The competitiveness of internationalizing SME suppliers during and after COVID-19

Yi Wang and Tage Koed Madsen

Chapter 13 in Small and Medium Sized Enterprises and the COVID-19 Response, 2022, pp 306-322 from Edward Elgar Publishing

Abstract: This chapter asks which strategies a European SME could adopt to become more competitive vis-Ã -vis non-European suppliers and thus increase its market share in Europe? Likewise, which strategies could be adopted to become as competitive as possible as a supplier outside Europe? Our illustrative cases demonstrate that COVID-19 crisis has not changed purchasing organizations' preferences dramatically. Reliable and stable supplies remain essential to customer demands, but their importance seems to have increased during COVID-19 pandemic. The literature review and the two illustrative case examples provided similar responses that increased supply chain digitalization and automation seem to be viable tools for European SME suppliers to increase competitiveness in regional as well as in distant markets.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2022
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