opportunities for Product Management in FinTech Industry

One of the major misconceptions about Fintech is that it is slow pacing industry due to heavy regulations. However, the fastpaced nature of the market is what attracts numerous people to expand into diverse areas of the tech world. For Product Managers, this offers a chance to hone their skills in various areas, and makes Fintech an attractive career opportunity. To succeed in fintech industry, product manager requires a laser focus on particular subset of customers.

4 mins

How Bacteriophages and Feed Additives Are Transforming Poultry Sector

The global poultry market was valued at US$ 267,332.3 million in 2018, and is expected to exhibit a CAGR of 3.0% over the forecast period 2019-2027, In terms of revenue. Rapid growth In consumer demand for livestock products In emerging economies such as China and India, owing to rising poultry meat and egg production and consumption is expected to fuel growth of the global poultry market. On the other hand, the Indian poultry market, consisting of broilers and eggs was worth INR 1,750 Billion In 2018. The market is further projected to reach INR 4,340 Billion by 2024, growing at a CAGR of 16.2% during 2019-2024.

4 mins

Readiness Strategies for the Post-Pandemic Era

Starting as a global health emergency and than morphing into an economic one, COVID-19 pandemic has emerged as a real menace and threat to the human society. Scientists and doctors all over the world are collaborating to create a vaccine for this highly contagious virus but even by the most generous estimates, it could take up to 12 to 18 months. Given the urgency of the situation, we cannot just wait and watch as the economy falls apart; we have to come up with ways that can help us operate under semi-normal conditions.

5 mins

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SME World Magazine Description:

SME WORLD is India’s most authentic information and knowledge magazine dedicated to the SMEs sector. The magazine enjoys a large readership and is popular with entrepreneurs across sectors.
1st ever Indian magazine to penetrate Tier II, III cities & the rural belt.
Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
Official Magazine Partners for several national & international MSME events.