CASS report: 40% of SMEs have closed down in the financial crisis

Abstract 11, in "2009" UPS Asia Business Monitor "," released at the meeting, Chinese Academy of Social Sciences, director of Nai wake SME Research Center said the Chinese Academy of Social Sciences under way on "SMEs in the financial ...

On the 11th, at the "2009 UPS Asia Business Monitor" announcement, Chen Naihua, director of the SME Research Center of the Chinese Academy of Social Sciences, said that the Chinese Academy of Social Sciences is carrying out a "small and medium-sized enterprise in the recovery of the financial crisis." According to the survey, 40% of SMEs have closed down in the financial crisis, 40% of enterprises are currently on the line of life and death, and only 20% of enterprises have not been affected by the financial crisis. "The proportion of closures in coastal areas is greater than that of inland areas, while the proportion of closures in the central and western regions is the smallest." Chen Naiwei said.
On the 11th, Huang Yimin, vice president of UPS China's supply chain business operations, said that UPS has specifically surveyed 1,200 global SMEs, including 150 SMEs in China. According to the survey, in response to the challenging economic environment, 64% of SMEs in China plan to diversify their income or open up new sources of income, 59% of SMEs will reduce costs, and 55% of SMEs will tighten cash. Flow management.
“In the face of the financial crisis, these three methods are the most commonly used by SMEs.”
At the same time, the research report shows that Chinese SMEs are also beginning to pay attention to the efficiency of their own supply chain. 93% of SMEs in China regard supply chain efficiency as a necessary condition for their commercial success. Among them, 25% of the respondents believe that the supply chain can help reduce costs, 23% of the respondents believe that the supply chain can help ensure quality, and 18% of the respondents believe that the supply chain can help predict demand.
The supply chain is built around the core enterprise. Through the control of information flow, logistics and capital flow, the intermediate products and final products are made from the procurement of raw materials, and finally the products are sent to the consumers by the sales network. It is a functional network chain model that connects suppliers, manufacturers, distributors, retailers, and end users into one.

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