Cooperative Challenges in the Midst of the Covid-19 Pandemic
Abstract
The covid-19 pandemic is not over. The covid-19 pandemic condition is a big challenge for cooperatives to be able to attend as well as provide solutions to economic uncertainty due to the Covid-19 pandemic. Based on data collected from the Ministry of Cooperatives, there are 1,785 cooperatives affected by the pandemic, and based on online data systems (ODS) as of December 31, 2020, it was found that many cooperatives experienced a decrease in their own capital and outside capital, resulting in a shift in liquidity, declining sales and the occurence of bad debts. Therefore, the purpose of this study is to discuss and find out the performance of cooperatives in facing various challenges due to the Covid-19 pandemic and efforts in handling them. Thisresearch uses a qualitative method with a descriptive type of research. This research uses a library study approach (library reserch). The data collection procedure is taken from various literature sources relevant to this discussion. The results of this study found that in facing various challenges due to the Covid-19 pandemic, cooperatives must make strategic efforts, namely digitizing cooperatives, maintaining liquidity and solvency, product innovation and improving the human resources of cooperative management. This research is not specific to one cooperative institution, but discusses in general how cooperatives perform in facing various challenges due to the impact of the Covid-19 pandemic which affects cooperatives themselves. The novelty of this study is that the data studied has not referred to the current updated data, this study only refers to data in 2020-2021. It is hoped that researchers will be able to provide broader and more up-to-date data inputs.
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