The first half of 2020 has brought tremendous challenges to Lebanese businesses. Lebanon has suffered its worst economic and financial crisis since the civil war, resulting in recession, the plummeting of the Lebanese Pound value, and rising inflation. The situation was aggravated as the country went into complete lockdown for almost 4 months to reduce the spread of Coronavirus.
How have small businesses survived the last 6 months?
Berytech reached out to agri-food startups and small enterprises that are members of the QOOT Cluster to understand how they dealt with this snowball of challenges, getting a closer look at how they diverted their strategies and diversified their offering to survive this period and thrive in the quick-changing world order.
From improving efficiency, innovating new products, growing exports and online sales, and focusing on the community, read about how the QOOT Cluster members survived and thrived during these times of adversity.
Read the full article on Berytech’s blog section here.