Adjusting technical help to fulfill the obstacle
As COVID-19 moves from a health crisis to a recession, we are trying to anticipate how small companies worldwide will weather this storm and where we need to focus our efforts.
LCGC works with micro, small and medium-sized business (MSMEs), primarily in the establishing world. The normal little business we work with uses between 10 and 20 people, is close to or is currently export-ready, and wishes to grow globally. These MSMEs represent 60% -70% of tasks in developing countries and around half of financial activity ¹. Moreover, they tend to utilize young people and females.
It is still prematurely to estimate how deeply the pandemic will impact our core constituency. Small companies are already or will soon face a liquidity crisis, which could clean out entire segments of the economy. In the next couple of months, they will face a series of obstacles that will depend, to a large degree, on how policymakers react to the crisis today.
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