HOW SUPPLY CHAIN DISRUPTION IS DESTROYING MSMES AND THE EXPECTATIONS FROM WTO

The epidemic has taken the world into its grip.The epidemic impact is so severe that the global economy is expected to shrink. Micro, Small and Medium Enterprise (MSME) are the backbone of every country, and their contribution in terms of employment and GDP is undeniable, but it is the second-worst affected group behind only to daily wagers, small shop owners or small traders who depend on normal market conditions for their daily earning. The world-renowned agencies WTO and other trade organization must lead the way towards the recovery if they want to remain significant in the new world trade order, the expectation is to do necessary reforms at the global level to accommodate the developing nations concerns to revive international trade and relief measures required to end the pandemic.