Adjusting technical help to satisfy the difficulty
As COVID-19 relocations from a health crisis to an economic crisis, we are trying to expect how small companies worldwide will weather this storm and where we require to focus our efforts.
LCGC works with micro, small and medium-sized enterprises (MSMEs), primarily in the establishing world. The normal little organisation we work with uses in between 10 and 20 individuals, is close to or is currently export-ready, and wants to grow globally. These MSMEs represent 60% -70% of tasks in establishing countries and around half of economic activity ¹. Moreover, they tend to employ young individuals and ladies.
It is still too early to approximate how deeply the pandemic will affect our core constituency. Small companies are already or will soon deal with a liquidity crisis, which could clean out entire segments of the economy. In the next few months, they will face a variety of challenges that will depend, to a big degree, on how policymakers react to the crisis today.
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