Episode description

The International Trade Centre conducted a survey on Covid-19 impact among businesses in 136 countries and the survey has shown that 60% of micro and 57% of small businesses were strongly affected by the pandemic, compared with 43% of large firms.

One of the factors that contributed to surviving the crisis was the resilience of businesses. For example, during COVID-19, only 16% of resilient companies reported laying off employees, compared to 76% of companies with a lower index of resilience.

As SMEs account for about 90% of businesses and more than 50 of employment worldwide, their demise has disastrous social and economic consequences. What lessons can we capture from the COVID-19 response to ensure that MSMEs are resilient to the looming climate crisis, and are drivers of an inclusive transition towards more sustainable economies?

Listen to Raphaël Dard, Head of the SME Trade Academy of the International Trade Centre, as he shares important insights from his work at ITC, illustrating some of the recent SME Competitiveness Outlook 2021 findings: i.e. why women-led and youth-led businesses were the most impacted during the pandemic and what can we do about it. Hear about some lessons and resources that MSMEs can use to help build a more resilient and competitive business during the green recovery.

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