- SMEs hard hit by multiple international crises
- Focused business development programs are in high demand
- Taiwan Excellence gives international platform to brilliant companies and products who could not otherwise afford it
Taipei, 22. September 2022 – Covid-19, Inflation, Energy crisis. The global economy cannot catch a break right now. Among those hardest hit in the business world are SMEs. This is cause for concern since SMEs form the backbone of many national economies. In Germany, for example, about 2.6 million out of a total of roughly 3 million companies are SMEs. It is often these SMEs who are drivers of innovation. They also offer employment opportunities to a vast number of people.
International trade has taken a hit
As a side effect of the Covid-19 pandemic, the global economy came to a near standstill in 2020. 2021 proved to be just a hard on the economy, given this unprecedented global health crisis, which meant…