The Economic Dynamics Of SMBs After The Pandemic
                     The Economic Dynamics Of SMBs After The 
Pandemic
Jenny Knight
Writes for 
Small and Medium Business Corner & 
SMB Corner
Pandemic has brought sales and businesses on their knees. The changes are 
immense and forced the world to emerge into newer operations and 
opportunities. Small, medium, and even large businesses are all 
experiencing challenges. To explore the SMB (Small and Medium business) 
manufacturing of post covid & issues; you must foremost comprehend the 
extent of the damage.
A recent survey by a renowned insurance company reveals the exact 
picture of the loss by Covid. More than 40% of small-scale businesses are 
experiencing a significant impact. It not only affected the revenue 
generation but the workforce and overall performance. According to the US 
Chamber of Commerce, one in five businesses shut at some point in time 
during the pandemic (either partially or fully). The impact has been so 
extensive. Almost all business sectors have felt the brunt of this pandemic.
The impact has been such that several people were left unemployed due to 
loss of income and revenue generation. Whether it’s fitness centers, small 
eateries, spas, salons, or any other business, most of them faced difficulties 
continuing their operations. Such a situation emerged mainly due to the 
series of lockdowns and governmental restrictions taking place from time 
to time with the fear of the spread of the virus. Moreover, approximately 
80% of the companies brought significant changes to the business 
operations to survive or stay afloat. Another fact from the Wall Street 
Journal revealed that additional 200,000 businesses shut permanently after 
Covid -19. Here is a roundup on SMB manufacturing companies post the 
pandemic.
Work from home: Working from home became new normal as it was the 
most sensible option to control the spread of the virus. Even though many 
large and medium to large companies practice work from home culture, on 
and off (pre-pandemic), it is new to SMBs. The trend soon picked up in 
smaller manufacturing units making it more accessible for all the 
employees. Fact sheets reveal that by the end of the year 2025, more than 
75% of businesses shall embrace remote working. Many businesses like the 
hospitality industry, sales, and construction are still struggling to recover 
from the pandemic as remote working is not an option for all.
Audio and video conferencing: Top-notch and even small businesses are 
switching to free conference calls to improve the B2B and B2C 
relationships. Technology-driven meetings and conferences are opening 
positive avenues for the crashing business. Post pandemic and even during 
the pandemic, digitalization, and technological advancements are 
increasing productivity by resulting better and faster connections.
Third-party connection: When the SMBs were losing connections between 
the B2B and B2C; third-party services boomed. Restaurants started tying up 
with delivery agencies, and logistic companies that pitched in for 
deliverables, and supply chain became the future thing.
Digital marketing: From contactless payments to application-based banking 
are some recent developments taking control of the financial sectors. Social 
media will be playing a pivotal role in supporting and amplifying the market 
by increasing real-time consumers and potential business partners. Videos, 
Blogs, and simple phone texts are the next-generation marketing tools 
helping businesses expand their outreach.
In conclusion, one thing is for sure – digital boom and technological 
adaptation are the future business strategies!
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Thank you for time in reading this article!