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Showing posts with the label selling through crisis

Beyond Survival: Building Resilient Businesses in Myanmar's Conflict Economy

Myanmar has endured decades of challenges, from political instability to ongoing civil wars. The 2021 military coup marked a new era of economic turmoil, exacerbating the already difficult circumstances. Today, small businesses in Myanmar face an unprecedented landscape—skyrocketing logistics costs, inflation on basic essentials, and a lack of security. Yet, despite these challenges, entrepreneurs continue to demonstrate remarkable resilience and adaptability. In this post, I’ll share some personal examples and strategies to help businesses adapt and thrive in such tough times. Top Challenges Facing Small Businesses in Myanmar Unstable Logistics and Supply Chains  Myanmar’s internal conflict has made travel and transport difficult, with parts of the country deemed unsafe. Logistics costs have surged, putting immense strain on business operations. Delayed deliveries and spoiled goods are now common challenges. Skyrocketing Costs of Essentials  Inflation is driving up the cost o...