{"id":1659,"date":"2023-03-01T10:46:00","date_gmt":"2023-03-01T10:46:00","guid":{"rendered":"https:\/\/ubl.jfn.ac.lk\/?p=1659"},"modified":"2023-10-25T14:18:16","modified_gmt":"2023-10-25T14:18:16","slug":"summary-of-msme-challenges-and-solutions-feb-2023-discussion","status":"publish","type":"post","link":"https:\/\/ubl.jfn.ac.lk\/index.php\/summary-of-msme-challenges-and-solutions-feb-2023-discussion\/","title":{"rendered":"Summary of MSME Challenges and Solutions (Feb 2023 Discussion)"},"content":{"rendered":"\n

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No<\/strong><\/td>Name of MSEM<\/strong><\/td>Key Products<\/strong><\/td>Challenges\/ Weakness <\/strong><\/td>Potential Solution<\/strong><\/td><\/tr>
1<\/td>Nutri Food Packers<\/td>Dried Fruits, Vegetables<\/td>1. Power Cuts and Scarcity of Fuel
2. Shortage of Working Capital 
3. Decline in Agricultural Productivity
4. Logistical Challenge for Export<\/td>		1. Installation of Solar Panels
2. Soft Loans
3. Inccorating Step Cultivation
4. Government Policy Change<\/td><\/tr>
2<\/td>Possible Green<\/td>200+ Herbal Tea in the brand name \u201cLifetone\u201d<\/td>1. Marketing
2. Processing
3. Transportation
4. Legal Issues 
5. Packaging <\/td>		1. Identifying good suppliers
2. Machinery for Drying
3. Low Quantity Shipping Methods
4. EPF and ETF Registration 
5. Affordable Eco-Friendly Packaging<\/td><\/tr>
3<\/td>Arasade Vinajakar Rice Mill<\/td>Boiled Rice from Red Raw Rice<\/td>Increase production and Storage Capacity<\/td>Electric, Solar, Biomass Dryer<\/td><\/tr>
4<\/td>Speedcode Labs<\/td>Web Development
Mobile App
IoT Solutions
SEO Solutions<\/td>		1. How to get new customers for business 
2. How to expand Brand to other areas
3. How to Improve brand image, professional reputation and personal branding <\/td>		Partnership with complementary businesses<\/td><\/tr>
5<\/td>J.M Antranees Products<\/td>Benzoin resin (Sambrani) and Candles<\/td>1. Building inadequate for production
2. Raw materials cost and Transport
3. Packaging Machines<\/td>		1. Temporary Shed
2. Improve product value (Premium Product)
3. Soft Loan<\/td><\/tr>
6<\/td>PNS Entrepreneurship<\/td>Sweets related to Peanuts<\/td>1. Financial Challenges
2. Machinery Requirements
3. Unavailability of opportunities in the local market<\/td>		1. Soft Loan
2. Machines procurement
3. Diversification of Products and exports <\/td><\/tr>
7,11<\/td>SDD Coir Industry<\/td>Raw Coir fiber and fiber products
\u25c9 Broom and brushes
\u25c9 Carpets
\u25c9 Door Mats
\u25c9 Coir nets
\u25c9 Floor Coverings<\/td>		1. Electricity Bills
2. Transportation cost
3. Lack of Marketing
4. Inadequate machinery<\/td>		1. Solar Panels
2. Low-Cost transport solutions
3. Create Website and Digital Marketing
4. Machines procurement<\/td><\/tr>
8<\/td>Akkachi Food Products<\/td>\u25c9Rice Flour
\u25c9Egg Nutri Flour
\u25c9Turmeric Powder
\u25c9Chili Powder
\u25c9Roasted green gram split <\/td>		1. Transportation Issues
2. Low Shelf Life of the products
3. Capital Issues
4. Fluctuation of raw material prices
5. Wastage of Products<\/td>		1. Low-Cost transport solutions
2. Maintain production conditions
3. Soft Loan
4. Direct purchase from Farmers
5. Waste as Feed for Livestock<\/td><\/tr>
9<\/td>Naturewins<\/td>Produce cashews in the brand name Vanni Cashew<\/td>1. The production rate is Low
2. Skilled Employees
3. Lack of Marketing
4. Power Consumption  <\/td>		1. Machinery and Automation
2. Workers to operate Machines
3. Social Media and Digital Marketing
4. Solar Panels and Solar Drying <\/td><\/tr>
10<\/td>Lucky Star Tailoring<\/td>Women Inner Wear<\/td>1. Not enough working space
2. Capital Issues<\/td>		1. Soft Loan
2. Co-working Space<\/td><\/tr>
12<\/td>Sammal Palm and Craft Interior Products<\/td>Palmyrah handcraft Products
\u25c9 Basket
\u25c9 Lunch Box
\u25c9 Dust Bin
\u25c9 Flower 
\u25c9 Hand Bag
\u25c9 Night Lamp
\u25c9 Pen Holder
\u25c9 Sewing Box<\/td>		1. Marketing the Product
2. Transport
3. Sales Center
4. Difficulty in purchasing dye<\/td>		1. Website and Digital Platform
2. Low Cost transport solutions
3. Website and Digital Platform
4. Use Natural dye<\/td><\/tr>
13<\/td>Sempulam dry food products<\/td>\u25c9 Sun Dried Bitter Gourd
\u25c9 5+ Pickles
\u25c9 5+ Jams
\u25c9 5+ Drinks<\/td>		1. Lack of Machine and tools for drying 
2. Prices of Raw materials
3. Investment 
4. Delivery Vehicles 
5. Marketing<\/td>		1. Solar \/ Electric Dryer
2. Contracts with farmers for direct purchase
3. Investor or Soft Loan
4. Uber \/ Pickme delivery systems<\/td><\/tr>
14<\/td>Farmo International <\/td>Manufacture, Rebrand, Export of Chile powder, Oil and Palmyrah products<\/td>1. Invested in Machines for scaling, thus financial constraint<\/td>1. Trained and dedicated workers \/ entrepreneurs to run the business (University Students and Recent Graduates)<\/td><\/tr>
15<\/td>Dayana Plastic Recycling<\/td>Vehicle parts repairing, Children toys and god statues from plastic<\/td>1. Struggling to get raw materials 
2. Financial issues to expand the industries
3. Lack of marketing and Advertising <\/td>		1. Get Raw materials from local and suppliers from other Countries 
2. Investors \/ Soft Loan
3. Website and Social Media<\/td><\/tr>
16<\/td>Banu Enterprises<\/td>Coconut dust and Coir<\/td>1. No own land and storage
2. Transpiration Challenges
3. Marketing and Advertising <\/td>		1. Investors and Soft Loan
2. Low-Cost transport solutions
3. Website and Social Media Marketing<\/td><\/tr>
17<\/td>Kannahai Products<\/td>Dairy and Dried Products<\/td>1. Investors and Soft Loan
2. Low Cost transport solutions
3. Website and Social Media Marketing<\/td>		1. Certify the Products
2. Soft Loan
3. Website and Social Media Marketing<\/td><\/tr>
18<\/td>K.S.T Industries <\/td>Gingely OilTurmeric PowderCardamon<\/td>1. Rising cost of Raw material
2. Lack of Sales
3. Less profit margin
4. No quality check up
5. No attractive Packing
6. Marketing and Advertising<\/td>		1. Develop Procurement management System and Start local cultivation
2. Increase marketing and Sales strategies 
3. New customer segment and Products
4. Develop protocols for raw materials and end product testing
5. Sustainable Packing (Glass)
6. Website and Social Media marketing<\/td><\/tr>
19<\/td>Kannan Products<\/td>18 kind of Food and Sweets<\/td>1. Fluctuation of prices or raw materials
2. Inadequate space for storage of raw materials <\/td>		1. Forecasting, Diversifying suppliers, negotiate contracts, look for substitutes, increase efficacy to reduce raw material 
2. Suggest proper layout for working space, Vertical Expansion<\/td><\/tr>
20<\/td>Padmi Bag Collections<\/td>Leather and cloth bags
\u25c9 Hand Bag
\u25c9 Purse
\u25c9 Traveling bags
\u25c9 File bags<\/td>		1. Lack of Finance
2. Lack of Skilled Labor
3. Business not registered
4. Dryer
5. Oil Filter<\/td>		1. Getting raw materials at a reasonable price
2. Machines and Power crisis
3. No Outlets<\/td><\/tr>
21<\/td>Coconut Oil Farm<\/td>Coconut Oil<\/td>1. Lack of Finance
2. Lack of Skilled labor
3. Business not registered
4. Dryer
5. Oil Filter<\/td>		1. Use local plant materials (Palm, Coconut, hemp)
2. Automation and Skilled Workers
3. Digital Marketing and Website<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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No Name of MSEM Key Products Challenges\/ Weakness  Potential Solution 1 Nutri Food Packers Dried Fruits, Vegetables 1. Power Cuts and Scarcity of Fuel 2. Shortage of Working Capital 3. Decline in Agricultural Productivity4. Logistical Challenge for Export 1. Installation of Solar Panels2. Soft Loans3. Inccorating Step Cultivation4. Government Policy Change 2 Possible Green 200+ Herbal… Read More »Summary of MSME Challenges and Solutions (Feb 2023 Discussion)<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-1659","post","type-post","status-publish","format-standard","hentry","category-events"],"_links":{"self":[{"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/posts\/1659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/comments?post=1659"}],"version-history":[{"count":2,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/posts\/1659\/revisions"}],"predecessor-version":[{"id":1874,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/posts\/1659\/revisions\/1874"}],"wp:attachment":[{"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/media?parent=1659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/categories?post=1659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ubl.jfn.ac.lk\/index.php\/wp-json\/wp\/v2\/tags?post=1659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}