Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia
Economies dependent on resource extraction are particularly susceptible to sudden swings in commodity prices. International Finance Corporation (IFC) linkages projects should take this into account by helping small and medium enterprises (SMEs) pre...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/05/10658749/helping-local-sme-suppliers-survive-global-economic-crisis-lessons-zambia http://hdl.handle.net/10986/10552 |
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okr-10986-105522021-04-23T14:02:51Z Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia Mwanza, Peter COMMODITY PRICES COMPANY COMPETITIVENESS COPPER PRICE COPPER PRICES CORPORATIONS CREDIT LINES DIVERSIFICATION DOWNSIZING FIRMS JOB LOSSES LOCAL ENTREPRENEURS MANUFACTURER MARKET CONDITIONS MARKETING MEDIUM ENTERPRISES MULTINATIONAL PRIVATE ENTERPRISE PRODUCTIVITY SALES SME SME CLIENTS SME DEVELOPMENT SME SECTOR SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS Economies dependent on resource extraction are particularly susceptible to sudden swings in commodity prices. International Finance Corporation (IFC) linkages projects should take this into account by helping small and medium enterprises (SMEs) prepare for the 'hard times,' such as the current global economic crisis, through diversification of markets and improving their coping capacities. To reduce their dependency on one or a limited number of corporations, SMEs should also be linked or introduced to market opportunities available from other organizations or firms. Likewise, other players or consumers in the sector should be included in 'crisis' planning and introduced to SMEs to increase the market size for SMEs. Finally, partnerships should be sought with government organizations involved in SME development to design innovative capacity-building interventions. This smart lesson describes how IFC's are helping Zambian SME suppliers hit hard by the global economic crisis and sharp fall in world copper prices and the lessons learned from the experience. 2012-08-13T12:02:03Z 2012-08-13T12:02:03Z 2009-05 http://documents.worldbank.org/curated/en/2009/05/10658749/helping-local-sme-suppliers-survive-global-economic-crisis-lessons-zambia http://hdl.handle.net/10986/10552 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa Zambia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMMODITY PRICES COMPANY COMPETITIVENESS COPPER PRICE COPPER PRICES CORPORATIONS CREDIT LINES DIVERSIFICATION DOWNSIZING FIRMS JOB LOSSES LOCAL ENTREPRENEURS MANUFACTURER MARKET CONDITIONS MARKETING MEDIUM ENTERPRISES MULTINATIONAL PRIVATE ENTERPRISE PRODUCTIVITY SALES SME SME CLIENTS SME DEVELOPMENT SME SECTOR SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS |
| spellingShingle |
COMMODITY PRICES COMPANY COMPETITIVENESS COPPER PRICE COPPER PRICES CORPORATIONS CREDIT LINES DIVERSIFICATION DOWNSIZING FIRMS JOB LOSSES LOCAL ENTREPRENEURS MANUFACTURER MARKET CONDITIONS MARKETING MEDIUM ENTERPRISES MULTINATIONAL PRIVATE ENTERPRISE PRODUCTIVITY SALES SME SME CLIENTS SME DEVELOPMENT SME SECTOR SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS Mwanza, Peter Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| geographic_facet |
Africa Zambia |
| relation |
IFC Smart Lessons Brief |
| description |
Economies dependent on resource
extraction are particularly susceptible to sudden swings in
commodity prices. International Finance Corporation (IFC)
linkages projects should take this into account by helping
small and medium enterprises (SMEs) prepare for the
'hard times,' such as the current global economic
crisis, through diversification of markets and improving
their coping capacities. To reduce their dependency on one
or a limited number of corporations, SMEs should also be
linked or introduced to market opportunities available from
other organizations or firms. Likewise, other players or
consumers in the sector should be included in
'crisis' planning and introduced to SMEs to
increase the market size for SMEs. Finally, partnerships
should be sought with government organizations involved in
SME development to design innovative capacity-building
interventions. This smart lesson describes how IFC's
are helping Zambian SME suppliers hit hard by the global
economic crisis and sharp fall in world copper prices and
the lessons learned from the experience. |
| format |
Publications & Research :: Brief |
| author |
Mwanza, Peter |
| author_facet |
Mwanza, Peter |
| author_sort |
Mwanza, Peter |
| title |
Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| title_short |
Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| title_full |
Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| title_fullStr |
Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| title_full_unstemmed |
Helping Local SME Suppliers Survive the Global Economic Crisis : Lessons from Zambia |
| title_sort |
helping local sme suppliers survive the global economic crisis : lessons from zambia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/05/10658749/helping-local-sme-suppliers-survive-global-economic-crisis-lessons-zambia http://hdl.handle.net/10986/10552 |
| _version_ |
1764413514626105344 |