The pandemic-driven Tlockdown compelling people to stay home has severally affected the demand side. There is seen not only contraction in the demand but also a substantial change in the demand composition. On the one hand, consumers have been compelled to indulge in panic buying and hoarding essential goods excessively due to persisting uncertainty on the horizon, on the other hand they have been made to postpone the purchases of nonessential items, creating an uneven distribution of demand amongst the different product categories. The changing composition is further straining the global supply chain by creating excessive artificial demand for essential products and buildup of unsold inventories for others.
Though no sector of the Indian economy has remained untouched by the lockdown, the worst affected sectors by the double whammy of supply and demand disruptions are Micro, Small and Medium Enterprises (MSMEs), aviation, tourism and hospitality, real estate and automobiles.
Emergence of New Business Models
Amidst supply and demand disruptions, for survival, new sustainable business models, strategies and practices are explored by business organizations though as of now they may appear less profitable.
Bu hikaye SME World dergisinin May 2020 sayısından alınmıştır.
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Bu hikaye SME World dergisinin May 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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Leveraged Technology
