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Others have struggled to follow suit. In order to ensure SMEs are not left behind, and in the search to ‘build back better’ - policy and regulation must boost emergency response and recovery, and look towards long-term sustainable change based on digitalisation, SME resilience, and new business models and entrepreneurial ecosystems.
Small and Medium Sized Enterprises (SMEs), start-ups, and entrepreneurs have been hit hard by the Covid-19 pandemic. Digital readiness and the ability to adapt through digital tool uptake has represented a lifeline for some – shifting their business models through resilience and innovation.
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