The formation of industrial clusters has helped the MSMEs get organised. However, the key to the success of these MSMEs located in industrial clusters is in ensuring that they comply with the applicable environmental norms.
The steady advance of the novel coronavirus (COVID-19) in India and across the world has seen a concomitant increase in the uncertainties for business on a daily basis. While the elephant in the room is currently compliance and handling of employees and taking necessary steps as per government policies and relevant employment and labour laws, the impact on corporate entities is also far and wide on other aspects. One of the biggest gradual fallouts of this business disruption will arise from inability or difficulty in performance of contractual commitments.
With the continuing spread of the Coronavirus Disease 2019 (Covid-19 or “coronavirus), various businesses across the globe are facing an increasing number of challenges and issues that need to be addressed and mitigated. Retail sector is no exception to this. This article attempts to summarise issues that are being faced by retail companies and the mitigating steps they should be taking to remain complaint in challenging times, to avoid business and reputational disruptions:
The macabre of the novel coronavirus (also commonly known as “COVID-19”) has engulfed within its fold as many as 112 countries and territories around the world and international conveyance (the Diamond Princess cruise ship harbored in Yokohama, Japan). This virus has found a foothold on every continent except for Antarctica.
In recent times, the presence of COVID-19 in the business ecosystem is testing contingency plans and business continuity across organizations. Therefore, like all business functions, teams within organisations pursuing acquisitions and divestments also have to reorganize themselves in an agile manner to respond to this challenge. The attached document provides some insights around what to expect would change in the deal-making environment in India.
