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Challenges for Pakistani MSMEs Post-COVID

The document discusses emerging issues for Pakistani businesses post-COVID-19, including decreased demand, supply chain disruptions, canceled export orders, and raw material and transportation disruptions. Micro, small, and medium enterprises have been particularly impacted due to limited financial and managerial resources. Labor issues are also discussed, with hundreds of factory workers laid off. Data protection and cybersecurity risks are mentioned as businesses increasingly rely on third parties and hold more personal data, risking disruptions and data breaches if risks are not properly managed. The response then analyzes challenges a proposed car service business may face, such as difficulties in employee commutes affecting production/service, sales declines, liquidity issues, and challenges in recruiting and rising labor

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Maherban Haider
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78 views2 pages

Challenges for Pakistani MSMEs Post-COVID

The document discusses emerging issues for Pakistani businesses post-COVID-19, including decreased demand, supply chain disruptions, canceled export orders, and raw material and transportation disruptions. Micro, small, and medium enterprises have been particularly impacted due to limited financial and managerial resources. Labor issues are also discussed, with hundreds of factory workers laid off. Data protection and cybersecurity risks are mentioned as businesses increasingly rely on third parties and hold more personal data, risking disruptions and data breaches if risks are not properly managed. The response then analyzes challenges a proposed car service business may face, such as difficulties in employee commutes affecting production/service, sales declines, liquidity issues, and challenges in recruiting and rising labor

Uploaded by

Maherban Haider
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CONTEMPORARY ISSUES IN BUSINESS

ASSIGNMENT NO: 2
SUBMITTED BY: MAHERBAH HAIDER
ENROLLMENT NO: 01-220182-010
SUBMITTED TO: QAZI AHMED

Qs.1 What have been the emerging issues for Pakistani Businesses Post Covid-19. How do
you analyze the external & internal challenges that your proposed business venture would
be experiencing?

Emerging issues for Pakistani Businesses Post Covid-19:

The outbreak of corona virus disease-20191 (COVID-19) has severely affected national and global
economies. Various enterprises are facing different issues with a certain degree of losses. Particularly,
enterprises in Pakistan are facing a variety of problems such as a decrease in demand, supply chain
disruptions, cancelation of export orders, raw material shortage, and transportation disruptions, among
others. Nevertheless, it is quite clear that enterprises around the globe are experiencing the significant
impact of COVID-19 outbreak on their businesses. We argue that major victims of COVID-19 outbreak
are the micro, small & medium-sized enterprises (MSMEs) because MSMEs, in comparison to large
enterprises, usually do not possess sufficient resources, especially financial and managerial, and are not
prepared for such disruptions likely to go longer than expected. Additionally, these firms are highly
dependent on their routine business transactions and a small number of customers. Hence, many MSMEs
are running out of stock, some hardly continue to operate, and some will be running out of stock soon.
MSMEs are the backbone of many economies worldwide that provide income and employment
generation to a large number of people around the globe. Similarly, in the case of Pakistan, MSMEs are
crucial for the economy as they constitute over 90% of the estimated 3.2 million business enterprises and
contribute 40% to the GDP with over 40% to export earnings. These businesses are spread all over
Pakistan in rural and urban areas and represent a significant portion of agriculture, manufacturing, retail,
wholesale, trade, and service sectors. Due to the COVID-19 outbreak and lockdowns, Pakistani firms are
facing unprecedented adverse effects on their businesses.
Labor and employment:
Hundreds of charged laborers, including women, gathered outside a garment factory in the eastern district
of Pakistan's commercial capital Karachi to protest against their forced layoff only a week before the
International Labor Day.

They, in fact, came to receive their salaries but they were verbally informed that the factory no longer
required their services due to the financial losses caused by a lingering lockdown imposed by the
government to curb the raging corona virus outbreak in the country.

A few kilometers away, another demonstration was held outside a famous textile company, which also
laid off hundreds of laborers citing the same reason.

DATA PROTECTION AND CYBERCRIME:

In the modern Web, service providers often rely heavily on third parties to run their services. For
example, they make use of ad networks to their services, externally hosted libraries to develop
features quickly, and analytics providers to gain insights into visitor behavior. For security and
privacy, website owners need to be aware of the content they provide their users. However, in
reality, they often do not know which third parties are embedded, for example, when these third
parties request additional content as it is common in real-time ad auctions. The impact of third-
party failures may lead to business disruptions, data breach, amongst others if not properly
managed. As organizations continue to hold more personal data, breaches are increasing in size
and cost. The volume, sophistication and the ever-involving nature of cyber-attacks in the recent
times, demands every organization to adopt innovative approaches to the management of cyber-
security risks; if they will stay relevant and agile.

External & internal challenges that my proposed business venture would be experiencing:

I would like to give answer of this by letting you know that what is my proposed business in the
future. So as my education is about to end and I am about to enter into a corporate life, so I have
decided to start car services to the peoples of Islamabad and skardu. So the main challenges that I
am looking for my business due to covid-19 are as follow..
(1) difficulties for employees to commute to work resulting in the inability to produce or serve
customers
(2) sales decline
(3) insufficient liquidity
(4) difficulty of recruiting new staff and rising labor costs.

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