Diversify or lag behind, SMEs told, amid global trade uncertainty

Diversifying in suppliers, customers and markets is the bet that big companies and small and medium-sized enterprises (SMEs) must have on the tariff uncertainty that has driven the United States and that has spread globally, said Tarsicio González, leader of sales team at CIAL Dun & Bradstreet, a company specialized in offering solutions and technological data. In the webinar Tariffs 2025: How to navigate uncertainty, carried out by that firm, s…

Diversify or lag behind, SMEs told, amid global trade uncertainty

By Yasmin Ramlan SHAH ALAM, May 20 — As global trade tensions mount, Selangor continues to extend strong support to small and medium enterprises (SMEs) with state-backed programmes. These include targeted financing schemes, digitalisation efforts, and green innovation grants, all designed to help businesses grow beyond domestic borders. However, with rising global uncertainties, including recent tariff hikes by the United States, local industry …

Small and medium-sized enterprises (SMEs) have been affected by the current environment of global economic uncertainty, accentuated by tariffs, today in pause, driven by former President Donald Trump who still have an impact on international trade. In response, the Multi-Objective Financial Society (Sofom) Serfimex has developed strategies focused on providing liquidity to SMEs in this changing scenario. “The main intention is to protect the cas…