[John Dugan]

There are likely multiple potential solutions to consider.
-MSMEs should identify and engage multiple suppliers for critical inputs and components to reduce their dependence on a single supplier and minimize the impact of global events on their operations.
-Localization of supply chain can reduce lead times, transportation costs, and risks associated with global supply chain disruptions.
-Risk assessment and contingency plans should be conducted to identify potential vulnerabilities and develop contingency plans.
-Financial planning and management practices should be followed to withstand market fluctuations.
-Collaboration and networking with other businesses, industry associations, and government agencies can help MSMEs build a stronger support network, gain access to new opportunities, and navigate challenges more effectively.