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INSME Academy

Crisis Costs for European SMEs: the EESC Study

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On September 20th Francesco Camonita (Researcher and Project Manager at Wise Angle Consulting), Carina Dantas (CEO of SHINE 2Europe), Juliana Louceiro (SHINE 2Europe Researcher) will discuss the insights from the study: "Crisis Costs for Europeans SMEs" by the European Economic and Social Committee (EESC), developed by Wise Angle Consulting and SHINE 2Europe with INSME's support. 

The COVID-19 pandemic has become the landmark for one of the greatest economic shocks ever experienced. As such, many SMEs were exposed to financial and employment-related losses, especially in the retail and tourism sector. In the light of this, the EESC study analysed six SMEs challenges that will be presented and thoroughly discussed: containment measures, the workforce challenge, financial consequences, digitalisation, public assistance and European diversity. 

The research then suggests specific policy measures to pursue in the short and in the long term: a) simplification of procedures and light administrative costs; b) to sustain energy, fuel and raw materials increasing prices with direct support; c) restructure the supply chain and identify new markets d) the involvement of SMEs in public procurement; e) better involvement of SMEs network in the decision making; f) development of training skills for workers through job seminars. Participants will be able to learn about these measures and discuss them with the relators. 

Join INSME in this fruitful discussion; register now or contact academy@insme.org!

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