GHCL Textiles Ltd Share Price

(GHCLTEXTIL)

Businesses in 2020 have been hit hard by the coronavirus pandemic, with job losses, economic downturns, delays in revenue streams, and the need to quickly adjust to ever-changing circumstances. However, despite these challenges, small businesses in particular have shown resilience and have started to focus on developing better digital strategies and leveraging new technologies to thrive. This includes investing in customer service and communications, ecommerce, digitization of business processes, automation, and other digital marketing tactics. The results of this shift have been impressive, with more than four out of five small businesses reporting increased productivity since shifting to virtual operations during the pandemic – up from two out of five pre-2020. Additional stats show positive customer feedback from virtual business operations, with 54% of customers saying that their shopping experience with small businesses has improved due to the change, as well as increased engagement in digital platforms, with 82% of businesses having seen an increase in online sales since implementing digital solutions. As small businesses continue to look for ways to make their operations more efficient and digitally savvy, these stats show that embracing digital transformation could be the key to surviving in the current market.

Listing date: 12 Jun, 2023