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How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers

In the wake of the global COVID-19 pandemic and the subsequent movement control order (MCO) in Malaysia, an on-line survey was undertaken involving 748 small and medium enterprises (SMEs) in the furniture industry. The main objective was to examine the impact of the pandemic and the subsequent MCO o...

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Main Authors: Ratnasingam, Jegatheswaran, Khoo, Albert, Jegathesan, Natkuncaran, Lum, Chee Wei, Abd Latib, Hazirah, Thanasegaran, Ganesh, Lim, Choon Liat, Lee, Yan Yi, Othman, Kamaruzaman, Amir, Mohd Afthar
Format: Article
Language:English
Published: North Carolina State University, College of Natural Resources 2020
Online Access:http://psasir.upm.edu.my/id/eprint/89205/1/COVID.pdf
http://psasir.upm.edu.my/id/eprint/89205/
https://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_15_1_5951_Ratnasingam_Small_Medium_Enterprises_Malaysia
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spelling my.upm.eprints.892052021-09-03T21:42:43Z http://psasir.upm.edu.my/id/eprint/89205/ How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers Ratnasingam, Jegatheswaran Khoo, Albert Jegathesan, Natkuncaran Lum, Chee Wei Abd Latib, Hazirah Thanasegaran, Ganesh Lim, Choon Liat Lee, Yan Yi Othman, Kamaruzaman Amir, Mohd Afthar In the wake of the global COVID-19 pandemic and the subsequent movement control order (MCO) in Malaysia, an on-line survey was undertaken involving 748 small and medium enterprises (SMEs) in the furniture industry. The main objective was to examine the impact of the pandemic and the subsequent MCO on the various business aspects of the SMEs as well as to make recommendations to the government on supportive measures for the SMEs. The survey found that although all aspects of the business were impacted, the two major concerns of the SMEs during this crisis were the financial management and the supply chain disruptions. Inevitably, it was found that most of the SMEs were operating well below capacity, which was a huge financial strain on their business viability. It was recommended that the government provide measures to help the SMEs manage their cash-flow and ease the restrictions to facilitate supply-chain commencement that is crucial to their business. The survey also revealed that most SMEs acknowledged the importance of automation and the adoption of technologies. Respondents regarded the shift towards Industry 4.0 was inevitable as a means increase their resilience when facing future uncertainties. North Carolina State University, College of Natural Resources 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/89205/1/COVID.pdf Ratnasingam, Jegatheswaran and Khoo, Albert and Jegathesan, Natkuncaran and Lum, Chee Wei and Abd Latib, Hazirah and Thanasegaran, Ganesh and Lim, Choon Liat and Lee, Yan Yi and Othman, Kamaruzaman and Amir, Mohd Afthar (2020) How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers. BioResources, 15 (3). 5951 - 5964. ISSN 1930-2126 https://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_15_1_5951_Ratnasingam_Small_Medium_Enterprises_Malaysia
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description In the wake of the global COVID-19 pandemic and the subsequent movement control order (MCO) in Malaysia, an on-line survey was undertaken involving 748 small and medium enterprises (SMEs) in the furniture industry. The main objective was to examine the impact of the pandemic and the subsequent MCO on the various business aspects of the SMEs as well as to make recommendations to the government on supportive measures for the SMEs. The survey found that although all aspects of the business were impacted, the two major concerns of the SMEs during this crisis were the financial management and the supply chain disruptions. Inevitably, it was found that most of the SMEs were operating well below capacity, which was a huge financial strain on their business viability. It was recommended that the government provide measures to help the SMEs manage their cash-flow and ease the restrictions to facilitate supply-chain commencement that is crucial to their business. The survey also revealed that most SMEs acknowledged the importance of automation and the adoption of technologies. Respondents regarded the shift towards Industry 4.0 was inevitable as a means increase their resilience when facing future uncertainties.
format Article
author Ratnasingam, Jegatheswaran
Khoo, Albert
Jegathesan, Natkuncaran
Lum, Chee Wei
Abd Latib, Hazirah
Thanasegaran, Ganesh
Lim, Choon Liat
Lee, Yan Yi
Othman, Kamaruzaman
Amir, Mohd Afthar
spellingShingle Ratnasingam, Jegatheswaran
Khoo, Albert
Jegathesan, Natkuncaran
Lum, Chee Wei
Abd Latib, Hazirah
Thanasegaran, Ganesh
Lim, Choon Liat
Lee, Yan Yi
Othman, Kamaruzaman
Amir, Mohd Afthar
How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
author_facet Ratnasingam, Jegatheswaran
Khoo, Albert
Jegathesan, Natkuncaran
Lum, Chee Wei
Abd Latib, Hazirah
Thanasegaran, Ganesh
Lim, Choon Liat
Lee, Yan Yi
Othman, Kamaruzaman
Amir, Mohd Afthar
author_sort Ratnasingam, Jegatheswaran
title How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
title_short How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
title_full How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
title_fullStr How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
title_full_unstemmed How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? early evidences from a survey and recommendations for policymakers
title_sort how are small and medium enterprises in malaysia’s furniture industry coping with covid-19 pandemic? early evidences from a survey and recommendations for policymakers
publisher North Carolina State University, College of Natural Resources
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/89205/1/COVID.pdf
http://psasir.upm.edu.my/id/eprint/89205/
https://ojs.cnr.ncsu.edu/index.php/BioRes/article/view/BioRes_15_1_5951_Ratnasingam_Small_Medium_Enterprises_Malaysia
_version_ 1710677173136785408
score 13.211869

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