The World Economic Forum’s 2024 white paper on “Empowering Small and Medium-Sized Enterprises through Digital Business Model Innovation” highlights how geopolitical shifts, sustainability pressures, and emerging technologies are reshaping manufacturing. For SMEs, especially in Brazil, digital business model innovation—combining digital transformation with new revenue models, products, and services—is key to competitiveness. Challenges include strategy gaps, high costs, limited skills, and resistance to change. The paper outlines a step-by-step path: initiation, ideation, integration, and implementation, supported by multistakeholder collaboration. By addressing these barriers, SMEs can drive growth, resilience, and inclusion in global value chains.

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