A guide to post-lockdown business resilience for SMEs
Almost all UK SMEs will have felt the impact of the Covid-19 pandemic and resulting economic slowdown to some degree. There are clear signs of an increasing impetus to ‘build back better’, with many companies taking time to re-evaluate and reposition their purpose and values.
Read our guide, which highlights some of the key issues and questions for SMEs to consider to help them build business resilience.
Looking to the future
Recent times have brought unprecedented disruption to SMEs’ and their strategic plans. It has been hugely encouraging though to see how businesses quickly responded and adapted to changed circumstances, from diversifying into new markets, managing severe supply chain difficulties and finding innovative ways to meet customer demand.
As the majority of restrictions are now being lifted, it is crucial for all SMEs to take time to consider the way forward. Reviewing their strategies and forecasts, adjusting their models where possible, and ensuring they have a plan in place to not only navigate through continued uncertainty but build back better into the future.
The pandemic will continue to drive innovation and transformation, particularly in terms of digitisation from both a consumer and business operations perspective.
UK Co-Heads of Mid Corporate, Barclays Corporate Banking
The SME success stories included in this guide should serve as a reminder that those businesses that focus on the key issues highlighted will be well placed to take advantage of potential opportunities, thrive, and grow, even during times of uncertainty or crisis. We would like to thank those clients for taking the time to share their insights with us.