COVID-19 Impact on the SME Sector of Bangladesh

    LightCastle Analytics Wing
    LightCastle Analytics Wing

    SMEs are the bloodline of Bangladesh’s economy creating employment for 7.8 million people directly and providing a livelihood for 31.2 million in total. The COVID-19 pandemic has affected all spheres of life and business but one of the hardest hit are the already vulnerable SMEs due to dependence on a short cash cycle, supply chain disruption, and loss of sales.

    To understand the current impact of the crisis on SMEs in detail, LightCastle Partners & Sheba.xyz collaborated on an independent study about the “COVID-19 Impact on the SMEs of Bangladesh”.

    The survey was conducted in late April with over 230 SME respondents from all over Bangladesh covering industries involving Trading & Production (48.4%) that includes Perishable & Grains, Poultry, Dairy, Fisheries, Jute Diversified Products, and Retail Store; and Service Industry (51.6%) that includes food catering, electrician services, laundry, beauty salon, MFS agent, and restaurants.

    To learn more about the Impact of Coronavirus on the SMEs of Bangladesh, Document download full report.

     

     

    LightCastle Analytics Wing

    LightCastle Analytics Wing is the research division of LightCastle Partners. It is tasked with producing periodic reports on the different sectors of the economy, analyzing trends in markets and making methodical, thorough and intelligent analysis to improve strategy and drive business growth.