Financial Crisis Arising in Small-Scale Industries After Pandemic Periods

Abstract

The global COVID-19 pandemic has deeply impacted the economy, with small-scale industries (SSIs) facing severe financial crises. These industries, which are the backbone of many economies due to their contribution to employment and GDP, were disproportionately affected by the pandemic. This research article will focus on the financial challenges faced by SSIs post-pandemic, specifically addressing diminished demand, cash flow constraints, supply chain disruptions, and obstacles in securing financial assistance.This paper explores the financial challenges encountered by small-scale industries during and after the pandemic, focusing on liquidity crunches, disruptions in supply chains, reduced consumer demand, and labour shortages. Furthermore, it examines the recovery strategies employed by SSIs and suggests long-term solutions for resilience against future crises.