40% Small and medium-sized enterprises fail in financial crisis, Cass report

Yesterday, in the "UPS Asia business watchdog" announced in 2009, the Chinese Academy of Social Sciences SME Research Center Director Chennai said that the Chinese Academy of Social Sciences is conducting a "small and medium-sized enterprises in the recovery of the role of" research, the report showed that 40% of SMEs have been in the financial crisis, the collapse of 40% of companies are now hovering on the wards, and only 20% are not affected by the financial crisis. "The proportion of coastal closures is greater than that of the interior, while the Midwest is the smallest."　　"Chennai said. Yesterday, Huang Yimin, vice president of UPS China supply chain operations, said the company had investigated 1200 small and medium-sized enterprises in the world, including 150 SMEs in China. In response to the challenging economic environment, 64% of China's SMEs plan to diversify or open new revenue streams, and 59% of SMEs will cut costs and 55% of SMEs will tighten cash flow management, according to the survey. In the face of the financial crisis, these three ways are the most commonly used in small and medium-sized enterprises. At the same time, the morning paper reporter in the research report found that China's small and medium-sized enterprises also began to focus on the efficiency of their supply chain. The survey showed that 93% of Chinese SMEs saw supply chain efficiency as a necessary condition for their business success.　　Of these, 25% of respondents said the supply chain could help reduce costs, while 23% per cent of respondents believed that supply chains could help ensure quality, while 18% of respondents believed supply chains could help forecast demand. Supply chain is around the core enterprises, through the flow of information, logistics, capital flow control, starting from the procurement of raw materials, made intermediate products and final products, and finally by the sales network to the consumer hands of products. It is a model of the functional chain that will be the supplier, manufacturer, distributor, retailer, until end user connected into a whole.