ILO SCORE India : Any mantra for SMEs to improve long term competitiveness?

This video highlights the increase in competitiveness reported by Small and Medium Enterprises (SMEs) in India following the productivity gains achieved through ILO SCORE training. View the various measures undertaken by the SCORE trained SMEs in the supply chain of Light Engineering Sector (comprising of metal works, fabrication, automotive components, electronics etc) to upgrade management practises and working conditions to improve their operational efficiency.

Globalization today means that industrial supply chains are stretching to all corners of the world. In developing and emerging economies, global supply chains offer unprecedented opportunities for enterprises to grow and create jobs. However, they also present tough challenges. International quality standards require suppliers to invest in technology, modernize management practices and develop workforce skills. Global competition and thin margins demand continual upgrades in productivity. Many multinational companies also insist that suppliers comply with codes of conduct to safeguard international labour and environmental standards. Meeting quality and productivity standards is a priority for suppliers. But does it really makes sense for the SMEs to improve working conditions and meet the social standards?