As part of its new campaign, Facebook introduces #LoveLocal to support small businesses in the Middle East and North Africa (MENA) region, the hardest hit during the COVID-19 pandemic.
Facebook‘s #LoveLocal campaign aims to support small and medium businesses (SMBs) regionally pivot to digital and grow by highlighting several resources made available for their economic recovery. The campaign will amplify the voice of SMBs and shed light on their stories and their challenges to help generate consumer demand for local SMBs across the region.
Through #LoveLocal, Facebook will provide business owners access to the Middle East and North Africa SMB Training Hub – a platform with up to 40 online webinars available for free that businesses can use to master a range of digital tools covering digital marketing and e-commerce and develop and grow their business presence online.
Highlighting the impact of the pandemic on SMBs and the need for additional support, the Future of Business Survey, an ongoing collaboration between Facebook, the World Bank and Organisation for Economic Co-operation and Development (OECD), released a ‘Global State of Small Business’ report in July 2020 that found that 26% of SMBs globally had closed between January and May 2020.
“According to the report, in the MENA region, 70% of businesses reported reduced sales, with around 40% reducing their workforce in response to the pandemic,” said Ramez Shehadi, managing director for the Middle East & North Africa, Facebook. “Small businesses are the backbone of any economy and pillars of their local communities. In these challenging times, SMBs need support from community members across the region. Our #LoveLocal campaign is aimed at supporting local businesses and driving communities towards greater engagement with them in an effort to bring sustenance and growth for SMBs now, and on the road ahead.”
Prior to COVID-19, a paradigm shift towards digitization of the economy was already underway. Current events have since accelerated the paradigm, evidenced by the manner in which customers are shifting their spending toward digital. The report found that at least one-third of SMBs globally indicated that they had earned a minimum of 25% of their sales from digital channels in the previous 30 days.
“It is now clear that a key way for SMBs to survive the pandemic is to pivot to digital in order to access a wider radius of consumers beyond their traditional physical reach. Entrepreneurs can register for free online courses to receive insights on Facebook’s services and tools that can help them get online, boost leads and grow online commercial engagement,” Shehadi added, stressing the need for businesses to develop digital skills to unlock opportunities. “Our online resources and tools can help small business owners with tips, training and much more to learn, live and work more readily and effectively in the digital world.”