Plenary Session 1. Strengthening SMEs and entrepreneurs’ resilience to future crises and shocks
Jun 27, 2023 | 2:30 PM - 4:00 PMDay 1 Plenary session 1 CC1
Jun 27, 2023 | 2:30 PM - 4:00 PM
Day 1 Plenary session 1 CC1
Description
SMEs and entrepreneurs have suffered from the COVID-19 crisis and fallout from Russia’s aggression against Ukraine. They were disproportionately affected by liquidity shortages and supply chain disruptions, with some groups, such as women, youth, and the self-employed, particularly vulnerable. In this adverse environment, governments have stepped up and provided unprecedented support. However, supply chain disruptions, energy and food price volatility, and inflationary pressures remain. Building the resilience of SMEs and entrepreneurs to address the challenges of tomorrow is critical. Policies may need to evolve to support viable SMEs without compromising new entries, shift from blanket to targeted approaches, and aid small businesses transition to energy efficiency and adapt to an increasingly digital world.
